Telefonica Sells Private Jets, Becomes Less Mobile

Telefonica SA, the Spanish phone company whose net debt is bigger than its market value, plans to reduce its fleet of private jets as part of an effort to cut costs, two people familiar with the matter said.

Australia's Ciobo: Not Expecting a Trump Trade War
04:48 - Steven Ciobo, Australian Minister for Trade, Tourism and Investment, discusses Australian trade, the nation's relationship with China, and the prospect of a U.S.-China trade war. Bruce Kasman, chief economist at JPMorgan, joins the conversation on "Bloomberg Surveillance." (Source: Bloomberg)
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