In a way, the debt relief deal Greece has received as it exits its bailout makes good sense: It keeps the country on a tight leash, all but eliminating the possibility that it will go on a borrowing spree in the financial markets and misspend the money as it’s done before. On the other hand, the scheme gets superimposed uncomfortably ...

The US is waging a trade ‘discussion,’ not a war — that’s how Larry Kudlow, President Donald Trump’s economic adviser, put it earlier this month after his administration hit the European Union (and other allies) with tariffs on steel and aluminum. The direct impact was seen by some as minimal, given these exports account for 0.05 percent of the bloc’s ...

John Flannery has one less reason to keep General Electric Co. together. The 126-year-old company and last original member of the Dow Jones Industrial Average was dropped from the index last week and will be replaced with drugstore chain Walgreens Boots Alliance Inc. GE’s place on the benchmark index had been an open question for some time now as a ...

The largest US banks have just cleared the first hurdle of this year’s Federal Reserve stress tests, demonstrating that they have enough loss-absorbing capital to survive a hypothetical crisis. Now, investors are waiting to hear how much of that capital the banks will be allowed to pay out in the form of dividends and stock buybacks. They should be careful ...

US President Donald Trump rode to power declaring that China had twisted the world trading system out of shape — and plenty of people around the world murmured in agreement, if very quietly. The first shots in Trump’s trade war, however, have been indiscriminate. His steel and aluminium tariffs are the equivalent of firing into a curious crowd of onlookers. ...

No responsible investor should own Facebook Inc. shares, according to the head of sustainable investing at the biggest bank in the Nordic region. That’s an unjustifiable overreaction. Sasja Beslik, who runs Nordea Bank AB’s sustainable finance unit, made the call to divest this week after Cambridge Analytica used data from as many as 87 million users of the social network ...

UK Prime Minister Theresa May recently announced that the country’s crisis-ridden National Health Service (NHS) will receive an additional 20 billion pounds at today’s exchange rate by 2023. In normal times, that sort of decision might have followed a public discussion of how much the nation should spend on health care and where the money should come from. But this ...

Bloomberg When Apple Inc. introduced AirPods earbuds in 2016, chief designer Jony Ive hailed the beginning of a new “wireless future”. The company’s devices would connect and charge without fiddly white cords and unsightly plugs and sockets. The next step was wireless charging for the iPhone, the ability to drop Apple’s flagship product on a charging mat and juice it ...

Bloomberg Tesla Inc.’s CEO Elon Musk has called it “ mind-bogglingly stupid” and carmakers have gravitated away from it in recent years. Yet fuel-cell technology — the science behind hydrogen cars that emit only water vapour — is getting fresh impetus. Hyundai Motor Co. and Volkswagen AG’s Audi unit plan to team up on vehicle development and share patent licenses ...

Bloomberg Porsche bought a 10 percent stake in Rimac Automobili, a Croatian maker of electric supercars and components, as the German sports car brand looks to accelerate its shift into battery-powered vehicles. “Rimac has impressively demonstrated its credentials in the field of electromobility,” Lutz Meschke, finance chief for the unit of Volkswagen AG, said in a statement. “We feel that ...