For much of the past two and a half years, the UK has had the luxury of negotiating the terms of its departure from the European Union under little pressure from the financial markets. The new prime minister Boris Johnson could soon come to pine for those calmer days. Sterling fell by more than 1.3 percent to $1.22, hitting its ...

German courts, regulators and legislators are deeply suspicious of Big Tech’s business practices. Yet it’s hard to shake the feeling that, when they intervene to fix them, they only skim the surface of what’s wrong with the internet majors. That’s not necessarily wrong, either. Take, for example, Facebook’s practice of collecting data from third-party websites that have embedded the social ...

Tesla Inc. refers to its most head-snapping level of acceleration as “ludicrous” mode. What the company needs, though, is escape velocity. And what it needs to escape are its operating costs. The company didn’t manage to turn a profit despite record vehicle deliveries in its last quarter. As cheaper Model 3s account for a bigger proportion of sales, bringing down ...

European nations, alarmed by Iran’s capture of a British oil tanker, are mounting a response to protect their commercial shipping in the Strait of Hormuz and Persian Gulf. The Royal Navy has started to escort British ships, and a plan for a European naval mission has been endorsed by Denmark, France and Italy. It’s a promising start. But effectively curbing ...

Having reportedly agreed on a short list of candidates to replace Christine Lagarde as managing director of International Monetary Fund, European governments are set to announce their nominee by the end of this week. What they should be doing instead is support merit-based nomination of candidates from both inside and outside Europe, as well as a better due diligence process. ...

The slowdown that began among India’s shadow banks is spreading. Sectors that had come to depend on credit from what in India are called non-banking financial companies (NBFCs) are posting awful numbers. Insurance is slowing and real estate is troubled. The automobile sector — which contributes half of India’s manufacturing output — is shrinking as stressed shadow banks prioritise survival ...

Twenty-five years ago, as a young physicist, I worked on research linked to fusion energy. Nuclear fusion powers sun and stars through reactions that turn hydrogen nuclei into helium nuclei, and if we could master the process on Earth, we’d have a safe and virtually limitless source of clean energy. At conferences every year, scientists from around the world gathered ...

Bloomberg US stocks edged higher as strong earnings and a continuation of trade talks helped ease investor concerns. Treasuries rose ahead of the Federal Reserve’s rate decision. The S&P 500 advanced for the first time in three days, fuelled in large part by Apple Inc after the company lifted its forecast. Sentiment also got a boost after US and Chinese ...

Bloomberg Key Indian equities indexes capped their worst decline for the month of July in 17 years, even as shares eked out gains on Wednesday. The benchmark S&P BSE Sensex climbed 0.2 percent to 37,481.12 in Mumbai, easing its decline this month to 4.9 percent. The NSE Nifty 50 Index gained 0.3 percent to 11,118.00 and is down 5.7 percent ...

Bloomberg Traders at Credit Suisse Group AG and BNP Paribas SA broke some of the gloom in European banking, beating most of their Wall Street peers in the second quarter of 2019. The results represent a rare bright spot for institutions contending with a deteriorating economy and huge job cuts, including the 18,000 positions that Deutsche Bank AG expe-cts to ...