Senior EU officials have decided to block CK Hutchison’s multibillion-dollar purchase of Telefónica’s British mobile operator O2, paving the way for the bloc’s 28 commissioners to sign off on the decision.
Britain’s flirtation with leaving the European Union is as puzzling as Greece’s desire to stay. After all, Britain’s economy has done quite well inside the bloc while Greece’s has been decimated. What explains both sentiments, WSJ chief economics commentator Greg Ip writes, is that the European project has always been about more than economics.
Caesars Entertainment Corp. won’t get a break from lawsuits seeking to force it to honor billions of dollars in debt guarantees, but a bankruptcy judge didn’t shut the door on revisiting the issue if the litigation heats up.
Jia Yueting, founder and chairman of LeEco, has used unorthodox funding methods to further his tech visions. Last month the Chinese entrepreneur unveiled a driverless electric concept car, and his grand dream is for a hardware-content ecosystem.