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Bloomberg SAP SE increased its sales outlook for the year to reflect a major acquisition and an accelerating cloud business, as Europe’s biggest software company benefited from increased global IT spending. New cloud bookings, a keenly watched metric because it indicates future sales growth, grew 25 percent at constant currencies in the first quarter, the Walldorf, Germany-based company said on ...

Bloomberg Britain was in surplus on its day-to-day budget for the first full fiscal year since the early 2000s, a milestone that is almost certain to revive calls for an end to austerity. Revenue exceeded spending by 112 million pounds ($156 million) in the 12 months through March, meaning Britain is now borrowing only to finance capital investment, figures from ...

Bloomberg After two weeks of convulsions caused by US sanctions against United .Co. Rusal, the metals market was braced for more mayhem: many traders were betting the Russian aluminum giant was just days away from having to shut plants from Sweden to Jamaica. Then, the US Treasury threw a potential lifeline by making clear it’s not pushing for the company’s ...

The global economy is on the mend — but will the recovery be quashed by too much worldwide debt? Why are President Donald Trump’s tariffs such a bad deal for the US economy? It’s not just because they might start a trade war. It’s because of tax theory. Now, most tax theory is incredibly boring. (Hopefully my former economics professors ...

The world’s biggest champion of clean-energy vehicles has opened its arms to embattled electric-car maker Tesla Inc. Or so it seems. Beijing is removing caps on foreign ownership of automaker ventures, widening access to its critically important, high-margin car market. The limits will be rescinded over five years, with restrictions on electric cars to go this year. At first blush, ...

For investors in Vietnam, discretion is increasingly the better part of valor. You won’t see any sign of caution in the current IPO frenzy, though. Far from slowing down, Southeast Asia’s busiest market for stock offerings over the past year seems to be revving up. GIC Pte, Singapore’s sovereign wealth fund, is spending about $850 million for a 7.1 percent ...

The world’s rich countries face a looming challenge in education: Too many of their citizens lack the skills and credentials needed for the jobs of the future. To keep people productively engaged in work in the coming decades, and to ensure that economies maintain robust growth, governments, educators and employers will need to make lasting investments in a new class ...

Last week, the European Parliament backed the idea of breaking up Google. It doesn’t have the power to do it, but the legislators’ decision is a notable part of a backlash against the remedial action Google took after the European Commission fined it $2.95 billion for abusing its dominant position in shopping search. That backlash can lead to dire consequences ...

Just when shoppers are putting more jars of coffee and bottles of shampoo into their baskets, there’s another worry for the big consumer goods groups: they don’t want to pay more for them. Last week both Nestle SA and Unilever NV announced a return to volume growth in the first quarter of their financial years — and pricing that was ...

Policymakers from some 180 countries wrapped up the spring meeting of the International Monetary Fund and World Bank in Washington on Sunday with a warning: Take steps now, while the global economy is still strengthening, to head off escalating risks of instability looming just over the horizon. The message was reminiscent of the “yes, but” theme that dominated the same ...