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Bloomberg Inflation in the euro area unexpectedly slowed in March and a core measure of prices fell to the lowest in almost a year, underscoring the case for more European Central Bank stimulus. The report, showing a headline rate of 1.4 percent and a gauge stripping out volatile components at 0.8 percent, puts the ECB further away from reaching its ...

Bloomberg Italy must more than double its capacity to store electricity if it wants to slash pollution from burning fossil fuels, the head of the nation’s power transmission network said. Terna SpA Chief Executive Officer Luigi Ferraris said Italy may need as many as 6 gigawatts of storage by 2030 to balance a boom in renewables. Storage is one of ...

The real reason that Stephen Moore does not belong on the Federal Reserve Board is not that he is unqualified for the job, though he is. Nor is it that he has been a highly partisan and divisive figure for many years, though he has been. The real reason is that, if he’s confirmed by the Senate, Moore could become ...

There’s plenty of bad debt to go around for investors in distressed assets in China. The question is how to extract value from them. For years, Chinese banks shoveled nonperforming loans to asset managers set up by the government, which sought to get back what they could while warehousing what was irrecoverable. Now, as commercial lenders try to shift record ...

Huawei Technologies Co.’s telecommunications equipment isn’t just vulnerable to Chinese state hacking. It’s susceptible to attacks from plenty of others besides. That was a key finding in the annual report from Britain’s Huawei Cyber Security Evaluation Centre Oversight Board, the body that ensures gear from the Chinese firm in the nation’s telecommunications network is up to scratch. These findings are ...

Prime Minister Theresa May’s failed attempt last week– her third – to get her Withdrawal Agreement through Parliament pushed sterling to its lowest level for three weeks. But take a step back and the currency is not only still stuck in the same narrow range it has occupied for nearly three years, it has barely budged for the last 12 ...

The European Union (EU) is close to outlawing some single-use plastic products, such as cutlery, straws, coffee stirrers and cotton swab sticks – but the measures are too narrow and too lenient towards producers to have a meaningful benefit for the environment. The EU, as one of the biggest producers and the biggest exporter of plastic waste, should do better ...

For bond investors, there’s something inherently offensive about negative-yielding debt, even though it’s nothing new by now. Conceptually, buying a security that effectively guarantees a loss if held to maturity goes against the core purpose of fixed-income investing — preserving principal and earning steady interest payments that exceed the inflation rate. Across the globe, the amount of debt with negative ...

On March 28, Lyft Inc. sold its first batch of stock as a public company. It’s a milestone for the on-demand transportation company, and it kicks off the great tech unicorn IPO barrage of 2019. Depending on your perspective, this flood is either validation for the class of companies created since smartphones and cloud computing made new technology businesses possible ...

Bloomberg The new head of Japan’s main banking lobby warned the central bank against deepening negative interest rates, signalling such a move could spur risky investment and put further pressure on lenders’ profits. “It will be a quite difficult option to take,” Makoto Takashima, chairman of the Japanese Bankers Association, said in an interview. “Simply speaking, that would cause policy ...