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Macron’s moonshot looks like a long shot!

  Satellite startup OneWeb Ltd’s past decade has resembled a space opera. Founded by a US entrepreneur and headquartered in London, it has partnered with Google and Elon Musk, supplied Arianespace, attracted investment from Hughes Network Systems and SoftBank Group Corp and fallen into bankruptcy. It was then rescued by the UK government and India’s Bharti Global. The next act ...

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Is Trump plotting to blow up constitution?

  The must-read reporting over the weekend was Jonathan Swan’s series at Axios exploring the efforts of former President Donald Trump’s supporters and other Trump-friendly Republicans to prepare to staff a potential Trump second term. During the presidential nomination competition in 2015-2016, Republican party actors generally opposed Trump, in part because they considered him a risky general election candidate and ...

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Walmart tumbles as discounts spur new cut to profit forecast

  Bloomberg Walmart Inc cut its profit outlook again in a surprise warning weeks ahead of its earnings report, sending retailer shares tumbling and raising new questions about US consumers’ ability to sustain their voracious spending habits with inflation at a four-decade high. Adjusted earnings per share will fall as much 13% in the current fiscal year as US shoppers ...

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