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Bloomberg Economic growth slowed across Europe at the start of the year, with Germany seeing its pace of expansion cut in half amid weaker trade. The 0.3 percent increase in Europe’s largest economy was softer than forecast and the weakest in more than a year. Dutch and Portuguese growth also cooled more than expected in the first quarter, while a ...

Bloomberg Allianz SE’s asset-management business saw earnings soar on the back of increased inflows at the German firm’s Pimco unit. Operating profit at the unit, adjusted for foreign-exchange effects, increased by a “remarkable” 16.3 percent in the first quarter, Europe’s largest insurer said in a statement on Tuesday. External managers allocated almost 21 billion euros ($25 billion) to the firm, ...

Bloomberg Vodafone Group Plc Chief Executive Officer Vittorio Colao is leaving after a decade of retreating from aggressive global growth in favor of the European market, handing the reins to company veteran Nick Read. Colao, 56, will depart from the world’s second-largest mobile carrier in October and Read, the 53-year-old chief financial officer, will take over. Vodafone made the surprise ...

Bloomberg The chief executive of Fiat Chrysler Automobiles NV admonished a company spokesman in 2015 for saying the company didn’t rig its vehicles with illegal software to pass emissions tests, according to documents filed in a related lawsuit. An excerpt of the 2015 email from CEO Sergio Marchionne to Fiat Chrysler’s then-head of US communications, Gualberto Ranieri, was revealed in ...

Bloomberg Hamas vowed to keep protesters storming the Gaza border on Tuesday, a day after 59 Palestinians were killed in confrontations with Israeli troops, the bloodiest toll in the seaside territory since a 2014 war. Monday’s casualties, which included more than 1,200 people wounded by live fire, were a stark contrast to the festivity of President Donald Trump’s inauguration of ...

Bloomberg Prime Minister Narendra Modi’s Bharatiya Janata Party won the most seats in a closely-fought election in the southern state of Karnataka but may not be able to form a government after two rival parties vowed to form a coalition government. The BJP is leading in 104 seats, eight short of the majority mark in the 224-member assembly, according to ...

Bloomberg The future of kids brought into the US by their undocumented parents faces a crucial test in a federal appeals court in California. The Trump administration seeks to knock down one of a trio of lower-court decisions that have barred the government from ending the program for so-called Dreamers that allowed the children to stay in the country. On ...

Bloomberg Mahathir Mohamad said he may stay on as Malaysia’s prime minister for “one or two years,” after earlier agreeing to step aside for jailed coalition leader Anwar Ibrahim. In remarks on Tuesday, the 92-year-old said that Anwar — a former enemy turned ally — may just join the cabinet for a while after his expected release from prison on ...

Bloomberg Britain’s quest to leave the European Union is riddled with infighting, and now another domestic political battle looks set to rumble on through the increasingly tricky negotiations. Barring an 11th-hour deal, the Scottish Parliament in Edinburgh is expected to withhold consent on Tuesday for Prime Minister Theresa May’s key Brexit legislation. The UK Parliament has the right to disregard ...

Bloomberg Ex-Taiwanese President Ma Ying-jeou was sentenced to four months in jail for leaking details of a criminal investigation while still in office, although the former Kuomintang leader could still avoid jail time by paying a fine or winning on appeal. Taiwan’s High Court on Tuesday found Ma, 67, guilty of violating the Communication Security and Surveillance Act, according to ...