July, 2019

• 6 July

  Qualcomm, BMW win in EU fight over connected car rules

  

  Bloomberg Qualcomm Inc, BMW AG, and Deutsche Telekom AG clinched a victory after European Union member states scrapped new rules mandating WiFi technology as the basis for how future connected cars talk to each other. The ruling is victory for 5G technology as countries around the world prepare for the roll-out of ultra-fast 5G wireless networks, which will power everything ...

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• 6 July

  Germany’s factory orders plunge across industries

  

  Bloomberg German factory orders slumped in May in the latest sign that global trade uncertainty is turning Europe’s temporary slowdown into a more serious downturn. The economy ministry reported huge declines in export orders and investment goods in May, just days after a survey showed factory activity shrank for a sixth month in June. The continued gloom is increasing concern ...

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• 6 July

  Biggest quake in 20 years hits California

  Bloomberg Buildings shook in Los Angeles after an earthquake with a preliminary magnitude of 7.1 hit Southern California, the strongest temblor to rock the state in 20 years. The quake struck 17 kilometres (10.5 miles) north-northeast of Ridgecrest, California, according to the US Geological Survey. That’s a relatively rural area more than 100 miles outside of Los Angeles, and came ...

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• 6 July

  Jaguar boosts UK auto sector with electric cars commitment

  

  Bloomberg Jaguar Land Rover plans to build a new range of electrified cars in the UK, safeguarding thousands of jobs and providing a boost for a British automotive industry that’s been rocked by job cuts and plant closures. The move involves hundreds of millions of pounds in investments. It guarantees the future of the company’s Castle Bromwich plant in central ...

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• 6 July

  Even trade war winners can lose. Ask Vietnam

  

  In war, even the winners pay a price. Vietnam’s portrayal as a clear beneficiary of the US-China trade conflict was overdue for a reality check. President Donald Trump provided one, trash talking the country with the kind of language he once reserved for China and Mexico. Vietnam is “almost the single worst abuser of everybody,” he declared to Fox Business ...

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• 6 July

  China corporate scandals scaring investors

  

  China’s private enterprises under President Xi Jinping appear to be holding the short end of the stick. The government’s earnest deleveraging campaign has hit the sector disproportionately hard, and a never-ending trade war with the US has hurt manufacturing, the core of China’s entrepreneurial spirit. That’s only part of the story. Private businesses aren’t merely innocent lambs waiting on Beijing’s ...

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• 6 July

  Broadcom’s play for Symantec goes too far

  Technology companies that target fickle consumers can die in a flash. (Juicero, anyone?) The ones that sell technology to businesses tend to hang on a bit longer. That’s why old-guard technology companies that have lost relevance and stopped growing — think BMC Software, Compuware and Tibco Software — have been ripe takeover targets in recent years for the private equity ...

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• 6 July

  Mario Draghi should replace Lagarde at IMF

  Christine Lagarde’s nomination as president of the European Central Bank takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union. That doesn’t mean, however, that he should retire from front-line policymaking. A ...

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• 6 July

  Where India can find $1tn infrastructure funding

  

  India will need $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term. Of this, at least 55 percent will have to come from public resources. Where’s the money? Those figures from an analysis by the Confederation of Indian Industry are the No. 1 challenge ...

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• 6 July

  KLM: An airline that does not want you to fly

  

  Ever since the economist Milton Friedman claimed the sole responsibility of business was to maximise pro-fit, there’s been a lively debate about whether companies sh-ould have other, more socially beneficial aims. It’s pretty much accepted practice, though, for a firm to try to sell more of their products and services. To not do so is a good way to go ...

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