July, 2019

• 3 July

  Vijay Mallya says he’s lightning rod for public anger

  

  Bloomberg Indian businessman Vijay Mallya won the right to challenge extradition to his home country, at a hearing where he said he’s been turned into “the personification of all of India’s financial ills” and risks being held in a rat-infested, overcrowded jail cell. Mallya, the former billionaire who was known as the “King of Good Times” in India, is fighting ...

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• 3 July

  HP, Dell to shift up to 30% of laptop outout from China

  

  Bloomberg HP Inc and Dell Technologies Inc plan to move as much as 30 percent of their notebook production away from China, the Nikkei cited anonymous sources as saying, as global technology giants scramble out of the way of escalating tariffs on US-bound goods. Microsoft Corp, Amazon.com Inc, Sony Corp and Nintendo Co are also looking to move some of ...

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• 3 July

  Tesla soars as Model 3 paces record quarter for deliveries

  

  Bloomberg Tesla Inc shares surged as a record quarter of deliveries alleviated the worst fears about demand for the Elon Musk-led company’s electric vehicles. The Model 3 maker handed over 95,200 cars to customers in the three months that ended in June, exceeding the previous best mark set in the last quarter of 2018. Tesla’s delivery count exceeded all but ...

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• 3 July

  French police raid Renault HQ as part of Ghosn’s probe

  

  Bloomberg French police raided Renault SA’s headquarters outside Paris to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn. A spokesman for Renault confirmed the police presence following a report by L’Express, while an official at the prosecutor’s office didn’t immediately respond to requests for comment. French investigators opened a probe earlier this year into whether ...

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• 3 July

  Unite buys UK’s Liberty Living for $1.8b

  Bloomberg Unite Group Plc agreed to buy fellow UK student-housing provider Liberty Living Group Plc for $1.8 billion in cash and shares. Unite is buying the assets from the Canada Pension Plan Investment Board, which will have a 20 percent stake in the group when the deal is completed in the third quarter, according to a company statement. Unite proposed ...

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• 3 July

  Alcoa’s workers accept offer, ‘exhausted’ from 18-month dispute

  

  Bloomberg An 18-month labour dispute at an aluminum smelter in Quebec controlled by Alcoa Corp ended after workers accepted a deal, defying the recommendation of their union’s leadership. About 80 percent of workers at the Becancour plant voted to ratify the offer after a meeting of the United Steelworkers in Trois-Rivieres, Quebec, the union said. Alcoa said it expects the ...

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• 3 July

  Trump’s tariff barrage forces EU into a corner

  

  Is there any method to Donald Trump’s madness on trade? Politicians and investors are all struggling to make sense of the US president’s tendency to stop, go, and reverse course in his dealings with China and Europe. Financial traders went to sleep basking in the glow of a trade truce with Beijing. They woke up to the news that the ...

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• 3 July

  The wrong way to protect privacy

  

  Members of Congress are finally getting serious about protecting privacy online. If only they had some better ideas on how to do so. The latest entrant is a bill sponsored by Senators Josh Hawley and Mark Warner. Among other things, it would require big tech platforms such as Facebook and Google to tell users how much money their personal information ...

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• 3 July

  Tesla deliveries: Top-line shot awaits bottom-line chaser

  Step One complete for Tesla Inc.: Deliveries secured. The company reported second-quarter production and sales numbers after the market closed, and they were smack in the middle of guidance. With doubts about Tesla’s ability to hit its figures after the first quarter’s washout, delivering more than 95,000 vehicles — a record — provided the predictable shot in the arm for ...

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• 3 July

  Lagarde is an inspired, unusual choice for ECB

  Christine Lagarde, nominated to lead the European Central Bank (ECB), will need all her proven attributes, and help from others, to succeed as the new leader of one of the world’s three most systemically important central banks. An inspired choice, she is uniquely well placed to build on her accomplishments as the managing director of the International Monetary Fund. In ...

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