Top stories

The world’s two largest auction houses are now owned by French billionaires

Germany’s biggest bank will shrink or shut its US equity and trading businesses

Top adviser to city’s leader says ‘no chance’ extradition bill will be reintroduced

Chinese telecoms group will ‘reduce production’ over next two years

Work chat app wants to integrate thousands of business software services

Developer has an eye on a bigger picture: to be mayor of Los Angeles

One of country’s largest SOEs shuts Swiss bank out of advising on big bond deal

US deal puts new barriers in the way of migrants making dangerous journey

US supermarket retailer working to compete with ecommerce rivals

Venture is latest move in race between pharmaceutical groups for oncology businesses

Stricter enforcement of immigration rules sees increase in visa rejections

US News

Business group says China tariffs will cost economy $1tn over next decade

Dennis Muilenburg says he was disappointed the group had not ‘crisply communicated’ over fatal crashes

Agreement with bondholders aims to enable island to emerge from bankruptcy by 2020

Investors are demanding more data on the sustainability of big companies

Opinion

Highlights

Today’s start-ups and urban projects hint at the future of urban mobility

APG boss advising on Netherlands controversy is shocked by public’s lack of trust

While MBAs struggle, financial training is adapting and thriving among uncertain market conditions

Markets News

IPOs of UAE groups Network International and Finablr have lifted London exchange

Move opens path to cheaper funding for ‘primary dealer’ lenders

Technology

Work chat app wants to integrate thousands of business software services

Activist investor Daniel Loeb’s advice to spin off semiconductors should be rejected  

Chinese telecoms group will ‘reduce production’ over next two years

Life & Arts