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Iraqi President Barham Salih measured his words in a telephone interview from Baghdad. He didn’t want to worsen a quarrel with President Trump over US access to an air base in western Iraq. But Iraqi politics is fragile, and ill-considered statements by American presidents can have big consequences. “I appreciate what the US has done to help Iraq,” Salih told ...

Call it beginner’s luck. India’s interest-rate cut, a surprise to most economists, was justified: Inflation is well below target and growth is slowing across all major economies. In that regard, the South Asian country is firmly in the mainstream. Where India isn’t in the mainstream is in the inability of a nominally pro-business government to hang on to a central ...

Europe’s tour operators are on a holiday from hell. TUI AG, which until now has defied the downturn in the region’s travel market, cautioned on earnings. Then Thomas Cook Group Plc, which delivered a nasty profit warning in November, said it was “reviewing” its airline business. These two mainstays for Europe’s holidaymakers have been hit by a triple-whammy. First, last ...

China is ‘half of everything,’ such as aluminum, steel and copper consumption. For the electric vehicle (EV) sector, China is at least half of everything, if not far more, in three key areas: It represents 76 percent of all commissioned lithium-ion battery manufacturing capacity; logged 60 percent of global EV sales in fourth-quarter 2018; and held 50 percent of global public ...

In many ways, David Malpass, whom US President Donald Trump nominated to head the World Bank, is an unsurprising choice. He’s a senior Treasury official overseeing international affairs. Plus, his background absolutely screams “Trump nominee”: He isn’t a woman (Indra Nooyi, formerly of PepsiCo Inc., was being considered). He is an outspoken critic of the institution he is now to ...

When people think about Amazon disrupting the economy, they tend to focus on physical retail — all those disappearing bookstores — but the company’s fourth-quarter earnings report makes it clear that its focus is increasingly moving onto the turf of other tech companies. Amazon.com Inc.’s fastest growth is in ads and Amazon Web Services. Amazon’s “other” line of business, which ...

As Prime Minister Theresa May continues to bang her head against a hard Brussels wall, the probability that the UK will leave the European Union (EU) without an orderly separation agreement increases with every wasted day. The biggest loser if that happens would be the UK, but the EU countries also have a stake. They haven’t neglected preparations for a ...

Bloomberg In recent years, the video-game industry looked like it had found the antidote to the boom-bust cycles that had long plagued the business. Publishers focused on a few well-known titles and extended their lives through in-game purchases, expansion packs and online tournaments. Electronic Arts Inc., one of the largest players, doubled its market value to almost $45 billion last ...

Bloomberg Waymo is in advanced talks to develop autonomous cars with Renault SA, Nissan Motor Co. and Mitsubishi Motors Corp., according to people familiar with the matter, in a move that would join a leading self-driving force with the world’s largest automotive alliance. A deal between the three carmakers and Alphabet Inc.’s self-driving unit could include making driverless taxis, said ...

Bloomberg Facebook Inc. said it acquired visual shopping and artificial intelligence startup GrokStyle Inc. in a move to bolster the social-media company’s own AI work. GrokStyle’s technology, which was integrated into Ikea’s mobile app, was simple in practice. A user takes a picture of a piece of furniture and the technology would match it to similar products that could be ...