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Euro region grows at slowest pace in 6 months as manufacturing cools

Bloomberg Growth in the euro-region economy started the third quarter at the weakest pace in six months as manufacturing cooled. A composite Purchasing Managers’ Index fell to 55.8 in July from 56.3 in June, IHS Markit said on Monday. The figures indicate that gross domestic product is expanding at a 0.6 percent quarterly pace, compared with 0.7 percent in the ...

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The wild blue yonder ain’t what it used to be

The aircraft arrayed around the spacious lawn of Maxwell Air Force Base, home of the Air University, mostly represent long-retired types. The largest, however, is a glistening B-52 bomber, which represents a still-employed component of the Air Force’s aging fleet: The youngest B-52 entered service in 1962. Sons have flown the same plane their fathers and grandfathers flew. But, then, ...

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Why RIL bonus issue syncs with its effectively free JioPhone!

Reliance Industries Ltd’s (RIL’s) unexpected 1-for-1 bonus issue, which chairman Mukesh Ambani unveiled at the company’s 40th annual general meeting (AGM) on Friday, gave a further boost to shares that are already the second-best performing this year on India’s benchmark index. What’s interesting about the announcement, however, is the timing. The last time India’s most-valuable company gave one free share ...

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