When Mike Ashley offers you a lifeline, it’s worth taking. That is the message from Debenhams Plc’s profit warning. The department store chain said it would no longer meet the estimate it published less than two months ago for full-year pre-tax profit of 8 million pounds ($10.5 million). It did not specify a new target. The market capitalisation says everything ...

The European Central Bank (ECB) surprised financial markets with moves to loosen monetary policy. The prospects for growth in the euro zone have dimmed lately, and policy was going to be tweaked at some point unless things picked up. But a change wasn’t expected so soon. ECB President Mario Draghi and his colleagues are apparently worried. They have reason to ...

Trade talks between the US and China seem to be hurtling towards a predictable conclusion — the signing of a shallow deal that doesn’t solve the real issues dividing the world’s two largest economies. The coup de grace will likely come later this month in another high-profile summit between presidents Donald Trump and Xi Jinping. It’s time to admit the ...