As 20 finalist cities in the US compete for the right to host Amazon’s second headquarters, Google has had to drop plans for a campus in Berlin after the project was rejected by residents and the leftist city government proved unenthusiastic. There are two ways of looking at this: It confirms a lasting US advantage over Europe when it comes ...

Bloomberg The Bank of Japan stayed the course on monetary stimulus while confirming in updated forecasts that it won’t meet its inflation target for years to come. The central bank left its policy interest rates and asset-purchase targets unchanged, while forecasting that inflation will remain below its 2 percent target until at least early 2021. This will leave it even ...

Bloomberg The European Central Bank won’t make much progress raising interest rates because it’ll tighten just as the US economy slows, predicts Pacific Investment Management Co.’s Andrew Bosomworth. “I don’t think Europe will get very far above zero,” Bosomworth, a managing director at Pimco, said in an interview in Frankfurt this week. “There’ll be a very short window in which ...