Bloomberg Prime Minister Giuseppe Conte, battling to find a way out of Italy’s nationwide lockdown, hailed the near-completion of a new bridge in Genoa following a deadly 2018 accident as a model for restarting the country. Workers at the construction site, which has stayed open through weeks of virus containment measures, lifted the last steel section into place for a ...
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Does the Congress have a role in US governance?
Some constitutional language is necessarily open-textured, as when it forbids the “establishment†of religion or “unreasonable†searches, or when it guarantees the “free exercise†of religion, “due process†and “equal protection†of law. There is, in Chief Justice Warren Burger’s phrase, “play in the joints†of the Constitution. The Framers, however, favoured precision when it is possible and necessary, as ...
Read More »New iPhones face double whammy
The severity of Apple Inc’s challenges amid the Covid-19 pandemic is starting to become clear. And it’s not looking great. The reports covering the prospects of an iPhone delay are piling up. Last month, Nikkei reported Apple was considering putting off the introduction of its 2020 iPhones. Bloomberg News then said the new iPhones could be launched a few weeks ...
Read More »A debate over limiting liability has just begun
Whenever we’re ready to re-open Covid-closed businesses, we’ll have to resolve some important questions about how to do so safely. One of them: what kind of measures should businesses take to keep employees and customers safe, and how should business owners be held accountable if they play fast and loose with others’ health? This debate over limiting liability has just ...
Read More »China is more than just a land grab in Africa
China has plenty to gain from lending a hand to its friends battling the coronavirus in Africa. Contrary to some perceptions, that won’t mean opportunistic grabs in oil, copper or arable land. The biggest prize for Beijing is political capital. Sub-Saharan Africa faces its first recession in 25 years, and the continent as a whole is also grappling with the ...
Read More »And, Boeing is grounded in more ways than one
The coronavirus-fuelled collapse in air travel has made it highly unlikely that airlines will be adding new jets to their fleets anytime soon. But when the world’s carriers are ready to take deliveries of airplanes and place new orders again, the odds are increasing that those planes will be made by Airbus rather than Boeing. There are no coronavirus winners ...
Read More »Italy is leaving its people in the dark
Italy’s government has congratulated itself for showing the rest of the Western world how to enforce a lockdown in a democratic society. Nearly two months after that draconian decision, politicians are still keeping their citizens in the dark over the thinking behind their actions. Prime Minister Giuseppe Conte announced that he would lift a number of measures that have restricted ...
Read More »Don’t blame Amazon for cleaning up in lockdown
Amazon.com Inc has come under pressure in a locked-down Europe for doing what it does best: selling consumers everything they need. An appeals court in France said the US online retailing giant must limit its range to essential items: food, health products and computer equipment. In Germany, competition authorities are monitoring the company after complaints from retailers. It has endured ...
Read More »Stocks, US futures edge up
Bloomberg European and Asian stocks edged higher with US equity futures on Tuesday as the earnings season gathered pace and governments contemplated reopening their economies. Crude oil extended sharp losses after plunging on Monday. The Stoxx Europe 600 Index nudged higher at the open. Banking giant HSBC Holdings Plc slipped after it cautioned that bad loan charges may climb to ...
Read More »Australian stocks could return to March rout levels
Bloomberg Australian shares may revisit the seven-year low reached last month as oil volatility and worries over the financial impact of the coronavirus dampened a recent rally. The S&P/ASX 200 index has reclaimed about 17% from the trough on March 23, having faltered last week after entering a technical bull market earlier this month. With the Reserve Bank of Australia ...
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