Bloomberg Democratic presidential contenders are already making strategic decisions about where to dedicate campaign resources, putting heavy focus on select states because of a compressed primary calendar and an unusually crowded field. A cross-country sprint through 14 states to sort out winners and losers earlier than in past years. Democrats are making the first four states their top priority and ...
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May prepares Britain’s next great Brexit mistake
Britain’s government will soon begin pleading for a delay in the country’s exit from the European Union (EU). Without this, Brexit would go ahead on March 29 with no agreement in place to manage the disruption that would follow. The House of Commons has already rejected (twice, and by huge margins) the withdrawal agreement negotiated by Prime Minister Theresa May, ...
Read More »If Cathay goes budget, the trend is clear
There’s always been something grimly appropriate about the world’s most unequal rich society being home to one of its least affordable aviation sectors. Hong Kong’s Cathay Pacific Airways Ltd. has historically been so resistant to the idea of budget airlines that the city’s dominant carrier once fought (and won) a three-year regulatory battle to stop Qantas Airways Ltd. from setting ...
Read More »Sometimes, a Bentley just can’t compare to a Skoda
Tesla drivers are fond of the electric vehicle’s giant touchscreen display, but for more conservative buyers of luxury cars such digital systems might seem a tad unrefined. Thankfully, Britain’s Bentley has solved this very first-world problem on its new Continental GT model by offering a revolving panel that will spin around to show analogue gauges instead of the screen, when ...
Read More »Why Japan’s massive stimulus isn’t enough
The Bank of Japan (BOJ) risks being stranded. The pioneer of zero interest rates and quantitative easing has the most accommodative monetary policy of any major central bank. Rather than being positioned comfortably during this global slowdown, the Bank of Japan must be feeling pretty anxious. There’s little advantage to being the first mover. Others learn your tricks. They may start ...
Read More »Boeing should thank China for grounding 737 Max fleet
China didn’t waste any time reacting to the tragic crash of a Boeing Co. 737 Max operated by Ethiopian Airlines Group on Sunday. Less than 24 hours after the accident, it became the first country to ground the plane. In the hours and days that followed, Ethiopia, Europe and — finally, on March 13 — the Federal Aviation Administration (FAA) ...
Read More »SingTel’s giveaway deserves a reward
Singapore Telecommunications Ltd. should ask for a tax refund. After all, here’s a telco that got the chance to maintain its stake in an overseas business on the cusp of something new at a steep discount to the market price. And what did it do? SingTel renounced a part of those rights in favour of Singapore’s sovereign wealth fund for ...
Read More »EBay is the un-Amazon, for better and worse
How can a company be both the second-place player in its fast-growing industry – and largely excluded from the conversation about the future of said industry? That’s the weird position occupied by EBay Inc. The company grabs a larger share of the US e-commerce market than Walmart Inc., Apple Inc., and every other retailer besides Amazon.com Inc. The $95 billion ...
Read More »Qualcomm wins first US trial in global dispute with Apple
Bloomberg Qualcomm Inc. won the first US jury trial in its global dispute with Apple Inc. over how much the iPhone maker should pay for using the chipmaker’s patented technology. A federal jury in San Diego awarded Qualcomm about $31.6 million in damages on its patent infringement claims. Qualcomm jumped as much as 3.5 percent before finishing up 2.2 percent ...
Read More »VW sued by SEC for misleading investors on diesel cheating
Bloomberg Volkswagen AG was sued by the US Securities and Exchange Commission over claims it failed to disclose to investors that its diesel vehicles violated emission standards, the latest twist in a software cheating scandal that has already cost the company more than $30 billion. The German automaker sold billions of dollars of corporate bonds and asset-backed securities in the ...
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