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Merkel’s Huawei plan gets pushback from within her own ranks

Bloomberg Chancellor Angela Merkel’s efforts to rule out a ban on Huawei Technologies Co have hit a wall of resistance in parliament. While the UK and the European Union introduced policies that allow Huawei’s partial participation in next-generation wireless networks, Merkel has failed to forge a compromise with hard-line lawmakers in her Christian Democratic-led bloc who want to ban China’s ...

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Ford’s lending arm generates half the automaker’s profit

Bloomberg Aside from F-Series pickups hauling in gobs of profit, Ford Motor Co’s automotive business isn’t carrying much weight lately. Thank goodness for the finance guys. Ford Credit, the lending arm that’s become accustomed to propping up the company in good times and bad, now generates about half the automaker’s profit, up from 15% to 20% in the past. Ford ...

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UK manufacturing output avoids contraction

Bloomberg UK manufacturing output unexpectedly avoided a contraction for the first time since April at the start of 2020, providing further evidence that ebbing political uncertainty is supporting the economy. IHS Markit said its Purchasing Managers Index for the sector climbed to 50 in January, right at the level that separates contraction from expansion. That’s also an improvement from an ...

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