World trade will this year grow at the slowest pace since the global financial crisis, a development that should serve as a “wake-up call” as anti-globalization sentiment builds, the World Trade Organization warned.
Cloud computing has thrown computer makers into a forbidding landscape where prospective customers have incentives to rely on external service providers rather than buying hardware. But some have found a key ally in one of the biggest cloud providers, Microsoft.
Republican presidential nominee Donald Trump redoubled his attack on the Federal Reserve and its chairwoman, Janet Yellen, accusing the central bank of “doing political things” by keeping interest rates low.
Nike said its revenue rose 7.7% in the latest quarter as the world’s largest sportswear maker reported stronger sales in its North American business. Still, the company’s futures orders growth slowed and shares fell after hours.
To constrain rising shipping costs, the online giant Amazon.com is building its own delivery operation, showing the extent of its ambition and also setting up a clash with the company’s shipping partners.