November, 2019

• 27 November

  We may be approaching peak beef

  

  If you want a picture of the future, imagine a human face biting into a burger — forever. That’s certainly a popular view of the way the human diet is headed. As the world’s population grows and incomes rise, we’ll inevitably eat far more beef — the meat that’s considered the most expensive and prestigious in a remarkably wide range ...

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• 27 November

  Australian lenders are crashing down to earth

  For decades now, Australian banks have been a class apart. Thanks to a ceaselessly growing economy, an oligopolistic structure that prevents mergers between the big four lenders, and the loyalty of self-funded retirees who play a large part in the local stock market, they’ve been valued as if they’re in a fundamentally different business from counterparts in other countries. At ...

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• 27 November

  India must clean up or clear out dodgy brokers

  Any attempt at sweeping out a corner of India’s financial system means bringing investors face to face with creepy-crawlies. Disagreeable as the task is, it’s also necessary. More than $200 billion in bad loans tumbled out when banks were made to open their attics to the regulatory broom four years ago. That cleanup isn’t over, and already it’s the stockbrokers’ ...

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• 27 November

  High-seas rescues putting migrants in harm’s way

  

  The inflow of migrants from North Africa has split Europe between those who think governments should do all they can to save human lives and those who fear rescue operations mainly benefit smugglers. A new study shows such concerns could be well-grounded. Giovanni Mastrobuoni, one of Europe’s preeminent economists of crime based at the Collegio Carlo Alberto in Turin, worked ...

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• 27 November

  China dollar bond sale shows trade war limits

  

  Those who fear an impending cold war between the U.S. and China need only look to the bond market to see evidence of a potential thaw. In the midst of a holiday-shortened week for American markets, China easily sold a record $6 billion of dollar-denominated bonds, accumulating $20 billion of investor orders that allowed it to tighten yield spreads for ...

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• 27 November

  Micro-targeting ban won’t improve political ads

  

  Google says it will limit the targeting of political ads to make it harder to sneak misinformation to impressionable voters. That puts the company ahead of the pack when it comes to making the political business of big internet platforms look less threatening. But the efficiency of political micro-targeting is questionable, and Google is responding to a moral panic rather ...

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• 27 November

  FAA rebuffs Boeing with vow to scrutinise all 737 deliveries

  

  Bloomberg US aviation regulators will conduct the final approval of factory-fresh Boeing Co 737 Max jets rather than allowing company employees to handle routine sign-offs before the planes are delivered. The plan amounted to the latest signal from the Federal Aviation Administration (FAA) that it intends to retain full control over all aspects of the grounded jetliner as Boeing prepares ...

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• 27 November

  Modi mulls to exclude $7bn of Air India debt

  

  Bloomberg India is considering a plan to exclude more than half of Air India Ltd’s $11 billion of debt in the government’s latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said. Prime minister Narendra Modi’s administration plans to ask proposed investors to take over 300 billion rupees of the airline’s debt, which are ...

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• 27 November

  Storms to disrupt travel for Thanksgiving in US West

  Bloomberg A cluster of powerful storms is set to disrupt Thanksgiving holiday travel for the Western US, with heavy snow cancelling flights in Denver and a higher risk of mudslides in parts of California. Winter storm warning and advisories cover the West from Oregon to Arizona and a flash flood watch stretches from north of Anaheim to the border with ...

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• 27 November

  Barneys bankruptcy leads to luxury deals over Black Friday

  

  Bloomberg Barneys New York Inc will deepen its discounts over Black Friday weekend in a rare clearance of luxury brands — undercutting rival retailers that are generally loathe to offer price cuts on expensive merchandise. Clearance sales at Barneys will average 30% to 35% off starting on Wednesday as the holiday shopping rush begins, a representative for B. Riley Financial, ...

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