Tom Brady Breaks Into English Football, Buying Birmingham City Stake
Tom Brady is making his first foray into the world of British football, investing in Championship club Birmingham City as a minority owner.
Bloomberg Business
Damaged Car-Carrier Ship Towed to Dutch Port After Fire
The cargo ship that caught on fire with thousands of cars on board was towed Thursday to a nearby port in northeastern Netherlands.
Billionaire Michael Spencer’s Family Office Loses CEO After Six Months
Michael Spencer, the billionaire behind one of the world’s biggest financial brokerage fortunes, has lost the head of his personal investment firm appointed just months ago.
Thailand’s Wait for a Premier Gets Longer, Rattling Markets
Thailand’s parliament canceled plans to elect a prime minister on Friday and said a new date would be set when there is more clarity on a legal challenge, stoking concerns of a prolonged political stalemate and triggering a slump in stocks and the currency.
Suspended Altice France Executive Denies Wrongdoing Amid Probe
(Bloomberg) — An Altice France executive who was suspended in relation to a Portuguese corruption probe involving some of the group’s most powerful figures has denied any wrongdoing.
Hong Kong’s New Crypto Regime Awards First Exchange License to HashKey
The first licenses under Hong Kong’s new crypto regime went to HashKey Exchange and OSL, legalizing the retail trading of tokens in the city as officials seek to foster a global hub for the digital-asset sector.
UK Retail Chain Wilko on the Brink of Insolvency After Hunt for Rescue Backer
Thousands of jobs are at risk at Wilko Ltd. after the British low-cost retailer signaled it was at risk of insolvency proceedings due to “mounting cash pressures.”
Trump Returns to Washington. This Time to Face Criminal Charges
Roads will be closed and barriers erected near the federal courthouse in Washington Thursday for Donald Trump’s return — this time as a criminal defendant.
BMW Boosts Electric Car Spending to Catch up With Tesla
BMW AG is stepping up spending on its electric-car rollout after the luxury-car maker’s battery-vehicle deliveries more than doubled during the first half of the year.
ECB’s Panetta Sees Rate Persistence as Important as Level
European Central Bank Executive Board member Fabio Panetta said maintaining interest rates at their peak is becoming as crucial as how high they’re lifted, though he didn’t rule out more hiking.
