The European Union’s satellite navigation system, Galileo, has been down since July 11. The outage, the longest-ever of such a service, highlights how difficult it will be to wean the world off its dependence on the US, Russian and Chinese militaries for critical (and lucrative) navigation services. At the time of writing, Galileo’s 24 satellites were listed as “not usable” ...

Bloomberg US equity futures drifted with European stocks as a mixed bag of corporate earnings gave traders food for thought amid fresh trade tensions. Treasuries yields edged lower and European government bonds climbed. Contracts on the S&P 500, Dow Jones and Nasdaq gave up some their early gains after Bank of America’s net interest income fell short of analysts’ expectations, ...

Bloomberg Nigeria’s benchmark stock index fell for a fifth day, a slump that underscores foreign investor frustration over a lack of policy progress since President Muhammadu Buhari won re-election in February. The index dropped 0.5 percent by earlier close to the lowest since May 2017. It has declined 13 percent in the five months since Buhari, who is still to ...