It can always get worse for FedEx Corp. Back in June, I wrote that the parcel-delivery company had managed to fall out of a basement window when it issued fiscal 2020 guidance that fell well short of already depressed expectations. Two guidance cuts later, it seems we’ve sunk below the foundation and are in the dirt with the worms. The ...

China has made developing its own chip industry a matter of patriotic pride. It helps that “China chip” and “China heart” sound the same in the local language. The strain of this 1.7 trillion yuan ($243 billion) endeavour may be too much for the debt-clogged arteries of its municipal governments, though. Over the past decade, Beijing hasn’t hesitated to deploy ...

Bloomberg Mounting concern about carbon emissions may be altering travel habits in Europe’s largest economy as figures from German airports show a steady decline in passengers taking domestic flights. The number of people flying between German cities fell 12% in November from a year earlier, according to the ADV industry group, marking a fourth straight monthly drop and mirroring a ...