Brexit’s tab as banks leave for Europe: $1.2 trillion and counting
At least 440 banks and financial services firms are partly relocating from London to European cities.

Small businesses are an important part of local economies. As the pandemic ends, people and governments need to sustain their appreciation and support.

There’s one wrinkle when it comes to boosting small business: In general, they aren’t very efficient. At least on some metrics: Small businesses tend to pay their employees less, provide them less generous benefits, and offer fewer opportunities for advancement compared to larger enterprises.

(Bloomberg) -- EG Group, the gas-station operator owned by the Issa brothers, bought British fresh fast-food chain Leon Restaurants in the latest leg of its expansion drive.EG Group said it will invest in the Leon brand and develop its menu, with plans to open around 20 new sites per year from 2022. It also sees potential to market Leon’s products across its convenience retail stores. The deal valued the restaurant chain at 100 million pounds ($138 million) including debt, the Financial Times reported, citing people familiar with the transaction.“EG Group continues to identify innovative partnerships and acquisitions that complement our existing consumer offer and enable us to stay at the forefront of consumer trends, particularly in food service,” Mohsin and Zuber Issa, the company’s co-founders, said in a joint statement. “Our equity investment in Leon is to strengthen our own participation in the fast-growing contemporary food service segment.”The deal adds to the turbocharged expansion by EG Group, which has fueled its growth at breakneck speed in the debt markets since 2017. The Issa brothers also own U.K. supermarket chain Asda Group Ltd.EG Group pursued its first privately placed bond transaction earlier this year to raise funds for an acquisition spree. It acquired around 140 million pounds of loans from Swiss private equity firm Partners Group to finance a purchase of coffee chain Caffe Nero, the Telegraph newspaper reported, without indicating the source of the information.(Corrects ownership of Asda in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Now that the Royal Family has said farewell to Prince Philip, attention will turn to Queen Elizabeth II’s 95th birthday on Wednesday and, in coming months, the celebrations marking her 70 years on the throne. Then in 2017, he represented the queen at the annual Remembrance Day ceremony marking the end of World War I, laying the monarch’s wreath at the foot of the Cenotaph in London.

Former president gives first sit down interview with major news network since he left for Florida

Philippine President Rodrigo Duterte said on Monday he was prepared to send his military ships in the South China Sea to "stake a claim" over oil and mineral resources in the disputed part of the strategic waterway. With some critics complaining Duterte had gone soft by refusing to push Beijing to comply with an arbitration ruling, he said the public can be assured he would assert the country's claims to resources like oil and minerals in the South China Sea. Duterte has sought to build an alliance with China and has been reluctant to confront its leadership, having been promised billions of dollars of loans and investments, much of which have yet to materialise, frustrating nationalists.

Ben Higgins was also addicted to painkillers in the past, but didn't talk about it during his season of "The Bachelor."

The Ingenuity drone completes the first powered, controlled flight by an aircraft on another world.

McCarthy said he would file a resolution of his own just as Greene filed her resolution to "expel" Waters for "inciting Black Lives Matter terrorism."

PlayStation fans were furious that Sony had plans to close the PlayStation 3 and PlayStation Vita digital storefronts. Now, Sony's reversing course.

"Losing this many intelligence officers will reduce the amount of activity and capabilities of the Russians," said the central European official.

After Insider interviewed Abdullah Abdul-Gawad, whose digger helped free the Ever Given, the Suez Canal Authority said he got his overtime.

The Duke of Sussex will return to California without having a private meeting with his father, The Telegraph understands. Many family members had hoped the pair would take the opportunity to spend some time together alone, to air their differences face to face. But despite a 10,000-mile round trip, the Duke was either unable, or unwilling, to pin down the Prince of Wales, who is still coming to terms with the death of his father. While the Duke’s travel plans have not been disclosed, he is thought likely to return home to his pregnant wife, the Duchess of Sussex, 39, and their son Archie, who turns two next month, within the next day or two. The lack of any time spent with his father suggests that feelings over his Oprah Winfrey interview are still running high and the fallout remains raw.

Hilary Duff said that it's important to her to have an honest conversation with Luca about women and childbirth so he respects the women in his life.

The twin-rotor whirligig's debut on the Red Planet marked a 21st-century Wright Brothers moment for NASA, which said success could pave the way for new modes of exploration onMars and other destinations in the solar system, such as Venus and Saturn's moon Titan.A black-and-white photo taken by a downward-pointing onboard camera while the helicopter was aloft showed the distinct shadow cast by Ingenuity in the Martian sunlight onto the ground just below it.Mission managers at NASA's Jet Propulsion Laboratory near Los Angeles burst into applause and cheers as engineering data beamed back from Mars confirmed that the 4-pound solar-powered helicopter had performed its maiden 40-second flight precisely as planned three hours earlier.The robot rotorcraft was programmed to ascend 10 feet straight up, then hover and rotate in place over the Martian surface for half a minute before settling back down on its four legs.

Houston police say a deadly car crash involving a Tesla vehicle - was believed have been operating without a driver at the time of the incident on Saturday.The crash comes amid growing scrutiny over Tesla's semi-automated driving system following several recent accidents.According to local media reports, the 2019 Tesla Model S was moving at a high rate of speed when it failed to round a curve, speeding off the roadway, crashing into a tree and bursting into flames.Authorities say there was no one was in the driver's seat.After the fire was extinguished, authorities found one occupant in the front passenger seat, and one in the back.Tesla and the National Highway Traffic Safety Administration did not immediately respond to a request for comment.The U.S. auto safety agency said in March it has opened over two dozen investigations into crashes of Tesla vehicles, at least three of them recent.The latest accident could throw a wrench in Tesla's plans, as it prepares to launch its updated "full self-driving" software to more customers.In January, Tesla CEO Elon Musk said that he expects huge profits from the software, saying he was quote "highly confident the car will be able to drive itself… this year."

NASA’s experimental helicopter Ingenuity rose into the thin air above the dusty red surface of Mars on Monday, achieving the first powered flight by an aircraft on another planet. The triumph was hailed as a Wright brothers moment. The mini 4-pound (1.8-kilogram) copter even carried a bit of wing fabric from the Wright Flyer that made similar history at Kitty Hawk, North Carolina, in 1903.

Investigators later shot and killed male bear near site of mauling

An expert said it can be used to gain sympathy. However, it's allowed because, "by law, assault or aggravated assault with a weapon includes the attempt."

The Biden administration has told Russia there will be consequences if Navalny dies. The Putin critic has been on a hunger strike for weeks.