January, 2020

• 18 January

  HK mustn’t lose faith in youth: Paul Chan

  

  Bloomberg Hong Kong must not give up on its youth and should invest in future generations, finance secretary Paul Chan said at a forum on Saturday, Radio Television Hong Kong (RTHK) reported. The city faces declining income and a growing deficit as it tries to deal with ongoing social issues, Chan said. Hong Kong has endured seven months of violent ...

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• 18 January

  Iran to send black boxes of crashed jet to Ukraine

  

  Bloomberg Iran will transfer the flight data recorder and the cockpit voice recorder of a crashed Boeing aircraft to Ukraine for further investigation, according to Iranian media. “The black boxes of Flight 752 will not be decoded in Iran and will be transferred to Ukraine instead as per the country’s request,” semi-official Tasnim news agency reported, citing Hassan Rezaeifar, head ...

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• 18 January

  Boris Johnson is flying into dangerous skies

  

  You know British politics has been turned on its head when a Conservative government jumps in to rescue a failing company, and Labour supporters criticise the bailout as market distorting and wasteful. Yet that’s the odd situation that arises from the UK’s decision to save struggling regional airline Flybe. When faced with the collapses of travel agent Thomas Cook, contracting ...

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• 18 January

  Xerox can’t copy same offer for HP

  

  Xerox Holdings Corp. is best known for inventing the modern photocopier. When it comes to the company’s $33 billion attempt to acquire HP Inc., Chief Executive Officer John Visentin needs to do more than simply copy and repeat the same terms. It has been almost two months since larger rival HP rejected Xerox’s initial bid. Since then, little in the ...

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• 18 January

  Verizon, breaker of the cable bundle? Not really

  

  The good news is, someday soon “triple play” will mean something only to baseball fans. These days, though, cable-TV customers probably still know it better as the industry’s torture device. Triple-play bundles refer to long-term contracts with a company such as Comcast Corp. or Charter Communications Inc. that provide internet, television and landline-phone service for one “discounted” rate. These packages ...

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• 18 January

  It’s like Uber, only for election campaigns

  A big story in Silicon Valley last year was late-stage growth companies learning that public markets no longer had an appetite for startups that were growing quickly but whose future profitability was dubious. For examples, look no further than the disappointing market debuts for companies such as Uber and Lyft and the withdrawn initial public offering of WeWork. Although that ...

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• 18 January

  Another thing Carlos Ghosn doesn’t want to talk about

  

  What was going on at Nissan Motor Co. for the last two decades? With all his complaints about Nissan subordinates and the “depth of deprivation” he endured at the hands of the Japanese justice system, Carlos Ghosn didn’t really answer that at a news conference where he portrayed himself as a victim of human-rights abuses. Ghosn didn’t want to talk ...

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• 18 January

  Boeing CEO doesn’t need a bonus to fix ailing 737 Max

  

  Boeing Co.’s new CEO shouldn’t need an extra wheelbarrow of money to do his job. David Calhoun officially took over the top role following the December ouster of Dennis Muilenburg over his ham-handed management of the crisis engulfing the 737 Max. With the plane having now been grounded for 10 months in the wake of two fatal crashes, Boeing decided ...

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• 18 January

  Horrid holidays can’t all be blamed on Brexit

  

  Christmas 2019 should be consigned to the dustbin along with the crumpled wrapping paper and the wilted tree. That’s the message that has come in loud and clear from British retailers. And it caps off a miserable year. Total sales for 2019 fell by 0.1%, the worst year on record, according to the British Retail Consortium and KPMG. There’s no ...

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• 18 January

  Toyota makes new $394mn bet on flying taxis

  

  Toyota Motor is making a $394 million investment in Joby Aviation, one of the handful of companies with the seemingly implausible goal of making electric air taxis that shuttle people over gridlocked highways and city streets. Toyota is the lead investor in Joby’s $590 million Series C funding, alongside Baillie Gifford and Global Oryx and prior backers Intel Capital, Capricorn ...

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