Prosecutors’ decision to seek the arrest of Samsung Group heir Lee Jae-yong threatens to knock one of the world’s biggest companies off course—and, represents a significant challenge to South Korea’s large, family-run companies.
The International Monetary Fund raised its economic growth forecasts for the U.S., saying output could grow nearly a half-percentage point faster than previously thought over this year and next, thanks to President-elect Donald Trump’s plans to cut taxes and boost infrastructure spending.
Luxottica, maker of Ray-Ban, has agreed to a merger with French optical-lens maker Essilor, placing its Italian founder at the helm of a globe-spanning colossus with brands gracing European catwalks and California beaches.
Shares in German auto companies tumbled after the U.S. President-elect singled out BMW, Daimler and Volkswagen, threatening to impose a 35% import tariff on their exports from Mexican plants to the U.S.
Federal Reserve officials increasingly say they don’t see a need for stimulative government tax and spending programs to boost short-term economic growth, reversing their stance during and after the Great Recession.
Companies are increasingly exploring the economics of moving production to the U.S., as an overhaul of the U.S. tax code looms and President-elect Donald Trump calls out their peers for expanding abroad.