Bloomberg Michael Bloomberg said that he agrees with President Donald Trump pressuring China on trade and talking to North Korea and that “a lot of criticisms of Donald Trump are not his policies, it’s the way he’s doing it.” Bloomberg said he agreed with Trump cracking down on China’s theft of intellectual property and other unfair trade practices, but he ...

The economic damage from the coronavirus epidemic has prompted calls for Europe to relax its fiscal rules to allow governments to cut taxes and increase spending. The European Commission seems to agree: Paolo Gentiloni, its economy tsar, has hinted that affected governments — such as Italy — may enjoy some budget “flexibility” to deal with the emergency. Granting more leeway ...

In times of coronavirus panic, even havens can be unreliable. Gold closed off February on a tarnished note, ending last week with its steepest daily decline since 2013. As financial markets panicked over the spread of the pneumonia-like illness, stocks tumbled and dragged gold and other precious metals lower. That’s a rare phenomenon for a metal that tends to shine ...

When Laxman Narasimhan cut the full-year outlook for Reckitt Benckiser Group Plc in October, the company’s new chief executive officer threw in everything but the kitchen sink. Last week, he said the operating margin would be much lower in the future and announcing a 5 billion-pound ($6.5 billion) writedown to the value of the Mead Johnson baby-formula business, which Reckitt ...

Both the Federal Reserve and the White House are considering emergency measures to combat the economic fallout from the coronavirus. These are the right responses, but they don’t go far enough. To be clear, the coronavirus is first and foremost a public-health threat. The full resources of the federal government should be marshalled against it. At the same time, the ...

A viral video of a man punching the back of a women’s reclined airline seat got Delta Air Lines Chief Executive Officer Ed Bastian’s attention. But he made things worse, when he asked flyers to be polite and check with the passengers behind them before hitting the recline button. This angered many people who have watched seats shrink over the ...

There hasn’t been a full-length runway built in southeast England, where London’s Heathrow airport is located, since World War Two. With a climate crisis raging, now is a bad moment to try. Europe’s largest airport hub makes do with two landing strips (Amsterdam’s Schiphol has six), and with 80 million passengers using them every year, they can’t handle any more. ...

If you ever wondered how much Sen. Bernie Sanders’ vast array of policy proposals would cost, we now have a reasonably good estimate from his own staff. The answer is about $50 trillion over the next decade. Sanders may or may not be a “democratic socialist” — whatever that means — but he clearly is a soak-the-rich radical who would ...

Bloomberg European stocks surged and US equity futures jumped as expectations grow that policy makers and governments will act to guard against the economic threat of the coronavirus. Treasuries were steady as the number of infections continued to grow. Futures on the S&P 500 Index had fluctuated at the start of the day after the underlying gauge climbed the most ...

Bloomberg As foreign investors exit Philippine equities at a record pace amid the sell-off brought on by the coronavirus, some domestic fund managers are scooping up blue-chip bargains. Local stock valuations have become too attractive to pass up, according to Helen Oleta, head of trading at Rizal Commercial Banking Corp, and Robert Ramos, chief investment officer at East West Banking ...