Russian claims this week that they’ve been exonerated by Robert Mueller’s final report make my skin crawl. But they highlight the critical question of how the US and Russia can begin to move back towards a saner relationship. Frankly speaking (as Russians like to say), the first step is for Russia to stop pretending that it didn’t meddle in the ...
Read More »Macron keeps a door open for Brits
Emmanuel Macron is basking in the spotlight of Brexit. His performance at the summit of European leaders, in which he took a tough line publicly against the UK’s desperate request for a delay to the March 29th deadline, has been compared to Charles de Gaulle’s repeated refusal to let Britain join the European Community in the 1960s. An unconditional delay? ...
Read More »Cathay’s deal won’t bring cheap tickets
Budget aviation ain’t what it used to be. Passengers on Easyjet Plc aircraft can book fares that let them change flight times at no extra cost. Those on Singapore Airlines Ltd.’s Scoot and JetBlue Airways Corp. can pay for business-class seats, and people flying Juneyao Airlines Co. can collect frequent flier points and spend them on flights with Star Alliance ...
Read More »Draghi struggles with three big questions
For the best part of a decade, politicians and investors have looked at the European Central Bank (ECB) as a guiding light through uncertain economic times. They may need to adapt to a new reality. On three important questions for the future of the euro zone, the ECB just cannot make its mind up. The first dilemma is the outlook. The ...
Read More »Boeing will recover from setbacks of 737 crashes
Boeing Co. is in a heap of trouble right now — there’s no getting around it. The two deadly crashes of its new plane, the 737 Max, killing 346 people, have cost it an enormous amount of reputational capital, and will undoubtedly cost it a lot of money — in lawsuit settlements, in multi-million-dollar payments to airlines that have had ...
Read More »Hong Kong’s ripe for virtual banking wave
The world is littered with startups that have struggled to become genuine challengers to traditional banks despite chalking up plenty of customers. Hong Kong may be different. The city kicked off its virtual banking revolution by issuing three licenses, two of which went to ventures led by note-issuing banks. The Hong Kong Monetary Authority is processing five more permits. This ...
Read More »The car giants are really getting pretty desperate
In view of the bad feeling unleashed by Japan’s detention of Carlos Ghosn in November, one might have expected Renault SA to keep things quiet for a while. Ghosn was head of the giant Renault-Nissan carmaking alliance and one theory for his downfall was that he was pushing too hard for a full combination of the French and Japanese companies. ...
Read More »Apple video app embraces other devices only when needed
Bloomberg Apple Inc showed it can open up its software and services to devices that compete with its own — but only when absolutely necessary. The company’s updated TV app, including a new subscription for original movies and TV shows, will launch on iPhones, iPads, and Macs. But it will also be available via gadgets from Amazon.com Inc and Roku ...
Read More »Daimler bets big on self-driving trucks with Torc Robotics deal
Bloomberg Daimler AG’s truck unit agreed to buy a majority stake in US autonomous technology company Torc Robotics as the world’s biggest commercial-vehicle maker prepares to spend more than $561 million on self-driving vehicles in the next few years. The deal is part of a plan to start running highly automated vehicles on US roads, starting with routes between logistics ...
Read More »Jack Ma-backed mobile app mimicking Ant Financial
Bloomberg Mynt, the Philippine mobile payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image. The operator of the GCash app is now trying to become a conduit for insurance policies with the help of strategic partners that can help it ...
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