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Hours after a gunman opened fire on a concert in Las Vegas, President Donald Trump struck a somber tone as he addressed the nation—and the world—from the White House. Calling the shooting an “act of evil,” Trump pledged to visit the city on Wednesday. At least 50 people were killed and more than 400 injured in the worst shooting in U.S. history. The aftermath is sure to test Trump's leadership as the gun-control debate returns to the agenda. — Adam Blenford
Is this what democracy looks like? The independence referendum in Catalonia was bound to be messy: Spain's government declared it illegal in advance and took strong steps to block the vote. That led to a day of violence that injured hundreds of people and drew international condemnation. Unofficial results showed 90 percent of voters supported seceding from Spain, and Catalan leaders said they might issue a unilateral declaration of independence as soon as this week. Spanish Prime Minister Mariano Rajoy said the ballot was illegitimate and vowed to double down on the breakaway region. How far can the rebellion go?
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Banks and Brexit. As banks prepare to move hundreds, if not thousands, of employees out of the U.K., they're finding the bills could reach $500 million. Costs are climbing as banks find it difficult to persuade Londoners to move abroad. A shortage of experienced bankers in Dublin, Paris and Frankfurt could force firms to resort to costly relocation packages that include housing, private schools and other perks.
Packaged tours. U.K. carrier Monarch filed for insolvency, Britain's biggest-ever airline collapse, leaving the government to arrange for 110,000 tourists to return home. Monarch was put under administration and its license suspended. It's the third failure of a major European operator in five months, following bankruptcy filings by Alitalia and Air Berlin.
Electric car blitz. By the end of the year, electric-car maker Tesla will have burned through more than $10 billion in capital, and now companies around the world are lining up to compete with it. By 2022, almost 50 new electric car models will come to market, including vehicles from Daimler and Volkswagen. Regulators are pushing electric cars, and it doesn't hurt that Tesla CEO Elon Musk has captured the imagination of of consumers and investors.
Making nice. A few years ago, Google regularly traded barbs with major news publishers in public. Today, Google is rewiring its search engine to appease them. The company will drop its controversial “first-click free” program and won't demote paywalled news sites in search results. It also promises to give publishers new tools to attract paying customers.
More stars. Michelin & Cie announced its annual restaurant rankings for the U.K. today, and a total of 19 establishments joined the exclusive group holding one or more stars. Japanese restaurant Araki, which seats only nine diners at a time and serves a single £300 ($398) sushi menu on Monday, became only the fifth establishment in the U.K. to hold three Michelin stars. Claude Bosi at Bibendum, a new London restaurant, was awarded two stars, taking that cohort's total to 20.
Compiled by Andy Reinhardt and Leila Taha
To contact the editor responsible for this story: Andy Reinhardt at areinhardt2@bloomberg.net, Leila Taha
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