The euro zone has only recently recovered from a double-dip recession, but there are already questions about how prepared it would be for a new crisis. All eyes are on the European Central Bank (ECB), which has been the strongest line of defense against an economic slowdown. While pessimists worry that the ECB has few tools left if it needs ...

British Prime Minister Theresa May’s decision not to ban Huawei Technologies Co. outright was the easier choice. That doesn’t mean it was the right one. The US has been vociferously pushing for countries to exclude telecommunications equipment made by the Chinese firm, saying it’s vulnerable to hacking by state-sponsored actors from its home nation. But Huawei also has some of ...

For those who watch China closely, there has never been a more pivotal moment in the evolution of its economy and financial markets. More than 40 years since the start of its “Reform and Opening Up” process, and despite the volatility in US-China relations, China’s commitment to market reform remains. This year will likely see the improvement of market access ...

The grounding of Jet Airways India Ltd., the country’s oldest private-sector carrier, isn’t just bad news for customers and its 23,000 employees. It raises yet again a question that’s puzzled two successive governments and will continue to bedevil whichever party takes power after elections conclude next month: What’s killing capitalism in India? Jet was born in the early 1990s, when ...

Deutsche Bank AG’s decision to abandon an attempted takeover of Commerzbank AG makes sense, but it still leaves both sides scrambling for alternative solutions to the same problem of pathetic returns. After weeks of deliberations, the German behemoth concluded the benefits would not have offset the “additional execution risks, restructuring costs and capital requirements.” The rationale is hardly a surprise. ...

This shouldn’t be a surprising quality in one of the world’s most valuable companies, but it’s worth saying: Facebook Inc. is savvy. This company has a list of problems longer than a drugstore receipt. It’s a creepy data hoarder. It has botched efforts around the globe to stem violence or other abuses on its internet hangouts, and it was an ...

Bloomberg One of the most improbable ideas from Google’s eccentric co-founders — using high-altitude balloons to provide internet connections — is getting a boost from another unconventional technology mogul. An affiliate of Masayoshi Son’s telecom company SoftBank Corp is investing $125 million in Loon, a subsidiary of Google parent Alphabet Inc. The SoftBank unit and Loon will share technology and ...

Bloomberg US venture capitalists Sequoia Capital Operations LLC and Andreessen Horowitz are backing a tech startup that says it’s the world’s largest medical drone delivery service, sending 148 types of medicine to areas around Ghana. San Francisco-based Zipline International Inc struck a deal with the West African nation’s government to make on-demand deliveries of vaccines, blood products and other treatments, ...

Bloomberg An Amazon.com Inc team auditing Alexa users’ commands has access to location data and can, in some cases, easily find a customer’s home address, according to five employees familiar with the programme. The team, spread across three continents, transcribes, annotates and analyses a portion of the voice recordings picked up by Alexa. Team members with access to Alexa users’ ...

Bloomberg The birthplace of America’s auto industry and driving culture will soon have one of the world’s first plants making driverless cars. Alphabet Inc’s Waymo LLC has picked an idled American Axle & Manufacturing Holdings Inc facility in Detroit as the site where it will equip vehicles made by Fiat Chrysler Automobiles NV and Jaguar Land Rover Automotive Plc with ...