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Trump receives trade setback as WTO ruling may foil US strategy

Trade key shows online buying and selling

Bloomberg The debate over whether the World Trade Organization (WTO) has the authority to rule on disputes involving countries’ national security was put to rest, setting up a battle with the US, which has asserted the Geneva-based body doesn’t have the standing to make such decisions. Russia and Ukraine said they won’t appeal a landmark trade decision in which the ...

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Germany cuts economic growth outlook to 0.5%

Bloomberg The German economy is turning into Europe’s underperformer, with the government now predicting 2019 will see the weakest expansion in six years. Amid slowing global momentum and concerns over Brexit and trade disputes, the economy ministry on Wednesday cut its estimate to 0.5 percent, half the pace previously forecast. It’s the latest in a series of downward revisions from ...

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T-Mobile CEO defends Sprint merger as opposition mounts

T mobile ceo defends sprint merger as opposition mounts

Bloomberg As fears grow that T-Mobile US Inc.’s Sprint Corp. merger will be quashed by regulators, Chief Executive Officer John Legere is leading a personal crusade to rescue the deal. The CEO, known for his straggly hair, magenta T-shirts and Twitter antics, has made frequent trips to Washington since the proposed combination was announced in April of 2018. And he’s ...

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