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Bloomberg The US is set to scale back aid to African military units fighting terrorism as it realigns its defense strategy to compete with more traditional threats from China and Russia. The shift comes despite a growing terror threat on the continent that has led to an increased American presence, resulting in attacks on US forces in Niger and Somalia ...

Bloomberg Stocks fell, the dollar gained and commodities slid as markets reeled from fresh salvos in the escalating trade war between the US and China. The S&P 500 Index ended the longest rally in a month after the Trump administration said it will slap tariffs on an additional $200 billion of Chinese products. The Asian nation vowed to retaliate, helping ...

Bloomberg The dog days of summer have arrived for quants. Systematic traders who tie their fortunes to the ebbs and flows of stock markets are experiencing some of their worst returns in eight years relative to a key benchmark, according to one Wall Street estimate. Factor investing — which slices and dices equities based on traits like profitability and price ...

Bloomberg US President Donald Trump is pushing his trade conflict with China towards a point where neither side can back down. By August 30, as the US nears mid-term elections vital for Trump’s legislative agenda, the White House will be ready to impose 10 percent tariffs on $200 billion of Chinese-made products, ranging from clothing to television parts to refrigerators. ...

Bloomberg US President Donald Trump’s assault on China’s trade policies will garner several high-profile advocates, as some of the world’s largest commercial regions will meet in Geneva to thresh out the ramifications of Beijing’s entrance into the World Trade Organization (WTO) 17 years ago. Chinese representatives will say things are going well and that the nation is taking steps to ...

Bloomberg The US should build a global alliance to tackle China on unfair trading practices instead of using spurious national security claims to impose tariffs that also hurt allies, said former US Treasury Secretary Jacob J. Lew. Lew said that the US is in danger of abandoning the global economic order it helped to build. He also said the US ...

Bloomberg Investors’ confidence in the euro area and Germany took another knock as the escalation of trade tensions between the US and many of the world’s major economies cast a cloud over improving data. The ZEW Center for European Economic Research said its measure of investor expectations for Germany fell to minus 24.7 in July from minus 16.1 in June, ...

Bloomberg Facebook Inc. could be fined a symbolic 500,000 pounds ($664,000) by the UK’s privacy regulator after the social network giant failed to prevent key user data falling into the hands of a political consultancy that helped get President Donald Trump elected. The UK Information Commissioner’s Office is threatening the company with the maximum penalty allowed, it said when issuing ...

Bloomberg Uber Technologies Inc.’s head of human resources has resigned, becoming the latest high-profile executive to depart a ride-hailing giant only just emerging from a year of internal upheaval. Liane Hornsey’s exit came after an anonymous employee, emailing Uber’s whistle-blower account and Chief Legal Officer Tony West, threatened to go public with grievances if the company didn’t take action. The ...

Bloomberg Microsoft Corp. is going for the low-end of the personal computing market with a smaller, cheaper Surface Go tablet that takes on Apple Inc.’s cheapest iPads. The Surface Go has a 10-inch screen, about the same size as the entry-level iPad. At $399, the device is $400 cheaper than the current Surface Pro tablet, but has slower Intel Corp. ...