PARIS—Air France took delivery of its first compact Airbus A220 jetliner on Tuesday, pledging greater comfort and lower emissions on short routes as its Franco-Dutch parent pushes ahead with a broader fleet shake-up to streamline costs. The French airline, part of the Franco-Dutch Air France-KLM group, said the 148-seat, Canadian-designed jet would reduce fuel consumption…
Tesla’s German Landing Will Fuel Competition: Volkswagen CEO
September 24, 2021
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FRANKFURT—The planned opening of Tesla’s first gigafactory in Europe later this year will force local industry to step up its game, Volkswagen Chief Executive Herbert Diess said on Friday. Diess’ comments, made on Twitter, come as Tesla continues work on its plant in Gruenheide, near Berlin, as it awaits final building approval for the 5.8…
US to Award Newark Flights to Low-Cost Carrier to Spur Competition
WASHINGTON—The Biden administration announced on Thursday that it plans to award 16 slots for flights at Newark International Airport in New Jersey to a yet-to-be-determined low-cost carrier and said it could take action to boost competition at other major airports. The U.S. Justice Department, which had urged the Transportation Department to not retire the slots…
Oracle Revenue Falls Short of Expectations as Cloud Competition Rises
Enterprise software firm Oracle Corp. fell short of Wall Street expectations for first-quarter revenue on Monday, hurt by competition in the cloud computing space. Shares of the Austin, Texas-based company pared losses and were down 1.4 percent in extended trading after the company forecast second quarter adjusted earnings per share above expectations. The company expects…
As Big Firms Get Bigger, Managing the Economy Gets More Difficult
Big companies have strengthened their dominance in the economy relative to small businesses amid the pandemic and a rise in mergers and acquisitions (M&A) is afoot.
NTD Business Full Broadcast (July 9)
President Biden signs an executive order to promote competition. What’s in it and will it really help to promote competition? Car prices are driving up the inflation rate. Why are cars so expensive now and why does demand remain high? China’s central bank cut’s reserve requirements to spur the economy. What does that tell us…
Orange County High School Stays Open During Pandemic, Breaks Athletic Records
June 29, 2021
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An Orange County, Calif. private school that stayed open for in-person instruction throughout the COVID-19 pandemic set athletic records, reported a high academic performance, and dramatically increased its enrollment, its staff says. Calvary Chapel High School (CCHS) in Santa Ana set a school record during the 2020-21 school year, winning seven league championships, said its athletic director and boys basketball coach…
German Antitrust Watchdog Launches Investigation Into Apple
BERLIN—Germany’s antitrust watchdog said on Monday it had launched an investigation into whether Apple was exploiting its market dominance, following similar proceedings into U.S. tech rivals Facebook, Amazon, and Google. Based on new competition law rules specifically intended for large digital companies, Germany’s Federal Cartel Office (FCO) said it would assess whether Apple has a…
EU, UK Investigate Facebook Over Classified Ad Competition
LONDON—European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services. The coordinated effort represents an escalation by European regulators in their battle to rein in the dominance of big tech companies. The focus of the investigations…
Amidst Geopolitical Clamor, Indian Silk Industry Identifies Illegal Chinese Dumping
VARANASI—Last year as the bilateral relations between India and China reached their abysmal low after a bloody conflict in Galwan, the silk industry of India reiterated its call for a ban on silk imports and illegal silk dumping from China, saying this was an effort to destroy the indigenous Indian industry. China is the largest…
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