Bloomberg A global tariff tit-for-tat could boost China’s $12 trillion economy and hurt the US expansion, according to European Central Bank research. The conclusions challenge President Donald Trump’s assertions that trade wars are “good, and easy to win.” They also counter the argument that China has more to lose from a spat with its main trading partner because of its ...

Bloomberg Daimler AG accelerated a management transition, naming development head Ola Kallenius to replace CEO Dieter Zetsche ahead of schedule as the German carmaker confronts jarring changes in the automotive industry. Kallenius, the first non-German to take the helm of Daimler, will become CEO in 2019, Daimler said in a statement. The 49-year-old Swede was already the heir apparent to ...

Bloomberg Tesla Inc.’s human resources boss emailed with Chief Executive Officer Elon Musk about offering employees promotions that could prevent them from continuing their advocacy for unionisation. “I saw it as positive they get involved in something they were criticising,” Gaby Toledano, who joined Tesla as “chief people officer” in May 2017 testified in a National Labor Relations Board hearing ...