On its 20th birthday, the best that can be said of the euro — the European currency used by 19 countries — is that it has survived. Two decades after being introduced in 1999, it has not achieved its central goals: increasing economic growth and strengthening public support for European political institutions. In many ways, just the opposite has occurred. ...

It’s an ominous sign for investors. The first working day of 2019 was marked by a British commercial property company pausing its buyback program. Hammerson Plc had been repurchasing stock while simultaneously trying to reduce its borrowings. Now it turns out the developer can’t have its cake and eat it. The announcement sent Hammerson shares down as much as 4.8 ...

They told you so, Apple. Japan’s machinery makers gave Apple Inc. CEO Tim Cook a warning well in advance about what he didn’t seem to know: Chinese smartphone demand was plummeting. The iPhone maker blamed China for a cut in its revenue forecast, which sent fresh ripples through the company’s long chain of suppliers across Asia. Apple “did not foresee ...