Bloomberg As the European Union forges closer ties with China, the bloc is also moving to calm concern that Chinese exporters will destroy EU-based industries ranging from steel to solar. The EU will retain the scope to impose hefty levies against Chinese businesses that sell goods below cost in Europe under a planned tariff overhaul, according to Salvatore Cicu, an ...

Bloomberg Toyota Motor Corp. has sold its stakes in Californian electric carmaker Tesla Motors Inc., a spokeswoman for Japan’s largest carmaker said. The sale marks the end of collaboration between the two companies for now, Toyota spokeswoman Akiko Kita said by phone. Toyota held 1.43 percent in Tesla as of July 2016, according to data compiled by Bloomberg. In 2010, ...

Bloomberg Congressional Democrats might abandon their calls for raising the nation’s debt limit without any conditions, with House and Senate party leaders now discussing whether to use their leverage to try to prevent Republicans from enacting tax cuts for wealthy Americans. House Minority Leader Nancy Pelosi signaled the shift, telling reporters that “we’re not there to raise the debt ceiling ...

When thinking about the abstract foreign policy framework known as the ‘liberal international order,’ it helps to personalize it by remembering the career of one of its strongest exponents, former national security adviser Zbigniew Brzezinski. Brzezinski, who died recently, devoted most of his career to explaining and enhancing this idea of a robust, supple, US-led architecture for global security and ...

In most countries, panic buttons are devices used by elderly folk who may need emergency care, or parents who want to keep tabs on wandering children and pets. But in Mexico, they’re part of the survival toolkit for journalists covering the drug war, corruption and other man-made miseries, enabling them to send a silent distress signal to authorities. Such is ...

President Donald Trump’s first appearances at the NATO and Group of Seven summits were a disservice to the US and the world. He betrayed no interest in maintaining America’s standing as the pre-eminent global leader, much less any aptitude for that task. The president is rattling the Western alliance in a way that can only delight its adversaries — Russia ...

Italy’s main political parties are edging closer to agreement on a new electoral law, which could pave the way for an early election in the autumn. In theory, this ought to be good news: Italy faces formidable economic challenges; a newly-elected government would have a fresh mandate to deal with them. In practice, however, a snap election is an unnecessary ...

For the first time ever, China is facing a dreaded prospect: the inverted bond yield curve. The phenomenon, in which long-term interest rates sink below short-term interest rates, has caused some consternation among market-watchers, who know it’s traditionally a harbinger of recession. The inversion suggests markets expect interest rates to fall eventually as monetary authorities move to stimulate economic activity. ...

Amazon helped kill bookstore chains, and now it’s becoming one. The company has been opening physical bookstores in cities like Seattle, San Diego and Chicago since 2015. Last week, it opened its seventh bookstore in an upscale mall in New York City. In an ironic twist, Amazon’s store is one floor up from a former Borders store, the bookstore outlet ...

Bitcoin has been on an unbelievable run. The cryptocurrency is up around 124 percent for 2017. And that’s after it gained 125 percent in 2016. In May alone, it’s up more than 60 percent. It’s hard to know what the long-term impact or performance will be, but one thing’s for sure — investors are swept up in cryptocurrency mania. One ...