Right-wing populists like Italy’s Matteo Salvini and France’s Marine Le Pen love to bash the EU as an elitist project that’s out of touch with the general public. Le Pen dreams of abolishing the European Commission, which she considers undemocratic, while Salvini says “bureaucrats and bankers” control Europe. This is all largely grandstanding; both of these leaders have had to ...

After a long and arduous election, with months of campaigning and voting spread over seven phases, India’s 879 million voters have spoken. And, if not with one voice, then close to it. The Bharatiya Janata Party of Prime Minister Narendra Modi has been handed another historic mandate. Modi’s 2014 victory was already record-setting — the first time a single party ...

The abandoned merger between Deutsche Bank AG and Commerzbank AG is forcing the two lenders to reconsider their future strategies. Commerzbank, in particular, might be a tempting target for rivals across the continent who want to build their presence in Germany. If there were a suitable offer, German government – which owns 15.5% of Commerzbank – should be prepared to ...

Uber Technologies Inc. is many things: a ride-hailing company, a gig economy beneficiary, a symbol of Silicon Valley’s venture capital largess (and excesses), to name just a few. But Uber has yet another less-discussed identity that, in these early days after its public market debut, should figure significantly in your perception of its prospects. Through its Uber Eats food delivery ...

Bloomberg Amazon.com Inc is developing a voice-activated wearable device that can recognise human emotions. The wrist-worn gadget is described as a health and wellness product in internal documents reviewed by Bloomberg. It’s a collaboration between Lab126, the hardware development group behind Amazon’s Fire phone and Echo smart speaker, and the Alexa voice software team. Designed to work with a smartphone ...

Bloomberg Voice-recognition company Iflytek Co plunged following news it is on a list of Chinese technology firms that may face restrictions from the US. Iflytek, which says it controls over 70 percent of China’s speech technology market, slid as much as 8.2 percent in Shenzhen after people familiar with the matter said the US is considering curbs on the company, ...

Bloomberg Austrian aerospace supplier FACC AG, spun off from a maker of skis and tennis rackets 30 years ago, is about to reinvent itself again. The manufacturer of composite wing flaps and rudders for Airbus SE and Boeing Co is branching out to build flying taxis for Chinese technology startup EHang Inc, a market Chief Executive Officer Robert Machtlinger says ...

Bloomberg Nintendo Co remains bereft of a monster smartphone hit more than four years after a much-ballyhooed entry into mobile gaming. The wait may finally be over. Mario Kart Tour, scheduled to launch this summer, has had gamers in a tizzy since it was announced in early 2018. Not only is the franchise one of the best-known racing series in ...

Bloomberg For Loretta Mester, returning inflation to the US central bank’s 2 percent target requires restraint more than drastic action. In an interview with Bloomberg News, the president of the Federal Reserve Bank of Cleveland dismissed the notion that policy makers should cut interest rates to raise inflation. Instead, officials should simply be careful not to react too quickly when ...

Bloomberg US President Donald Trump doubled down on his fight to stop House Democrats from getting his financial records after losing two court battles this week, filing swift appeals in both cases. He asked a federal appeals court in New York to reverse an order allowing Democrats to go forward with subpoenas for records from Deutsche Bank AG and Capital ...