The remainer side of the great Brexit divide might be tempted to feel a little smug right now. Things are finally looking up. It’s what lies around the corner that should scare them. There is almost no prospect of Britain leaving the European Union (EU) without a deal after last week’s dramatic parliamentary vote. Instead, Conservative Prime Minister Theresa May ...

Germany’s economic outlook resembles Winston Churchill’s description of Russia: a riddle wrapped in a mystery inside an enigma. Analysts are banging their heads over the contradictory data emanating from Europe’s largest economy after it narrowly escaped a recession at the end of last year. The question of how severe Germany’s slowdown really is matters for policy makers, especially for those ...

Is it possible to equitise human labour? For years people have talked about the idea of selling shares in one’s own talent, in the hope of attracting funds and assistance from others. Now it seems that this idea is happening at scale, through the Lambda School in California. The Lambda School teaches information technology skills online, and it charges zero ...

Bloomberg US equity futures and European shares edged down after President Donald Trump threatened new tariffs on goods produced in the EU. The dollar slipped while Treasuries nudged higher. Contracts on the Dow, S&P 500 and Nasdaq pointed to a weaker open and the Stoxx 600 Index erased an earlier gain as the European Union prepared retaliatory tariffs in response ...

Bloomberg Japan announced new currency note designs today, sending shares of several somewhat obscure companies soaring. Glory Ltd — a provider of cash sorting machines — rallied as much as 19 percent, the most in more than 11 years, after the Ministry of Finance said that it plans to circulate new bill designs by the first half of the fiscal ...

Bloomberg The Federal Reserve is proposing a new approach for overseeing foreign banks such as Deutsche Bank AG, Barclays Plc and Credit Suisse Group AG that’s expected to require some of them to hold bigger stockpiles of easy-to-sell assets to guard against losses. Fed board members voted 4-1 to seek comment on its plan for a new system that closely ...

Bloomberg President Donald Trump fired a fresh broadside at the Federal Reserve for raising interest rates last year, saying the economy is in good shape “despite the unnecessary and destructive actions” taken by the central bank. In a tweet, Trump added that trade agreements with China, Canada and Mexico are “moving along nicely, there is little or no Inflation, and ...

Bloomberg Societe Generale SA said it plans to cut about 1,600 jobs after a slump in trading revenue pushed Chief Executive Officer Frederic Oudea to intensify efforts to boost profit at the investment-banking unit. The reductions include close to 1,200 positions at the global banking and investor solutions division, which houses its trading activities, a trade union representing SocGen’s French ...

Bloomberg Deutsche Bank AG’s troubled trading arm will be a focus of European banking regulators when they decide whether to approve a potential takeover of rival Commerzbank AG, according to people familiar with the matter. Supervisors at the European Central Bank and national authorities want a clear idea of how much the combined entity will depend on the securities unit ...

Bloomberg The risk of a no-deal Brexit is now “alarmingly high,” according to Bank of England Governor Mark Carney, who described some claims about how the UK could manage such a situation as “absolute nonsense.” Leaving the European Union without an agreement has become the “default” outcome despite being opposed by Parliament, and could happen by accident, he said in ...