Asian and European stocks and US futures fell on Thursday following reports that Panasonic, Arm, and other Huawei partners have cut ties with the Chinese telecoms titan following its blacklisting by the Trump administration. Japanese electronics giant Panasonic published a statement saying that it halted shipments of some components to Huawei to comply with the…
THE CONSERVATIVE PARTY has a long history of making big bets on mavericks whenever it thinks that its back is against the wall. Before they won the party leadership, three of the greatest Tory prime ministers were cordially loathed by their party. Margaret Thatcher was regarded as a polarising ideologue who lacked the ability to…
The blowup at the White House was reminiscent of a meeting in January when Mr. Trump erupted at Ms. Pelosi during the partial government shutdown as he sought money for his promised border wall. After she refused to go along, he said “bye-bye” and stormed out. In this case, Mr. Trump has been in a…
Nothing has ever been subtle with Yanis Varoufakis, the leather-jacketed, motorbike-riding economist who was finance minister of Greece for six of the most tumultuous months in that country’s history. Plain-spoken (to say the least) and a self-professed radical, he is, at 58, not nearly done waging war on Europe’s major power players. This week, he…
After the first fatal crash of its one of its 737 Max planes, a Boeing executive told concerned pilots that one of its safety features came only as a paid-for extra because airlines worried that it would "confuse" pilots. An audio recording of a November 2018 meeting between union reps and Boeing executives, shared with…
THESE DAYS it is hard to find a government that is not struggling with the high price of medicines. In England, the government is fighting Vertex, a drug company, over the cost of a drug for cystic fibrosis, Orkambi. In America, diabetics have died because of the high cost of insulin. In the Netherlands, the…
“Taking this step would be a tangible signal to both U.S. and foreign companies that the U.S. government is looking carefully at what is happening in Xinjiang and is willing to take action in response,” said Jessica Batke, a former State Department official who has done research in Xinjiang and testified before Congress on the…
BlackRock and other large investment funds have acquired a $292 million stake in TransferWise, a cross-border money transfer service that has grown rapidly since launching in 2011, and is a star of Europe’s startup scene. In an announcement on Wednesday, London-based TransferWise said the stock purchase put the value of the company at $3.5 billion,…
Tom Pennington/Getty Images President Donald Trump's trade war with China has already shaken consumer sentiment and rattled global financial markets. A new analysis from Bank of America Merrill Lynch suggests it could hit consumer spending next. BAML's consumer-confidence indicator slipped from what had been a rebound through the beginning of the month as US consumers…
ON MAY 20TH it became clear that some of the world’s most prominent technology companies—Google, Intel and Qualcomm—had stopped selling software, hardware and licences for intellectual property to Huawei, a Chinese manufacturer of phones and networking gear. This followed an announcement by the American government on May 15th that it was banning the export of…
