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Today's Paper: Europe

Today's Paper Europe

Page One

Microsoft Sues Justice Department Over Secret Customer Data Searches A1

Microsoft filed a lawsuit against the Justice Department, challenging the government’s legal authority to bar tech companies from telling customers when their data has been examined by federal agents.

World

For U.K. Business, No Guarantees of Less Regulation Outside EU A2

The U.K.’s economic path after leaving the European Union would be critically shaped by the political decisions that follow, Stephen Fidler writes.

Opinion

Italian Banking Deform A10

Rome tries to avert consolidation and reform of small banks.

Business & Tech.

Burberry Profit Warning Piles Pressure on CEO Christopher Bailey B1

Burberry warned on profit for the current fiscal year and reported disappointing second-half sales, sending its shares plunging and highlighting the pressure on Chief Executive Christopher Bailey.

Money & Investing

Duration Risk: The Bomb Ticking Inside Today’s Bond Market B5

With global interest rates extraordinarily low and borrowers issuing ultralong debt, the risk of bond duration is shooting up.