Anti-Brexit campaigner and many European leaders had warned Britain of huge economic loss after it quits EU. But the other side of the coin is that even European Union will lose on multiple fronts due to Brexit. EU would not just be losing a vital component, but also one of its richest countries, with its biggest defense budget and ...

  Losing 4.3 billion barrels of reserves could be just what Exxon Mobil Corp. needed. There’s no denying that having almost one in five barrels of oil equivalent of your proved reserves slip off the books, as Exxon announced this week, isn’t the company’s finest hour. Coming just after Exxon took a $2 billion asset impairment, it looks like newly ...

  JPMorgan Chase & Co.’s market value has surged by about 60 percent in the past 12 months to $326 billion, making it the largest U.S. lender by that measure. But when executives, shareholders and analysts gather for the bank’s investor day next week, they may have other yardsticks on their minds. The New York-based bank has yet to meet ...

  This should be a good time to be an American Internet company in Taiwan. The new president, Tsai Ing-wen, has pledged to build an Asian Silicon Valley on the island. And the new American president, Donald Trump has threatened a trade war with Taiwan’s rival in mainland China. The stars would appear to be aligned. So it’s surprising that ...

  Bloomberg Korean Air Lines Co. is in talks with Delta Air Lines Inc. for a joint venture in a move that would give the second-largest US carrier a bigger foothold in Asia where rising incomes are fueling a boom in air travel. Details of the partnership would be disclosed later, the Asian airline’s President Walter Cho told reporters at ...

  Bloomberg Britain’s biggest discount-clothing chain expects the effects of June’s Brexit vote to start feeding through to apparel prices later this year, though it won’t be the first to act. The owner of the Primark chain made the prediction on Monday as it reported an increase in UK same-store sales for the first half of the financial year. “Pricing ...

  Bloomberg Huawei Consumer Business Group launched the new HUAWEI P10 and HUAWEI P10 Plus. The highly-anticipated additions to the P series feature a combination of beautiful hardware and the latest advances in software technology. Additionally, the new smartphones feature striking new colors and finishes, and introduce new Leica front and rear cameras with cutting-edge portrait features to make every ...

  Bloomberg Boeing Co. plans to open its first ever European factory in Sheffield, northern England — delivering a vote of confidence in the U.K.’s manufacturing capabilities as the country prepares to exit the European Union. The 20 million-pound ($25 million) facility will supply parts for Boeing’s 737 short-haul workhorse and the 777 wide-body, specializing in actuation systems that extend ...

  Bloomberg Boeing Co.’s 787 Dreamliner has acquitted itself nicely in opening smaller destinations to nonstop international service. Think London-Austin, Texas, Tokyo-San Jose, California, and even Shanghai-Tijuana. Norwegian Air International Ltd., no stranger to going where others won’t, is about to try this strategy with a new, smaller Boeing jet: the 737 Max. Norwegian, which has the honour of being ...

  Bloomberg Five months after introducing its digital assistant, Google is sharing the feature with Android partners, hoping the service can boost its odds to win customers from Apple Inc.’s iPhone. Alphabet Inc.’s Google is making its intelligent assistant — a service that answers queries, plays music and completes tasks — available for smartphones using the two newest vers- ions ...