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Bloomberg Germany wants to make a deal with the US in order to complete the controversial Nord Stream 2 gas project that has caused friction between the two countries. The 1,230-kilometre (764-mile) gas pipeline that’ll bring the fuel from Russia to Germany has been a persistent source of trans-Atlantic friction. Its construction was halted for a year after the US ...
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February, 2021
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16 February
Northern Ireland is first test of post-Brexit order
Trade deals, like peace agreements, aren’t worth the paper they’re printed on without good faith vested in their implementation. Just weeks after the Brexit trade agreement entered into force, intentions over the part of the deal that applies to Northern Ireland have been called into question by both the UK and the European Union. Once again, the relationship between the ...
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16 February
Toyota broke its just-in-time rule
The world’s largest carmaker doesn’t have a chip-shortage problem. In contrast to the rest of the auto industry, Japan’s Toyota Motor Corp said it wasn’t expecting a shortfall of semiconductors to affect its production. In the company’s earnings call, Chief Financial Officer Kenta Kon said that as part of its business continuity plans, Toyota — which makes more than 10 ...
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16 February
Woodford’s return defies economic Darwinism
Neil Woodford, the storied UK fund manager who spectacularly crashed 16 months ago, is planning a comeback. If he’s successful in persuading investors to make him the steward of their money once again, it will defy economic Darwinism. Woodford was forced to close his eponymous firm in October 2019 after the administrators of his flagship fund dismissed him as its ...
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16 February
And Bitcoin’s volatility should burn investors!
Just over 10 years old, Bitcoin might already be the best-performing investment of all time. It might also be the most volatile, and volatility has a way of luring people into ill-timed and costly investing choices. So with all the headlines about Bitcoin’s meteoric rise, it seems reasonable to ask how its investors are doing. There’s no denying Bitcoin’s astonishing ...
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16 February
Singapore sees 2021 rebound as more stimulus expected
Bloomberg Singapore reaffirmed its forecast for a rebound in economic growth this year after its worst annual contraction since independence, signalling the recovery is on track while more stimulus expected in this week’s annual budget presentation will provide further support. The Ministry of Trade & Industry (MTI) maintained its projection for growth in a range of 4% to 6% for ...
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16 February
Amazon to make Fire TV Stick devices in India
Bloomberg Amazon.com Inc will begin making devices in India for the first time, joining a flock of technology companies setting up manufacturing operations in the South Asian country. The Seattle-based e-commerce giant will start making the devices via a subsidiary of its manufacturing partner Foxconn Technology Group and production will start later this year in its facilities outside Chennai, the ...
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16 February
Hong Kong’s CK Asset sells Asia’s priciest apartment
Bloomberg Hong Kong tycoon Victor Li’s CK Asset Holdings Ltd sold a luxury apartment for a record-breaking $59 million, another sign that the city’s upscale housing market is recovering. The price for the five-bedroom apartment at the 21 Borrett Road project spanning 3,378 square feet translates into HK$136,000 per square foot, sale materials show. It broke the record made by ...
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16 February
Indonesia’s Traveloka planning to list in US via SPAC in 2021
Bloomberg Traveloka, Southeast Asia’s biggest online travel startup, is planning to list in the US this year to raise funds using a special purpose acquistion company, known as SPAC, according to Chief Executive Offer Ferry Unardi. “SPAC is very efficient,†Unardi said in an interview with Bloomberg Television on Tuesday. “If we can do it faster we can then focus ...
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16 February
Covid vaccine orders enough to hit goal: Manila
Bloomberg The Philippines said it has enough orders of coronavirus vaccines in the pipeline to reach its goal of inoculating most of its population this year, even as it expects a supply crunch in the first half. The Southeast Asian nation is negotiating for as many as 170 million vaccine doses, presidential spokesman Harry Roque said. A fourth of the ...
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