WTO win won’t sway United States from its combative trade stance
President Donald Trump has hailed a ruling by the World Trade Organization (WTO) that gives the United States the right to hit Europe with tariffs, but his new-found satisfaction with the WTO’s rules-based approach is expected to prove short-lived.
Take Five: Vanity Fair
Washington’s latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into another round of high-level discussions.
Firmer oil still set for heavy weekly loss on demand worries
Oil prices rose on Friday but remained on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
‘Sahm Rule’ enters Fed lexicon as fast, real-time recession flag
Astronomers get to name comets and biologists get to name species, but come up with something cool in economics and you might be memorialized with a law or a rule or a “curve.”
BP to make Bernard Looney CEO as climate challenge looms
Bernard Looney, who will replace Bob Dudley as chief executive of BP when he retires next year, faces the tricky task of navigating the energy major through a rising tide of environmentalism and the move to a low-carbon economy.
Dudley’s decade at the helm of BP almost didn’t happen
BP Chief Executive Bob Dudley’s decade at the helm of one of the world’s biggest oil companies almost didn’t happen.
Futures slip ahead of crucial jobs report
U.S. stock index futures retreated on Friday ahead of a crucial jobs report in a dismal week for markets roiled by bleak economic data that raised fears of the world’s biggest economy sliding into a recession.
U.S. states fight back against Purdue’s bid to halt opioid lawsuits
U.S. state officials launched a legal counterattack on Friday against Purdue Pharma LP’s attempt to shield itself and its controlling Sackler family from thousands of lawsuits claiming the OxyContin maker helped fuel the opioid epidemic.
Factbox: Dudley departure forms part of change of guard at UK Plc
BP on Friday appointed its head of upstream Bernard Looney as chief executive to succeed Bob Dudley when he retires next year, the latest in a series of changes in senior management at some of Britain’s biggest companies.
India’s SpiceJet could take more of Jet Airways’ 737 MAX planes: chairman
Indian low-cost carrier SpiceJet Ltd may consider taking some of the Boeing 737 MAX planes that were due to be delivered to now bankrupt Jet Airways but are still sitting in Seattle, its chairman said on Friday.
