Bloomberg Business

It may be now or never for the UK to repair its battered relationship with the world’s second-largest economy.

Direct Line named Adam Winslow as chief executive officer, ending a months-long search. Penny James resigned as CEO in January after the motor insurer scrapped its final dividend amid ballooning claims. Car insurance is one of the starkest examples of cost inflation in the UK — and experts say the industry faces an overall loss for the year before possibly returning to profitability in 2024.

Lego A/S is putting its money on China’s expanding middle class, the world’s biggest, shrugging off short-term economic woes in the Asian nation.

A Pakistan’s special court handed over former Prime Minister Imran Khan to police for at least 14 days for a probe into his alleged leaking a diplomatic cable when in power.

One of the Bank of Japan’s leading advocates for unwinding monetary stimulus indicated the central bank might attain its long sought-after goal of reaching 2% inflation by early next year, a development that he said could pave the way for an interest rate increase.

The West should make a “deal” with Russian President Vladimir Putin on Ukraine’s new security architecture, which shouldn’t include the return of Crimea nor membership in the NATO military alliance, according to Hungarian Prime Minister Viktor Orban.

Soldiers seized power in OPEC member Gabon, four days after the central African nation held presidential elections.

The surprise launch of a sophisticated $900-plus Huawei Technologies Co. smartphone has captivated China’s technology industry, inspiring hopes that the country’s biggest firms can overcome US sanctions seemingly designed to thwart their ascendancy.

The European Commission’s proposed quota for herring catches for 2024 in the Baltic Sea represents a fatal blow to fishing in Finland’s waters, according to fishermen in the northernmost European Union country.