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Bloomberg UK growth is set to be sluggish for the next few years even if a Brexit deal is secured, according to the National Institute of Economic and Social Research. In a report on Wednesday, the think tank lowered its estimate for growth this year to 1.5 percent from 1.9 percent, and said output will pick up only slightly to ...

Bloomberg Daimler AG is preparing a “comprehensive” cost-cutting program to secure profitability as the German automaker fights through a US-China trade spat, slowing demand in Europe and North America and surging expenses to develop electric vehicles. The Mercedes-Benz manufacturer is stepping up efforts to shore up margins and counter pressures that are unlikely to blow over anytime soon. After a ...

Russia’s official statistics agency is displaying a feverish optimism under its new boss, Pavel Malkov, who took office in December. On Monday, the agency reported that in 2018, the country’s economy grew the fastest since 2012. Coming on top of a recent data revision that eliminated the 2016 recession, the recent numbers seem increasingly fishy, including to some government economists. ...

Italy is not hanging about. Hot on the heels of its successful 16-year syndicated bond sale in mid-January, it has announced a new 30-year placement. Given the “fill your boots” hunger for all types of debt at the moment – from Turkey to Uzbekistan – it will probably get away okay. It’s certainly priced that way. But with the political ...

In case you were worried, the advertising titans of the internet are doing just fine. Facebook Inc. showed that last week by reporting a 30 percent jump in fourth-quarter revenue from a year earlier. It was the lowest growth rate in the company’s short history, and the company has many challenges to keep growing, but it turns out that Facebook ...

America needs a Green New Deal. That’s easy to say. Spelling out what it means, or ought to mean, is harder. Democrats leading this campaign intend the allusion to the first New Deal — FDR’s multi-front assault on the Great Depression — to convey urgency, ambition, commitment to social justice, and breadth of policy, except this time with the need ...

For a capital-starved economy, India shows little urgency to extricate good money stuck in failed businesses. That was going to change after the adoption of a modern bankruptcy regime in May 2016. Alas, legal improvements notwithstanding, the culture of extending the life of bad loans to big businesses and pretending nothing is wrong with them is proving too hard to ...

Marking the 20th anniversary of zero interest rates in Japan ought to be an exercise in humility. Like the eldest child of a large family, the Bank of Japan (BOJ) was on its own for a while. Those that followed — the Federal Reserve and European Central Bank (ECB), to name but two — had it a bit easier. Some ...

In some theologies, purgatory is where the souls of the dead undergo purification of their sins before rising to heaven or descending into hell. As the deadline for Britain’s exit from the European Union (EU) approaches, UK assets face a similarly binary outcome — making investors justifiably unwilling to take big bets on the endgame. As things stand, it remains ...

Bloomberg US equity futures and European stocks edged up on Wednesday as investors digested the latest earnings from corporate heavyweights. The dollar stayed higher as delayed data showed America’s trade deficit narrowed, while Treasury yields ticked lower. Contracts on the Nasdaq index advanced and those on the Dow Jones and S&P 500 gauges eked out small gains after General Motors ...