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Trump hails Japan ties in visit papering over cracks with ally

Bloomberg President Donald Trump rallied US and Japanese troops to wrap up a four-day state visit that focused more on pageantry than resolving deep differences on trade between the long-standing allies. On a trip where no major agreement was reached, Trump’s statements were persistently at odds with the Japanese. He said he’s aiming to reach a trade deal by August, ...

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France pushing for Brexit negotiator Michel Barnier as commission head

Bloomberg President Emmanuel Macron will push chief Brexit negotiator Michel Barnier as his choice to lead the European Commission, a senior French official said, as European leaders meet in Brussels to begin the jostling to fill the bloc’s leadership spots. The official said on condition of anonymity that the French leader first wants to agree on the commission president before ...

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Europe court deals a blow to Catalan secessionists

Bloomberg The European Court of Human Rights delivered a blow to the Catalan secessionist movement, ruling that in 2017 Spanish judges legally suspended a regional parliamentary session in the wake of a controversial independence vote. The complaint brought by 76 people living in Barcelona was “manifestly ill-founded” and the Spanish judges’ move was legal, the Strasbourg, France-based human rights court ...

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Tech cold war will force global leaders to choose

The US-China tech cold war is about to spread, and that will force leaders to make some difficult decisions. I wrote last week that a digital Iron Curtain had been drawn when President Donald Trump moved to isolate Huawei Technologies Co. Within a week, global corporations were caught in this divide. Alphabet Inc.’s Google said it would cease some ties ...

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Why are wage gains so weak?

After correcting for inflation, wage gains remain sluggish. In April, average weekly earnings for nonsupervisory workers were up 3% from a year earlier, to $785.55. Meanwhile, prices as measured by the consumer price index were up 2%. Considering that the economy has been expanding for nearly a full decade, this is perplexing, even allowing that wages are growing faster at ...

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Italy is the canary in the ECB’s coalmine

It’s become depressingly familiar to watch Italian government bonds yields push higher, with the spread over German bunds getting close again this week to its widest point of the year. For that, you can thank more political posturing by the country’s populist leaders ahead of the May 23 European elections. Matteo Salvini, leader of the League and deputy prime minister, ...

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What Britain needs from its next PM

Theresa May’s departure as Britain’s prime minister won’t heal the country’s divisions or end its Brexit nightmare. This drawn-out crisis is so far from being resolved, her successor might soon regret winning the top job. But the task isn’t hopeless, and the right kind of leadership could move Britain and the European Union to a better outcome. The main contenders ...

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Modi’s win is a populist warning to the world

It’s a terrible feeling to discover that your country is full of strangers. For some in India, the election of Narendra Modi in 2014, with a majority that India hadn’t seen in three decades, was that moment. Everyone knew there was discontent with the status quo; everyone knew that Modi was doing well, better than anyone had expected before he ...

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Amazon-Deliveroo alliance would eat Uber for dinner

Amazon.com Inc. and British food delivery startup Deliveroo make in some ways cosier bedfellows than Uber Technologies Inc. does with its own competing service, Uber Eats. The US e-commerce giant led a $575 million financing round in London-based Deliveroo. One can’t help but wonder whether the investment is an amuse-bouche for a broader tie-up, a chance for Amazon to get ...

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BMW looks for the ultimate driving machine

Norbert Reithofer chose a good moment to step down as BMW’s chief executive (he’s now the supervisory board chairman, a less high-profile role). When Reithofer made way for Harald Krueger in May 2015, the US Environmental Protection Agency hadn’t yet publicly accused Volkswagen AG of cheating on diesel emissions, which would imperil an entire technology. That same year Trump announced ...

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