Bloomberg Apple Inc.’s results confirmed that, while the days of double-digit smartphone industry growth are over, Chief Executive Officer Tim Cook has a plan to withstand the slowdown. The shares gained after the company reported iPhone sales in line with analysts’ expectations, gave a bullish revenue forecast and highlighted a surging services business. The numbers show that Cook’s strategy of ...

Bloomberg Euro-area economic growth slowed in the first quarter, posing a challenge for the European Central Bank as it contemplates paring back monetary stimulus measures. The 0.4 percent expansion was the weakest in six quarters and followed a reading of 0.7 percent at the end of 2017. While temporary factors such as bad weather played a part, another report showed ...

Bloomberg Just when it looked like things couldn’t get any worse for the pound, political risks are back on the market’s radar. Sterling is vulnerable to Thursday’s local elections in England, the resurgence of Brexit uncertainties and the resignation of one of Prime Minister Theresa May’s key pro-European allies in government, according to strategists. The currency made a feeble recovery ...