Recent Posts

‘China’s Belt and Road lending set to rise’

Bloomberg China’s sweeping push to increase international trade and infrastructure investment will likely get a boost this year from government support and better financial conditions in recipient countries, according to Morgan Stanley. Investment to nations along the route of President Xi Jinping’s signature Belt and Road Initiative will grow at an annual pace of 14 percent between 2018 and 2020, ...

Read More »

UK risks losing its dominance in Airbus wing production

Bloomberg Britain’s five-decade dominance of wing construction for Airbus SE jets is under threat from rival countries playing up the uncertainties surrounding Brexit to pitch for a share of the high-value, manufacturing work. Airbus has been approached by at least seven governments looking to poach future wing production after the company raised concerns about Britain quitting the European Union, stirring ...

Read More »

H&M’s biggest profit drop in six years puts CEO under pressure

Bloomberg Hennes & Mauritz AB reported its biggest drop in profit in six years, adding pressure on Chief Executive Officer Karl-Johan Persson, who is trying to right the ailing Swedish clothing chain after recent slipups. Operating profit fell 14 percent to 20.6 billion kronor ($2.6 billion) in the 12 months through November, H&M said in a statement. Analysts expected 20.4 ...

Read More »
Send this to a friend