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  Reuters Don’t return Sweden to the high taxes of the 1970s and 1980s. That warning comes from Sweden’s state-funded economic think tank as the Social Democratic-led government has been raising taxes on workers, while planning to cut levies on pensioners and those collecting benefits. “There are big negative effects, at least in the longer term, of higher state income ...

Bloomberg Deutsche Bank AG is finding that there just isn’t enough soured US mortgage debt anymore. The German bank needs the stuff, after agreeing to provide $4.1 billion of relief to borrowers as part of a larger legal settlement with the US. It’s already been planning to finance fund managers that would in turn buy underwater mortgages and ease their ...

  Bloomberg The $12 billion fund that manages the wealth of the billionaire family behind Lego A/S wants to add more UK real estate to its portfolio, reflecting a bet that Britain’s departure from the European Union might make the London property market more accessible. “We need to keep finding targets for investments and we feel that Brexit can give ...

  Bloomberg France pledged $2.6 billion in investments for Indonesia and affirmed deepening ties with Southeast Asia’s biggest economy during a visit on Wednesday by President Francois Hollande. Indonesian President Joko “Jokowi” Widodo welcomed the new commitment by French investors to increase their involvement in the energy, infrastructure and retail industries. Jokowi and Hollande witnessed the signing of five memorandums ...

  Bloomberg The UK could lose its air links with European Union countries after Brexit becomes a reality in 2019 if aviation isn’t made a priority in negotiations on the terms of the schism, Ryanair Holdings Plc warned. In splitting from the EU, Britain could lose even the most basic flying rights and won’t be able to simply revert to ...

  Bloomberg Delta Air Lines Inc. and Korean Air Lines Co. agreed to form a joint venture to share costs and revenue on flights across the Pacific in a bid to lure customers with more options amid intense competition. The two airlines, both founding members of the SkyTeam alliance, signed a memorandum of understanding to coordinate on schedules for a ...

  Bloomberg American Airlines Group Inc. agreed to acquire a minority stake in China Southern Airlines Co. for $200 million, cementing a partnership between the top carriers in the U.S. and Asia. China Southern will issue 270.6 million shares in its Hong Kong-listed company to the world’s largest airline at HK$5.74 apiece, the Guangzhou-based carrier said in a stock exchange ...

  Bloomberg Frontier Airlines Inc., the no-frills US carrier whose aircraft feature animals on the tails, is aiming to go public as soon as the second quarter, reports said. JPMorgan Chase & Co., Deutsche Bank AG, Citigroup Inc. and Evercore Partners Inc. are the leading underwriters on the deal, said the people, who asked not to be identified because the ...

  Bloomberg Facebook Inc. is making a dramatic change to the social network’s mobile application, letting people post pictures and videos that disappear after 24 hours. Dramatic, but unsurprising—it’s the fourth time the company has added such a feature to its apps. And it’s a tool that was invented by its smaller, newly public competitor: Snap Inc., whose Snapchat lets ...

  Bloomberg Density matters to Super Micro Computer Inc. To meet customer demands to take up less space, the maker of servers is reducing the number of cables inside its products, their structure revamped to make room for more processing power and memory. That’s putting the focus on improving designs for the computers that run networks, as the San Jose, ...