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Airbus tie-up with Bombardier is test for China’s ambitions

Bloomberg Airbus SE’s agreement to buy a majority stake in Bombardier Inc.’s C Series passenger jet programme not only injects critical financial support and expertise into the project, but also puts China’s aircraft-selling ambitions to the test. Potential buyers of the C Series aircraft have the comfort that Airbus, with its global presence, will provide support for the jet anywhere, ...

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Toys ‘R’ Us explores $2bn Asia unit options

Bloomberg Toys “R” Us Inc., the retailer that filed for bankruptcy in North America, has been exploring options for its growing Asian business including a potential initial public offering, people with knowledge of the matter said. The US chain and its local joint venture partner, the billionaire Fung brothers, have been speaking with investment banks to study the feasibility of ...

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Drones to deliver burritos in Australia as Alphabet begins test

Bloomberg Alphabet Inc.’s Project Wing is taking the next step to deliver items to people’s homes via drone, beginning a demonstration project this week in Australia with a Mexican food chain and a pharmacy company. Small drones will begin delivering actual purchases to backyards in rural areas, James Ryan Burgess, co-lead of Project Wing, said in a blog post. Alphabet’s ...

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