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Bloomberg Europe’s job market is giving some hope to the region’s economic story, which has been dominated by a deepening slump in manufacturing that’s tipped Germany close to recession. Figures showed the euro-area unemployment rate fell to 7.4 percent in August, the lowest in over 11 years. Italy also reported an unexpected drop in its rate to 9.5 percent and ...

If you’re wondering why it matters that President Trump withheld military aid to Ukraine while he was requesting political favours from its new president, think about the Ukrainian soldiers who are fighting a nasty proxy war against Russian-backed separatists. America is Ukraine’s ally in this fight. Ukrainian commanders, battling to hold their country together against a five-year onslaught by Russia, ...

Commerzbank AG, Germany’s second-biggest publicly traded bank, has just unveiled a strategic overhaul that is supposed to secure its future as a standalone company. But even if everything goes well, its new “Commerzbank 5.0” plan foresees meager profitability at best. Weakened by fierce domestic competition, bloated costs and a squeeze on margins from negative central bank interest rates, Commerzbank explored ...

“Look away, I’m hideous!” Fresh off its costly deal for the exclusive streaming rights to the sitcom “Seinfeld,” shares of Netflix Inc. are officially in the red this year. That’s as HBO’s parent AT&T Inc., Walt Disney Co. and other old world media giants surge. A five-day losing streak sent Netflix’s 2019 shareholder return into negative territory last week, a ...

Amazon.com Inc.’s recent announcement that its operations will be carbon neutral by 2040 stands out for its sheer size. But Amazon is only one among dozens of companies that announced new carbon-intensity benchmarks at United Nations General Assembly. It’s hardly a new phenomenon. Eighty-one percent of S&P 500 companies had set emissions-reduction or energy-use targets by at least four years ...

Japan’s consumption-tax hike doesn’t look like it’s going to sink the economy, as a similar increase did five years ago. That’s the good news. The bad news is that the bump, to 10% from 8%, is still happening at an inauspicious time. While a recession isn’t in the cards for Japan, the last thing any major economy needs is a ...

WeWork just lost its CEO, its IPO is delayed indefinitely, prospectus details finally reveal massive losses, it’s burning cash like kerosene, and it needs to raise funds imminently. So, of course key backer SoftBank Group Corp. would throw in more money. Already a 29% shareholder of The We Co. – WeWork’s official name – SoftBank is discussing whether to increase ...

Amazon.com Inc. did something odd. It acknowledged that it is a huge and mighty company that must tackle head-on the uncomfortable questions about its power. At an event to roll out new or updated company devices, including limited-quantity eyeglass frames, a ring and wireless headphones all powered by its Alexa digital-voice assistant, a top Amazon executive said personal data privacy ...

Bloomberg US equity-index futures rose while stocks drifted in Europe and declined in Asia as investors struggled to interpret the latest developments in the trade rivalry between the world’s two largest economies. Treasuries and European bonds slipped. Contracts on the three main equity indexes all signalled a firm open in New York, and a dollar gauge inched higher after the ...

Bloomberg India stocks declined as concerns over fresh US-China tensions over investment flows outweighed the festival season tailwind. The S&P BSE Sensex fell 0.4 percent to 3,8667.33 at the 3:30 pm close in Mumbai. The NSE Nifty 50 Index dropped 0.3 percent. Global risks ranging from trade friction to the recent oil shock have the potential to mitigate positive local ...