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Barclays Mulls U.S. Push as Activist Looms

Barclays Mulls U.S. Push as Activist Looms

Barclays is considering doubling down on America as Chief Executive Jes Staley comes under pressure from an activist shareholder to boost the bank’s stagnant share price.

Published 1 month ago

China Targets U.S. Tech Startups in Investment Loophole

China Targets U.S. Tech Startups in Investment Loophole

Tighter national security reviews have curbed Chinese deal-making in the U.S., but a new study shows China is pouring money into cutting-edge American technologies at a record pace this year through loosely regulated venture capital investments.

Published 1 month ago

County Jail in New York Takes In Hundreds of Asylum Seekers

County Jail in New York Takes In Hundreds of Asylum Seekers

Albany County Sheriff Craig Apple received an inquiry from federal immigration officials asking whether the New York jail he runs could receive asylum-seeking migrant detainees. He agreed after receiving assurance that legal help could be provided for them.

Published 1 month ago

The Problem With Innovation: The Biggest Companies Are Hogging All the Gains

The Problem With Innovation: The Biggest Companies Are Hogging All the Gains

As far back as the industrial revolution, improvements in productivity have traveled swiftly from company to company and industry to industry, an economy-boosting phenomenon called diffusion. Today, there is mounting evidence this engine of growth seems to be misfiring.

Published 1 month ago

As Farnborough Airshow Opens, Space Agencies Put Collaboration on Display

As Farnborough Airshow Opens, Space Agencies Put Collaboration on Display

From promoting space tourism to proposing new launch sites to setting up assembly lines to churn out small satellites, corporate and government space officials are pursuing intercontinental collaboration.

Published 1 month ago

Deutsche Bank Shares Soar as Profit Beats Forecasts

Deutsche Bank Shares Soar as Profit Beats Forecasts

Deutsche Bank said second-quarter profit and revenue would come in above analysts’ forecasts, a boost for the German bank’s new chief executive as he seeks to revive the lender’s fortunes.

Published 1 month ago

China Cozies Up to EU as Trade Spat With U.S. Escalates

China Cozies Up to EU as Trade Spat With U.S. Escalates

China courted the European Union as an ally in its trade conflict with the U.S., offering to improve access for foreign companies and work with the EU on reforming the WTO.

Published 1 month ago

Bank of America profits jump as revenue falls less than feared

Bank of America profits jump as revenue falls less than feared

Lender’s consumer business strong, helped by deposit growth and higher interest rates

Published 1 second ago

Brussels warns Airbnb over consumer rights

Brussels warns Airbnb over consumer rights

European Commission says platform needs to be more transparent about its fees

Published 1 second ago

Bank of America Profits Rise 33%

Bank of America Profits Rise 33%

Bank of America reported higher earnings Monday as U.S. interest rates’ upward climb helped the lender’s results.

Published 1 month ago

The Trump Doctrine — coherent, radical and wrong

The Trump Doctrine — coherent, radical and wrong

The US president’s worldview puts economics ahead of ideals and values

Published 1 second ago

BlackRock assets dip on strengthening US dollar

BlackRock assets dip on strengthening US dollar

Group has targeted growth outside its home market

Published 1 second ago

Theresa May rules out second Brexit referendum

Theresa May rules out second Brexit referendum

UK prime minister says there will not be a new vote under ‘any circumstances’

Published 1 second ago

China Cozies Up to EU as Trade Spat With U.S. Escalates

China Cozies Up to EU as Trade Spat With U.S. Escalates

China courted the European Union as an ally in its trade conflict with the U.S., offering to improve access for foreign companies and work with the EU on reforming the WTO.

Published 1 month ago

Trump Blames U.S. for Poor Relations With Moscow

Trump Blames U.S. for Poor Relations With Moscow

President Donald Trump blamed the U.S. for the state of its relationship with Moscow that he said had “NEVER been worse,” raising the question of how hard he intends to press Russian President Vladimir Putin during their meeting.

Published 1 month ago