Bloomberg The prospect of a trade war between China and the US elicits frequent warnings of the risk to the global economy. India sees it somewhat differently. Senior officials in Prime Minister Narendra Modi’s party say India stands to benefit from the tensions. President Xi Jinping will need India’s huge market as President Donald Trump threatens punitive measures against ...

  Bloomberg Toshiba Corp. has narrowed the number of bidders for its semiconductor business from about 10 interested parties to a smaller group that includes Taiwan’s Hon Hai Precision Industry Co. and Korea’s SK Hynix Inc., according to people familiar with the matter. The other remaining contenders include private equity firm Silver Lake Management and chipmaker Broadcom, which are collaborating ...

  Bloomberg The US dairy industry is appealing to President Donald Trump for help after Canadian companies halted some imports, exacerbating a glut of milk on the American side of the border and forcing one of the country’s biggest butter producers to scrap supply contracts with farmers. Some US dairy companies say that in the past week, they’ve lost all ...

  Bloomberg Twitter Inc. is dropping its free-speech lawsuit against the Trump administration over the government’s effort to unmask users critical of the president’s policies. Twitter said in a court filing, a day after it filed the case, that the US had withdrawn its summons to learn the identity of one of the so-called ALT handles purported to be the ...

  America’s Congress is quietly becoming a European-style parliament — and the transformation isn’t for the good. Congress is fanning, not defusing, conflict. Although I have written about this before, the issue is worth revisiting, because its significance is underappreciated and it helps explain the brutal bitterness of today’s politics. Witness the acrimonious debate over Supreme Court nominee Neil Gorsuch ...

  Amazon is taking over the world. And paradoxically that may hurt Amazon’s ability to take over the world. It’s been clear for a while that Amazon’s ambitions know few bounds. Sure, Amazon is a global shopping mall. But it’s also making its own household products like baby wipes and batteries, becoming a silent giant in advertising, opening its own ...

  Representative Devin Nunes’ decision to recuse himself from leading the congressional investigation into Russian meddling in the U.S. presidential election is as surprising as it is welcome. His erratic behavior, much of which appeared intended to protect President Donald Trump and his top aides from scrutiny, had compromised the integrity of the probe before it even got off the ...

  What the drowning of Aylan Kurdi, the refugee toddler whose death drew an outpouring of sympathy around the world, failed to do, harrowing images of beautiful babies gasping for breath surrounded by dead bodies have done. The images brought about Trump’s change of heart on Syria. But it is too late. The protracted Syrian civil war has already killed ...

  Economists have long argued that the gross domestic product has many flaws as a measure of well-being and policy success. Yet there’s a good reason it’s still being used: There’s a certain magic to it, despite its science being somewhat iffy. Recently, the National Bureau of Economic Research published a paper by Harvard economist Martin Feldstein detailing an argument ...

  The Norwegian government is resisting calls for its $873 billion sovereign wealth fund, the world’s biggest, to add unlisted infrastructure projects to its portfolio of stocks, bonds and real estate. It should relent, recognizing both the financial and societal benefits from expanding the universe of potential investments available to the fund. Last week, the Conservative-led government rebuffed a second ...