Can an Anglo-French challenger compete with space billionaires?
Elon Musk and Jeff Bezos both want to deliver lucrative high-speed internet services from space, but as the FT’s Peggy Hollinger explains, a new Anglo-French player is making plans to strengthen their position in the market. OneWeb and Eutelsat will join forces to challenge the billionaires, but Eutelsat’s decision to suspend dividends to pay for upgrading and expanding the fleet has some shareholders seeing red.
Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities...
A number of governments, central banks and even some economists now advocate a switch to all-digital currencies. With the rapid rise of mobile payments, the long-term survival of cash seems precarious.
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries.
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