When the findings of a landmark UN report on biodiversity came out last week, the headlines ran the gamut from depressing to apocalyptic. One million species face extinction, readers were told. Almost a third of the world’s reef-forming coral species, more than a third of its marine mammals, and 40 percent of its amphibian species could die out. And that’s ...

It was the moment businesses exhaled and viewers switched the channel. On April 4, the UK parliament voted, by a margin of one, to ensure that the country wouldn’t leave the European Union (EU) without a deal. Brexit may or may not happen – but there would be no chaotic crashing out because parliament had vetoed it. Except, like a ...

By the looks of it, Toyota Motor Corp. is holding steady, even as other carmakers flail. But some caution is warranted. Toyota has consistently outperformed its rivals over the last year as the industry struggles with everything from technology adoption to tariffs. Its shares are down just 5 percent in the past year, compared with its peers’ average of almost ...

Five years ago, I wrote that Narendra Modi could be India’s Shinzo Abe. I couldn’t have been more wrong. The chief minister of Gujarat state had just been chosen by his party to become the next prime minister if it won the popular vote. Writing for Reuters then, I predicted he could lift the country’s drooping economy, just as Abe ...

Bloomberg US equity futures slipped on Wednesday alongside European stocks as the rebound in global shares struggled for momentum. Oil declined, while Treasuries advanced with German bonds. Contracts on the S&P 500, Dow and Nasdaq all swung from a gain to a loss, though Alibaba’s US-listed shares bucked the trend, rising in pre-market trading after beating estimates. The Stoxx Europe ...

Bloomberg China’s stocks rose, as traders speculated Beijing will consider more measures to support the economy after data showed weaker-than-expected growth in April. The CSI 300 Index jumped 2.3% at the close, though volume in the gauge was about 35% lower than the 30-day average at this time of day, signalling little conviction in the gains. The offshore yuan was ...

Bloomberg President Donald Trump called on the Federal Reserve to “match” what he said China would do to offset economic hardship being caused by tariffs as he sought to draft the US central bank into his simmering trade war. “China will be pumping money into their system and probably reducing interest rates, as always, in order to make up for ...

Bloomberg Federal Reserve officials are sticking with their pledge for patience on interest rates, shrugging off President Donald Trump’s escalating trade war and his pressure for a cut. New York Fed President John Williams and his Kansas City colleague Esther George, who vote on policy this year, acknowledged that new tariffs on Chinese imports could affect the outlook for US ...

Bloomberg ING Groep NV and UniCredit SpA are lining up advisers to explore a potential takeover of Commerzbank AG after the German lender’s talks with Deutsche Bank AG broke down last month, according to people familiar with the matter. The Dutch bank is working informally with boutique investment bank Perella Weinberg Partners, while the Italian lender is working with JPMorgan ...

Bloomberg The finance minister of Sweden wants her country’s central bank to take more factors into account than just inflation, when setting monetary policy. In Stockholm, Magdalena Andersson spoke in favour of having more explicit growth and employment targets for the Riksbank. They should be “clearer” goals in monetary policy, she said. Sweden’s central bank has been targeting inflation since ...