President Trump has a credibility problem at a time when his confrontation with Iran is moving towards a dangerous test. “There is no capital in the bank” in terms of trust with major European and Asian allies, said one former senior defense official. “We’ve managed to isolate ourselves, rather than Iran. This is a strategy-free zone.” Adding to the sense ...

Mario Draghi has spent much of his time as president of the European Central Bank (ECB) fighting crises. So he hasn’t had much time to consider his legacy, even now that he’s less than five months away from retirement. Yet in his last appearance as president at the ECB’s yearly shindig in Portugal, Draghi was in reflective mood about what’s ...

Huawei Technologies Co. is braced for a fall. China’s premier telecommunications equipment and smartphone maker is preparing for a drop of 40% to 60% in overseas handset sales, Bloomberg News reported, citing people familiar with the situation. That’s quite a blow to the business, considering that consumer devices (mostly smartphones) accounted for 45% of the company’s revenue last year. But ...