Bloomberg The conflict between Poland and the European Union over democratic principles escalated overnight as the bloc’s highest official in Warsaw was summoned to the Foreign Ministry. Following an “unacceptable comment” by EU Commission spokesman Christian Wigand, the head of the commission’s office in the country was summoned to a meeting at the Polish Foreign Ministry, Deputy Foreign Minister Pawel ...

Bloomberg European Central Bank (ECB) president Christine Lagarde warned investors not to assume that current monetary policy is locked in for the foreseeable future just because officials are focused on reviewing their strategy. “To those who think it’s on autopilot, that’s ridiculous,” she said in a Bloomberg Television interview at the World Economic Forum in Davos, Switzerland. “Let’s look at ...

Bloomberg American Express Co has high hopes for 2020, predicting earnings that surpassed many analysts’ expectations and prospects for “more rational” competition from its biggest rivals. After sweetening the bonuses on some of its most popular products, including the Green card, AmEx said overall rewards costs climbed 8% to $2.72 billion during the fourth quarter. That was less than the ...