Ten months ago, I warned that storm clouds were brewing over the global technology industry. The situation today is much worse. Back then, a US-China trade war was more risk than reality, Apple Inc.’s pending iPhone update held promise, and central banks were still in tightening mode. Yet inventories at the end of June 2018 had climbed to the highest ...

When Volkswagen AG admitted rigging diesel emission tests in September 2015, its German rival Daimler AG sounded pretty dismissive in defending the compliance of its own Mercedes-Benz vehicles. “We categorically deny the accusation of manipulating emission tests regarding our vehicles,” the luxury car giant said. If Daimler shareholders concluded from that statement that the company wouldn’t have to recall any ...

Mario Draghi has worked nothing short of monetary miracles over his eight-year term as European Central Bank (ECB) President through a sequence of unconventional policy interventions. As we count down the days to Draghi’s departure, expectations are building once again that he will be able to pull one final rabbit out of the hat. Whether long-term loans to banks, a ...