Bloomberg Veteran Labour politician Peter Mandelson expects the UK to end up with only loose ties to the European Union after leaving the bloc. “It’s almost certain that we’re going to end up with some form of hard Brexit,” Mandelson, who served in the governments of former Prime Ministers Tony Blair and Gordon Brown, told Bloomberg Television at the New ...

Bloomberg President Donald Trump’s administration asked the US Supreme Court to let him end deportation protections for young undocumented immigrants, urging the justices to take the unusual step of bypassing federal appeals courts to get the case resolved by next summer. The three connected appeals challenge federal trial court decisions that are blocking Trump from abolishing the programme, started by ...

If China is such a powerhouse of intellectual-property (IP) theft, why doesn’t Beijing do it any better? Take the auto industry. This would seem a sector ripe for forced technology transfer, industrial espionage and all the other sharp practices causing such tension in China’s trade relationship with the US. China is the world’s biggest producer and consumer of vehicles, and ...

The way we eat is going to have to change — that is, if we are to preserve a livable climate on Earth. A new international study makes this clear. Over the next three decades, the food system’s impact on the environment stands to at least double if humanity carries on eating the way it does now. The negative effects ...

Masayoshi Son’s SoftBank Vision Fund has been described as a “big stack bully” because of its ability to throw money around at the poker table of venture capital funding. The fund doesn’t appear to have done any net new deals in the September quarter. According to data in its fiscal first-half filing, the fund had investments totaling $28.1 billion on ...

If Haruhiko Kuroda is starting to lay the groundwork to trim Japan’s huge stimulus, he’ll be looking over his shoulder at two things: the world outside and a deceased predecessor. The first issue for the Bank of Japan (BOJ) governor to watch is the international scene, which is getting tougher for central banks eyeing steps away from ultra-accommodation. Kuroda’s speech ...

Americans are not the only ones still unpacking the new US-Mexico-Canada Agreement (USMCA) trade deal that is due to replace Nafta. Two issues have received a great deal of attention in Canada — one which is misunderstood as a great concession by Canada and the other wrongly celebrated as an unequivocal victory. Both deserve a deeper look. Just recently, Canada’s ...

Money manager Steve Eisman famously predicted the 2007-2008 blowup of the mortgage debt bubble, one of the few to believe that such a “black swan” event was possible. A decade on, the “Big Short” star is back with a bearish bet against two unnamed British banks that he thinks would suffer from a no-deal Brexit. While this is hardly black ...

On my way to a conference in Ann Arbor, Michigan, last week, I took a little detour to Dearborn, to visit the Henry Ford Museum of Innovation. I wanted to see what a Model T’s gas tank looked like. The importance of the Model T, which the Ford Motor Co. began selling in 1908, is a familiar story. But there ...

Bloomberg There’s what you think you said. There’s what you actually said. And perhaps most importantly for the steward of the world’s largest economy, there’s what people heard. That’s a lesson that Federal Reserve Chairman Jerome Powell is learning the hard way as he seeks to steer the economy between the twin shoals of overheating and recession while being buffeted ...