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Caterpillar, Boeing show headquarters don’t matter

  The headquarters moves by Caterpillar Inc. and Boeing Co are a sign of how detached the corporate mailbox is becoming from industrial companies’ core manufacturing operations. Caterpillar announced that it would move its global headquarters to an existing office in Irving, Texas — part of the Dallas-Fort Worth area — from its current location in the Chicago suburb of ...

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Who’s got it right on EVs: Tesla or BYD

Over a decade ago, Elon Musk scoffed at the idea that China’s BYD Co was a legitimate competitor. Oh, how the mighty have fallen. Now, Warren Buffett-backed BYD is set to wash out its closest rival in China, Tesla Inc. A BYD executive said that his company was “preparing to supply batteries to Tesla very soon.” The potential deal will ...

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China’s tech stocks are both a buy and a sell!

  There’s a lot of renewed belief that the sky has cleared for Chinese technology companies, and that now’s a good time to jump back into one of the most lucrative investment categories of the past decade. There are also plenty of reasons to remain skeptical. So the choice comes down to investors believing in climate change, though not in ...

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Is Putin’s war more like the WWI or WWII?

  Beware the “lessons of history” as drawn by charlatans, ignoramuses or tyrants, for they will be daft, wrong and possibly disastrous. The self-serving amateur historiography of Russian President Vladimir Putin is an example. Last year, he invented a narrative “On the Historical Unity of Russians and Ukrainians,” which was subsequently revealed as one of the hallucinations that made him ...

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Boeing mulls 787 jet over tough air pollution rules

  Bloomberg Boeing Co hinted that it’s considering a cargo-hauling version of its 787 Dreamliner to eventually replace 767 freighters, whose engines won’t comply with tougher emissions standards that take effect in 2028. “That’s a natural place for us to look,” Brian Hermesmeyer, freighter customer leader for Boeing’s commercial airplane division, told reporters in a briefing near its plant in ...

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Online merchants lead Europe retailers back to Covid-19 lows

  Bloomberg Europe’s retail stocks are heading back towards pandemic lows. And after the profit warning from Asos Plc and the first UK sales decline in Boohoo Group Plc’s history, it’s online merchants that are leading them there. Asos shares sunk as much as 28%, falling to the lowest since August 2010. The warning sent tremors through larger peer Zalando ...

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Cathay on hiring push as Hong Kong still wrestles with Covid

  Bloomberg Cathay Pacific Airways Ltd is planning to recruit 4,000 staff between now and the end of 2023 to replenish its severely depleted workforce and gear up for an anticipated recovery in air travel as Hong Kong rebuilds itself as an aviation hub, according to Chief Executive Officer Augustus Tang. The hiring spree would still leave Cathay with significantly ...

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Ryanair to face strike by its Italy employees on June 25

  Bloomberg Ryanair Holdings Plc staff in Italy announced plans to strike on June 25, adding to Europe’s travel headaches as the industry tries to recover from the coronavirus pandemic. Unions representing pilots and flight attendants will strike for 24 hours to press demands for better working conditions, they said. The walkout will also involve staff in Spain, Portugal, France ...

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Wizz Air abandons no fuel hedging policy

  Bloomberg Wizz Air Holdings Plc said it will reinstate its jet-fuel hedging policy as volatile oil prices add to other surging costs for the airline industry and threatens to upend the sector’s recovery from the pandemic. Eastern Europe’s biggest discounter will “mirror” the hedging levels of its main peers and put additional jet fuel price caps in place for ...

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