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Daimler’s list of excuses gets longer and longer

Is Daimler AG out to prove that carmakers are the ultimate value trap? Its second profit warning in fourth months felt like a capitulation. A kitchen sink would struggle to contain the list of excuses the German car and truck maker produced to explain the latest profit shortfall on October 19. Unspecified diesel issues, disappointing bus sales, and the potential ...

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Europe’s attacks on Google, big tech giants are backfiring

You have to hand it to Europe’s regulators. They rarely miss a chance to antagonize an American tech company, no matter what the cost to their own people. In a blog post, Alphabet Inc.’s Google announced that it will start charging phone-makers that want to pre-install some of its apps and services for devices sold in Europe. This was the ...

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Why China shouldn’t wait out trade feud with the US

A common refrain from some long-term China observers is that the government in Beijing can just wait out a significantly more confrontational US trade policy now that the initial shock is past. After all, the uncontested Asian powerhouse is on track to be the largest economy in the world. It also has a long tradition of government that shrewdly takes ...

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