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If the British parliament throws out the deal that Prime Minister Theresa May’s government has negotiated with the European Union (EU), it will be most regretted in Brussels, because the deal in its existing form essentially insulates Europe from most of the Brexit fallout. There’s a reason Donald Tusk, the European Council president, hurried to call a meeting of EU ...

China’s vaunted economic managers aren’t infallible — and they’re currently making a familiar mistake. They are trying to accomplish too many objectives simultaneously, many of which conflict with each other. Instead of engineering a recovery, the resulting confused policy mix is only feeding a growing feeling of uncertainty among Chinese markets, businesses and households. That will continue to depress growth ...

The world’s policy makers need to disentangle their feelings about Donald Trump from their efforts to address the challenges facing the global economy and US-Asia relations. It’s a tall order, but there are signs that they might be making progress. Over the past year, I’ve been to a lot of conferences where everyone was focused on Trump and the disruptions ...

Not long ago, an explanation developed about Facebook Inc.’s two-plus years of crises. The theory went that Facebook’s failures to spot foreign propaganda on the social network, to weed out viral misinformation, and to protect people’s digital information all had a common cause: Facebook’s leaders were too trusting and too optimistic to predict how the social network could be twisted ...

Bloomberg Stocks fell from London to Shanghai and US equity futures signaled the global rout led by technology shares would deepen on Tuesday, adding pessimism to markets already anxious over trade. Treasuries advanced and the dollar edged higher. Contracts on all major US equity indexes pointed to declines at the open, with megacap tech shares leading the drop. The Stoxx ...

Bloomberg The slide in cryptocurrencies accelerated this week, with Bitcoin piercing the $5,000 mark for the first time since October 2017, amid speculation that increased regulatory scrutiny will prompt issuers of initial coin offerings to liquidate holdings. Bitcoin declined as much as 14 percent during US trading hours, falling just below $4,700 before bouncing back slightly. The largest digital currency ...

Bloomberg Societe Generale SA settled its longstanding sanctions violations case with US authorities, entering a deferred prosecution agreement with federal prosecutors and paying $1.34 billion to regulators in New York and Washington. As part of the settlement, France’s third-largest bank acknowledged violations of US sanctions laws against Cuba, Iran and Sudan starting as far back as 2003 and extending to ...

Bloomberg Mark Carney gave his seal of approval to the transition deal agreed by Prime Minister Theresa May’s with the European Union, and signalled that he would welcome even longer for the UK to adjust. In his first public comments on the government’s draft agreement, the Bank of England (BOE) governor united with other central bank officials to warn of ...

Bloomberg India’s central bank signalled a compromise with the government by agreeing to study a demand for sharing a part of its capital — an issue that had triggered a public spat between the monetary policy makers and their political bosses. The Reserve Bank of India will form a panel to consider the funds transfer to the government, the central ...

Bloomberg European lenders are breaking promises that they would avoid excessive risk in the wake of the financial crisis, according to the European Central Bank. “We’re seeing more and more banks take risks that, back in 2008 and 2009, they said they’d never do again,” said Korbinian Ibel, a director general at the ECB’s banking supervision arm. “They argue that ...