Wall Street’s worst first half in more than a decade for trading is turning out to be surprisingly less painful for some European firms: Credit Suisse Group AG and BNP Paribas SA managed to claw back some of the market share they had previously lost. But counting on a continued rebound could be a mistake. Switzerland’s second-biggest bank reported a ...

In 2014, the US led the effort by governments to blunt the world’s biggest outbreak of Ebola, which took more than 11,000 lives in West Africa before it was declared over in mid-2016. Now, a smaller but more complex outbreak rages in the Democratic Republic of Congo, and the US response has been shaped by indifference and bureaucratic haggling. The ...

Jerome Powell’s half-hearted rate cut incensed President Donald Trump, who immediately took to Twitter to say the chairman of the US Federal Reserve had “let us down”. Global equities sunk and the dollar strengthened as Powell chose to cut rates by a quarter- rather than a half-point and said this wasn’t the start of a “lengthy cutting cycle.” But the ...