November, 2019

• 20 November

  Watch for sparks as jet engines hit their limits

  Earlier this week, Bloomberg Opinion columnist Chris Bryant examined the ongoing troubles for advanced jet engines used on today’s commercial airliners. These engines now seem to be reaching their technical limits, and as Bryant says, we may be asking too much of the technology. That’s not great news for the companies making those turbines, or for those flying the aircraft. ...

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• 20 November

  Macron wants to slam the door on expansion of EU

  

  The French government has made it clear what President Emmanuel Macron meant by a reform of the European Union (EU) accession process, which he sees as a prerequisite to the bloc’s further enlargement. The proposed process wouldn’t be much of an improvement on the current one; rather, Macron appears to be trying to drown the issue of further EU enlargement ...

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• 20 November

  HP doesn’t need Xerox, which may have been the point

  

  After HP Inc. rebuffed Xerox Holdings Corp.’s attempted $34 billion takeover attempt, don’t be surprised if the printer company’s next step is to say, “You don’t buy us, we buy you.” But don’t expect any offer to be generous. A counteroffer from its bigger rival may have been Xerox’s plan all along. The two companies have been involved in tentative ...

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• 20 November

  How to overcome losing 600,000 people a year

  

  You know times are hard in provincial South Korea when the guy selling walkers and hearing aids can only make ends meet by day trading. Ho Cheol Lee, 52, keeps his eyes on flashing stock quotes while his shop, crammed with wheelchairs, canes and other equipment for seniors, sits empty. Lee has run the store for roughly two decades, and ...

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• 20 November

  US futures decline on China tensions; bonds advance

  

  Bloomberg American equity-index futures declined along with stocks in Europe and Asia after the US Senate passed legislation supporting Hong Kong protesters, drawing a rebuke from China and potentially complicating trade talks. Bonds gained. Contracts on all three major US indexes declined, signalling a weak open in New York. The 10-year Treasury yield fell to a three-week low and the ...

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• 20 November

  World-beating stock gain in Hong Kong falters after two days

  

  Bloomberg A world-beating stock gain is quickly unraveling in Hong Kong, showing how fast sentiment can change as protests convulse the city. The Hang Seng Index lost 0.8% on Wednesday. It had surged 2.9% in two days, with volatility sinking 11% in that time. Short-selling volume reached 16% of total equity turnover — near a record of 20% in August ...

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• 20 November

  Europe’s richest man spends $1bn on department store

  

  Bloomberg Europe’s wealthiest man is spending more than $1 billion on a Paris department store at a time when other shops are going out of business and consumers are turning to Amazon.com Inc. La Samaritaine, part of billionaire Bernard Arnault’s LVMH luxury empire, is set to reopen next April after a 15-year renovation. The company gave reporters a tour of ...

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• 20 November

  Nestle sees boost for Starbucks products

  

  Bloomberg Nestle SA expects to get about a quarter of a billion dollars in extra revenue from Starbucks-branded products this year after it began selling items including Nespresso-compatible capsules under a partnership with the US coffee giant. Starbucks-branded merchandise will add about 250 million Swiss francs ($252 million) to sales this year, a spokesman said in response to questions. Last ...

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• 20 November

  South Africa government not to give SAA any further funding to resolve wage strike

  

  Bloomberg South Africa’s government ruled out an intervention in the ongoing battle between the struggling state airline and unions leading a strike, with public enterprises minister Pravin Gordhan refusing to step in to fund wage demands. The state has already given South African Airways (SAA) more than $1.4 billion over the past three years, Gordhan said in an emailed statement. ...

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• 20 November

  EasyJet to offset carbon emissions from all flights

  

  Bloomberg EasyJet Plc plans to become the first carrier to offset carbon emissions from all its flights as the aviation industry responds to a growing outcry over its contribution to climate change. “It’s not to say that this is the perfect solution, we know it’s an interim step before new technologies come into play,” CEO Johan Lundgren told Bloomberg TV. ...

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