Business

Business

EU digital strategy divides, doesn't conquer

(c) 2016, Bloomberg View. Perhaps the biggest reason Europe hasn’t produced digital economy giants like Google, Amazon, Facebook or Netflix is that there’s no such thing as “Europe.” Starting out in Sweden, France or Germany, a company is not European -- it’s Swedish, French or German. Tax...


Business

How Alibaba won _ and lost _ a friend in Washington

China Alibaba Anti-Counterfeit Group

SHANGHAI (AP) — In 2011, a respected anti-counterfeiting coalition in Washington escalated its fight against the Chinese e-commerce giant Alibaba, saying that its websites served as a 24-hour market “for counterfeiters and pirates” and should be blacklisted. Fast forward to 2016. That lobbying...


Business

Chinese theme parks have a lot to learn from Disney


Business

Japan's Abe says China isn't doing enough to fix steel glut

(c) 2016, Bloomberg. Japan’s Prime Minister Shinzo Abe said China isn’t doing enough to tackle oversupply in its steel industry, after Group of Seven leaders pledged to fix excess industrial capacity and a global glut of the metal caused by government subsidies and support. “The Chinese government...


Business

Miami's condo frenzy ends with inventory piling up in new towers

(c) 2016, Bloomberg. Miami’s crop of new condo towers, built with big deposits from Latin American buyers and lots of marketing glitz, are opening with many owners heading for the exits. A third of the units in some newly built high-rises are back on the market, though most are listed for more than...


Business

World leaders tangle over growth recipe amid rising risk

(c) 2016, Bloomberg. World leaders meeting in Japan tangled over how to push the global economy toward growth amid an array of risks including geopolitical tensions, a slowdown in China and Britain’s potential exit from the European Union. The Group of Seven industrial nations -- the United States,...


Business

Saudi Aramco lifted 2015 oil output to record in market spat

(c) 2016, Bloomberg. Saudi Arabian Oil Co., the world’s largest crude producer, increased output to an all-time high last year while keeping its reserves unchanged as the kingdom battles for market share. Saudi Aramco, as the state-owned company is known, produced 10.2 million barrels a day of...


Business

Chevrolet Cruze: An American institution gets back on track

Special To The Washington Post. General Motors says 53 percent of today’s Chevrolet customers are new to the division, the company’s largest. If true, that is a very good thing. Those new customers are experiencing a Chevrolet that passionately understands it has to compete worldwide for customer...


Business

Finding better ideas to rebuild the American economy

(c) 2016, Bloomberg View. The just-published book “Concrete Economics,” by University of California-Berkeley professors Brad DeLong and Stephen S. Cohen, needs an expanded sequel -- 900 pages long, with charts, data, theory and an exhaustive list of historical case studies. That book would become...


Business

U.S. economy grew more last quarter than previously estimated

(c) 2016, Bloomberg. The U.S. economy expanded at a slightly faster pace in the first quarter than previously estimated, reflecting less damage from trade and inventories. Gross domestic product rose at a 0.8 percent annualized rate in the three months ended in March, the smallest gain in a year,...


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