Ursula von der Leyen has clinched the presidency of the European Commission with a razor-thin margin of nine votes. It’s a win for the national governments that backed her, a loss for the European Parliament that dreamed of putting forward one of its own — and a sign of some very tough tussles ahead for the 28-member bloc. When pulling ...

Heading into this earnings cycle for the biggest US banks, analysts were already plenty worried about net interest income, which is how much the firms make from customers’ loan payments compared with what they pay on deposits. After all, long-term interest rates have plummeted since the end of last year amid signs of slowing global growth and the Federal Reserve ...

It was similar to the maligned film director who says, “My movie isn’t bad, the audience just isn’t smart enough to understand it.” Except this time it was the chief executive of a $30 billion telecoms equipment firm talking about his quarterly earnings. Ericsson AB’s adjusted operating profit hit 3.9 billion kronor ($415 million) in the three months to June, ...