Bloomberg Germany’s economy will grow by less than half the rate previously expected this year, and risks to outlook include global trade disputes and a disorderly Brexit, according to the nation’s five leading research institutes. The gross domestic product of Europe’s largest economy will expand by 0.8 percent in 2019, the institutes predicted in their latest outlook published in Berlin. ...

Bloomberg General Electric (GE) fell in pre-market trading on Monday after a key analyst at JPMorgan returned to a bearish view on the stock, reversing a December upgrade that had provided a major boost to positive sentiment. Steve Tusa downgraded the shares to underweight from neutral and trimmed his price target by $1 to a Street-low view of $5, a ...

Bloomberg Fiat Chrysler Automobiles NV is pooling its fleet with Tesla Inc. to comply with stricter European Union rules on carbon-dioxide emissions, in a deal that’s likely to pay the US electric-car leader hundreds of millions of dollars. Tightening EU regulations that kick in next year could cost Fiat 2 billion euros ($2.2 billion) in potential fines in each of ...

Bloomberg The Trump administration issued a stern warning to Libyan militia leader Khalifa Haftar to halt his forces’ advance on Tripoli, and urged all sides to continue with political negotiations. Secretary of State Michael Pompeo said in a statement that the US was “deeply concerned” about the warlord’s threat to the internationally recognised capital. He said the military campaign was ...

Bloomberg Prime Minister Narendra Modi’s ruling Bharatiya Janata Party pledged spend $1.44 trillion on infrastructure to boost the economy and raise living standards, in a bid to match its main rival’s populist promises. The BJP, which is seeking to retain power in elections starting April 11, released its manifesto in New Delhi, reiterating its pledge to double farmers’ income by ...

Bloomberg Donald Trump’s frustration over his inability to fulfill his signature 2016 campaign promise to curb illegal immigration led him to oust his second homeland security chief, as the president eyes his re-election prospects next year. Homeland Security Secretary Kirstjen Nielsen resigned at Trump’s request after a meeting with him at the White House residence, according to people familiar with ...

Bloomberg UK Prime Minister Theresa May is hoping to re-start stalled Brexit negotiations with her chief political rival Jeremy Corbyn, in her search for a compromise plan she can sell to European leaders at a crucial summit this week. May defended her decision to work with the main opposition Labour Party leader to help draft a new blueprint for leaving ...

Bloomberg Protesters maintained a sit-in outside Sudanese President Omar al-Bashir’s residence for a third day, urging the army to support their uprising against the long-time ruler as the North African nation’s political unrest entered a new stage. Security forces fired tear gas in a bid to disperse the thousands-strong crowds at military headquarters in the capital, Khartoum, where the 75-year-old ...

The key to crafting international agreements is making sure that all parties are able to declare victory. That seems to be at the heart of the emerging trade pact between the US and China. Beijing would have until 2025 to meet commitments on commodity purchases and would allow American companies to wholly own Chinese businesses, three people familiar with the ...

The global synchronised economy recovery has turned into a global synchronised economic downturn. The outlook seems to be getting bleaker by the day, and major central banks are hinting that they may need to keep monetary policies loose. The European Central Bank (ECB) has even suggested that it could start buying corporate bonds again. Let’s hope it doesn’t come to ...