Spare a thought for Luigi Di Maio and Matteo Salvini. Italy’s youthful deputy prime ministers have little idea of how they will cobble together a budget for next year. The two leaders of the ruling Five Star and League parties must try to stick by their expensive promises to voters, while not upsetting Italy’s euro zone allies and the financial ...

Twin moves by the White House and Commerce Department have made clear where the US stands on Chinese technology, specifically Huawei Technologies Co. The message to US companies seeking to buy products from the telecom-equipment vendor is unambiguous: Don’t even think about it. The message to Huawei, meanwhile, is: Don’t push us. In his executive order, President Donald Trump summarised ...

Global stocks rebounded on optimism that maybe cooler heads will prevail before the trade wars get out of hand. That optimism is likely to be short-lived. Investors should not only expect to be buffeted repeatedly by tit-for-tat measures by the US and China, but by global trade disputes on two other major fronts. Such pessimism on the part of investors ...