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Bloomberg President Donald Trump’s barrage of tariff threats have left China’s Xi Jinping with a tricky balance to strike. He’s got to show he’s ready to retaliate against US trade threats while demonstrating China’s commitment to opening up. The Chinese president’s first chance to hit back in person comes in a speech at the Boao Forum for Asia— China’s answer ...

Bloomberg Samsung Electronics Co. reported a 58 percent surge in profit, topping projections as demand for its memory chips remained strong enough to outweigh concerns about display supplies to Apple Inc. Operating income rose to 15.6 trillion won ($14.7 billion) in the three months ended March, according to preliminary results released from the Suwon, South Korea-based company. That compares with ...

Bloomberg Indonesia’s economy may be cushioned by its huge domestic market as a trade dispute between the US and China poses risks to the global economic recovery, according to Finance Minister Sri Mulyani Indrawati. Southeast Asia’s largest economy relies less on exports compared with others in the region, with consumption accounting for more than half of gross domestic product, Indrawati ...

Bloomberg Foxconn Technology Group grew into the world’s largest electronics manufacturer for hire by churning out best-selling products such as iPhones, Kindles and PlayStations. Now, it’s deploying that power to bring cryptocurrencies to the masses. A subsidiary of Foxconn has agreed to help develop and produce a blockchain phone from Sirin Labs, according to the startup. The new device, called ...

LONDON / Reuters Britain’s financial watchdog said that firms offering services linked to cryptocurrency derivatives must meet all relevant rules in the regulator’s handbook or could face sanctions. The Financial Conduct Authority (FCA) does not currently regulate cryptocurrencies. But it said that dealing or arranging transactions in, advising on or providing other services related to derivatives referencing cryptocurrencies or tokens ...

LONDON / Reuters Britain recorded its strongest productivity growth in more than a decade in the second half of 2017, helped by a strong fourth quarter, but economists said the improvement was unlikely to prove a turning point for one of the economy’s key weak spots. Productivity growth in most advanced economies has been poor since the 2008 financial crisis ...

Bloomberg Revelations that data belonging to as many 87 million Facebook Inc. users and their friends may have been misused became a game changer in the world of data protection as regulators are looking to raise awareness about how to protect information. Elizabeth Denham, the UK privacy regulator leading the European investigations into how user data ended up in the ...

BERLIN / Reuters German industrial output fell by the most in more than two years in February and the sector is losing momentum, the Economy Ministry said, as factories in Europe’s largest economy throttle back in the face of the rising threat of protectionism. Output fell by 1.6 percent after rising by a revised 0.1 percent in January, data from ...

Bloomberg Apple Inc. said it has hired technology executive Jon McCormack as a vice president working on software. McCormack previously led software for HP Inc., according to his LinkedIn profile. Before that, he was an executive in Google’s Advanced Technology and Products group. He spent several years at Amazon.com Inc. as chief technology officer of the devices group and a ...

DUBAI / WAM The total of the Foreign Direct Investments (FDI) in the UAE increased to more than AED1 trillion by the end of 2016, an indication of economic robustness, the UAE Federal Competitiveness and Statistics Authority (FCSA) said. According to the outcomes of a survey conducted by the FCSA, in association with local statistics authorities in the country, the ...