Italy’s parliament has approved Mario Draghi’s 261 billion-euro ($315 billion) spending plan to resurrect the euro zone’s third-largest economy from the ruins of the pandemic. Now comes the hard part: Implementing the tough structural reforms Italy needs to drive growth and rebalance public accounts, and convincing Italians it’s the right path. Failure to do so would consign Italy to decline ...

Elon Musk has done a better job at selling and making cars in China in just two years than he has in the US over the past decade. As a foreign business, he’s also had a smooth ride with the authorities — until recently. Last Month, a Tesla Inc owner at the Shanghai Auto Show protested the company by jumping ...

Many of us spent the better part of 2020 trapped in our homes — not able to travel, attend a live event, see a movie on a big screen, or get together with friends and family outside of our immediate pods. But judging from corporate disclosures, it seems these restrictions didn’t apply to a small subset of people — specifically, ...

Delivering the official rebuttal to a presidential address to Congress has never been an especially auspicious assignment. At best it is a mixed blessing; at worse, a ticket to oblivion. That’s what made Senator Tim Scott’s speech last week so exceptional. In both tone and content, it shows that the Senate’s only Black Republican is a rare political talent who ...

Bloomberg Airbus SE generated positive cash flow for the third quarter in a row, while warning that new coronavirus flareups threaten progress toward a recovery in air travel. The European planemaker reported 1.2 billion euros ($1.5 billion) in adjusted free cash flow between January and March, when aircraft deliveries surpassed the mostly pre-pandemic first quarter of 2020. Profit came in ...

Bloomberg Kroger Co is diving into drone delivery, starting a pilot at a store near its Cincinnati headquarters. The supermarket chain is partnering with Drone Express, a unit of Telegrid Technologies, to deliver groceries from a store in Centerville, Ohio, later this spring, the companies said in a statement. The technology allows for deliveries of up to five pounds to ...

Bloomberg Nigeria will deny entry to passengers who have visited India, Brazil and Turkey in the last 14 days to stop the import of coronavirus cases from the three countries. The travel advisory will take effect on May 4 and is subject to review after an initial period of 4 weeks, the Presidential Steering Committee on Covid-19 said. The government ...

Bloomberg The European Commission proposed easing restrictions on business and leisure travel for those who have been fully inoculated against Covid-19, adding to signs of a gradual return to normalcy as vaccinations gather pace. The European Union’s executive arm recommended welcoming tourists from countries with relatively low infection rates as well as those who are fully vaccinated, according to a ...

Bloomberg Dassault Aviation SA is poised to announce its largest-ever Falcon corporate jet next week, stepping up a push to compete toe-to-toe with the swankiest offerings from Bombardier Inc and Gulfstream. While Dassault has kept a tight lid on details, the industry is already abuzz with speculation that the plane will match or surpass rival jets in size, speed and ...

Bloomberg Thailand will increase a mandatory quarantine period for all arrivals to two weeks in a setback to the country’s previous plans of gradually reopening its borders to foreign visitors. The Southeast Asian nation reduced the timeframe to seven days for vaccinated tourists and ten days for most others in a bid to boost its tourism sector. But the latest ...