Bloomberg International Business Machines Corp. (IBM) reported a decline in revenue from the cloud-computing, artificial intelligence and cognitive software unit that the company is hanging its future on. IBM reported a 2 percent drop, to $5.0 billion, in sales from cloud and cognitive software, in the three months ended March 31. Cloud revenue alone grew 10 percent over the last ...

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 ...

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 ...