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Maersk forecast misses estimates as trade tensions roil shipping

Bloomberg A.P. Moller-Maersk A/S, the world’s biggest shipping line, forecast 2019 profit below analysts’ estimates and said trade disputes are dimming the outlook for world economic growth. Shares plunged. Maersk said that Ebitda, a measure of operating profit, will be around $4 billion for the year, compared with an average estimate of $4.77 billion in a Bloomberg survey of analysts. ...

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How US might stay in Syria, and leave at the same time

Is there a way for the United States and its allies to remain in northeastern Syria, even after President Trump’s pledged withdrawal of US military forces there? Officials are struggling to devise such a “workaround” strategy, but it could carry more risks than keeping the existing advisory force. The loudest public call for an alternative to withdrawal from Syria is ...

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Bad banks do hurt your economy

Since taking over as the main supervisor of the euro zone’s largest lenders, the European Central Bank (ECB) has waged a war against sickly lenders. The regulator has forced banks to be more open about value of exposures sitting on their books, and urged them to write down bad loans faster. All this should not only bolster financial stability, it ...

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