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Macron can’t resist the supermarket politics

French President Emmanuel Macron’s knack for top-down statist dirigisme hasn’t been very visible when it comes to rolling out Covid-19 vaccines, with the country’s immunisation campaign among the slowest in the world. But it’s now on full display in the supermarket sector. Finance Minister Bruno Le Maire took to the airwaves to pour scorn on a potential $20 billion bid ...

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How not to tame rising global food inflation

Agflation is back, and so are unhelpful fixes. Under pressure from falling incomes and higher inflation, Moscow has rushed to cap the cost of basic foods and introduced measures to curb wheat and other exports. President Vladimir Putin’s televised displeasure was a symptom of the strain governments are feeling everywhere. Fortunately, the problem is not yet at levels seen just ...

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Boeing buoyed by $20bn of idled Max jets valued like new

Bloomberg When Boeing Co ended a long commercial drought last month by handing over 737 Max jets to two top customers, the transactions marked a little-noticed break with tradition. The planes were built in 2019 but recorded as 2020 models when they were delivered, having sat dormant during the longest jetliner grounding in US history. The seemingly innocuous distinction could ...

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