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Tesla engages Chinese banks to fund its Shanghai factory

Bloomberg Elon Musk’s shock $82 billion offer to buy out the loss-making Tesla Inc. has the market wondering just how he will find the cash. But when it comes to his grand plans to build electric cars in China, he already has the answer: the nation’s state-owned banks. With a factory just outside of Shanghai key to Musk’s vision of ...

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Uganda plans big for national carrier ready to take to skies

Bloomberg Uganda’s fledgling national airline will be a candidate for an initial public offering and closer cooperation with other carriers if the launch goes as planned. Uganda Airlines, which last month signed deals for Airbus SE wide-body jets and Bombardier Inc. regional planes, is due to begin operating 19 routes in January, Transport Minister Monica Azuba Ntege said in an ...

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British Defense chief pitches post-Brexit warplane on US visit

Bloomberg UK Defense Secretary Gavin Williamson pitched a strong British military and a new concept fighter jet it’s developing while brushing aside concerns about US President Donald Trump’s rhetoric against NATO during a visit to Washington. Speaking at an event hosted by the Atlantic Council, Williamson said he’d like to see the US consider purchases of the “Tempest” jet the ...

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