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Bloomberg The European Union is preparing retaliatory tariffs against the US over subsidies to Boeing Co, significantly escalating transatlantic trade tensions hours after Washington vowed to hit the EU with duties over its support for Airbus SE. The two sets of planned punitive measures are the latest twists in a 14-year-old dispute that the US and EU have fought at …

Bloomberg Boeing Co’s plan to cut its 737 jetliner production by 19 percent this year is expected to have negative spillover effects across the aerospace industry, from parts suppliers to engine makers and even airlines. The planemaker said it would cut output to 42 airplanes a month by mid-April, as the company fights global criticism about the safety of its …

Bloomberg Debenhams Plc, the 241-year-old UK department-store chain that anchors many of the country’s troubled shopping streets, was taken over by lenders after rebuffing a last-minute offer from billionaire Mike Ashley. The retailer entered a form of UK insolvency proceedings that allowed US hedge funds and other lenders to take control. Stores employing about 26,000 people will continue to operate …

Bloomberg Consumer spending declined in March as concerns over Brexit and the late timing of the Easter holiday held back shoppers. Total retail sales decreased by 0.5 percent, compared to a 2.3 percent gain a year earlier when the holiday was in March, the British Retail Consortium and KPMG said. That’s below the three- and 12-month averages. On a like-for-like …

Bloomberg Burger King is the latest brand to spark criticism on social media with an ad depicting diners struggling to eat western food with chopsticks. The fast-food chain showed a video clip of diners trying to eat its new “Vietnamese Sweet Chilli Tendercrisp Burger” with large red chopsticks. Social media users say the ad, which was posted on Instagram, is …

Bloomberg Oil spiked to its highest level in five months as a drop in the US dollar and conflicts from Iran to Libya helped make the barrel look like an increasingly strong bet for investors. Crude futures rallied as much as 2.1 percent in New York on Monday. The dollar fell, improving the lure of commodities priced in the greenback. …

Bloomberg Saudi Aramco started the sale of its debut dollar bonds, drumming up an orderbook of about $40 billion, according to people familiar with the matter. The oil giant is offering six-tranche debt, according to people familiar with the matter. The world’s most profitable company is tapping the market ahead of a planned $69 billion acquisition. Demand for the most …

Bloomberg US stocks halted the longest rally since 2017 as investors awaited signs of progress in the trade war with China ahead of the latest corporate earnings season. Treasuries dropped, while West Texas crude hit a five-month high. The S&P 500 edged towards its first decline in eight sessions, as the post-Christmas rally stalled with the index about 1.5 percent …

Bloomberg Pound traders appear undaunted by the lack of Brexit clarity even with just days left for Britain to officially leave the European Union. The UK currency was up on Monday and a gauge of expected short-term sterling volatility is near a two-week low, showing there’s little panic even as the April 12 exit date draws closer. Investors are increasingly …

Bloomberg With his call for lower interest rates, President Donald Trump has weighed into a debate inside the Federal Reserve about what central bankers should do about sub-par inflation. It’s not totally crazy to think he’ll eventually carry the day. In advocating easier credit, Trump and senior economic adviser Larry Kudlow have harped on the paucity of inflation to justify …