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Bloomberg Europe’s space champions are urging buyers at home to favor their technology over that of foreign rivals, as competition intensifies from the likes of Elon Musk’s Space X. As executives from the space industry meet in Paris this week for the World Satellite Business conference, French satellite operator Arianespace is calling on Europe to translate its space sovereignty ambitions ...
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September, 2018
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11 September
Trump’s trade war is just fine with China’s Xi Jinping
Anyone who expects China to concede defeat in its trade war with the US should read about Biobase Group. The Chinese manufacturer of laboratory equipment once struggled to win orders even at home in an industry dominated by foreign products. But the company’s prospects have brightened as the trade war prompts customers to turn to domestic alternatives. “The local market ...
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11 September
Ma’s rich Asian odyssey has a timely end
Americans like to celebrate the wealthy. The Chinese, Crazy Rich Asians aside, tend to be a lot less indulgent. That goes some way to explaining Jack Ma’s plans to retire as Alibaba Group Holding Ltd.’s co-founder and the almost daily unwinding of China’s once high-flying (debt-fueled) private conglomerates, including HNA Group Co. and Dalian Wanda Group Co. Ma said Monday ...
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11 September
How American women help the goldilocks economy
America’s female workers deserve more appreciation: They’re playing a crucial role in helping the US economy grow without stoking unwanted inflation. By many measures, the US is at or near full employment, the point at which demand for workers should push up wages and prices. The unemployment rate is at an extremely low 3.9 percent, and the number of available ...
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11 September
The rupee is falling and New Delhi should let it
The Indian rupee has been sliding against the US dollar in recent days as emerging markets come under pressure. That’s made the currency one of Asia’s worst performers, losing 12 percent this year. The rupee’s latest moves have sparked a debate in India. The Reserve Bank’s stated policy is to reduce volatility, rather than target a specific level for the ...
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11 September
Brexit talks lifted by spirit of UK-EU compromise
The back-to-school air brought a reality check to the Brexit negotiations. The good news is that the ticking clock has forced all sides to take a hard look at the dangers of an abrupt split between the UK and the European Union (EU). Most have concluded that separating on unsettled terms would create chaos for businesses and consumers and leave ...
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11 September
Elon Musk’s joke isn’t funny anymore
You might think a celebrity CEO smoking weed on a live show just after a class-action lawsuit was filed against his firm is the sort of thing a financial columnist dreams about. And you’d be right. But it also presents something of a conundrum: What can sensibly be written about Elon Musk at this point that doesn’t come off as ...
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11 September
The promise and peril of South African land reform
Right-wing groups have been sounding the alarm about proposed land reforms in South Africa, where the ruling African National Congress party is preparing to amend the country’s constitution to make it easier for the government to redistribute farmland without compensation. On August 22, President Donald Trump caused a stir with a tweet on the subject: The tweet, possibly intended to ...
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11 September
Boeing’s China outlook faces Trump’s trade war headwind
Bloomberg Boeing Co. painted an optimistic forecast for China, an aviation market soon poised to become the world’s biggest. The planemaker also needs to overcome a tit-for-tat trade war that President Donald Trump is ratcheting up. The country will need 7,690 new planes worth $1.2 trillion over the next two decades, the Chicago-based planemaker said in Beijing. That’s a 6 ...
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11 September
Leonardo talks to buyers for Iran ATRs
Bloomberg Italy’s aerospace giant Leonardo SpA says ATR, which it co-owns with France’s Airbus SE, is in talks with alternative buyers for the remaining aircraft in a $1.6 billion deal with Iran, which it can no longer deliver due to sanctions. “We are pretty confident that we will finalise the re-allocation to other countries†by the end of this year, ...
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