Recent Posts

Brexit has entered its most dangerous phase

If the European Commission’s chief negotiator, Michel Barnier, utters the words ‘decisive progress’ sometime in the next few days, take notice. It would be the signal that the UK and the European Union (EU) have agreed the terms of their divorce. A summit can be held and the white smoke sent up. That would be a watershed after 16 months ...

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For China’s bad banks, the future looks worse

Remember we told you China’s stock-market rescuers needed rescuing? Now it looks as if the nation’s bad banks could use a bad bank. The four state-owned managers of troubled debt are in a bind, none more than China Huarong Asset Management Co., whose ex-chairman has just been accused of taking about $240 million in bribes, squandering state assets and maintaining ...

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Air travel is about to get even less glamorous

For all the disagreement in the industry about the future of aviation, there’s perfect accord on one point: There’s going to be a lot more of it. The world’s air passengers flew a combined 7.64 trillion kilometers (4.75 trillion miles) in 2017, according to Boeing Co.’s latest 20-year market outlook. By 2037, that will rise to 18.97 trillion kilometers, with ...

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