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Posts tagged to canada

Siemens Alstom merger: Deal necessary to compete against China state-backed CRRC

MarketLine

The merger between Siemens and Alstom will create a company able to compete against the largest train companies in the world. Previous talks between Siemens and Canada based Bombardier failed but showed the mood in the market was towards consolidation. A merger between two leading European companies is necessary if Europe is to remain relevant. The Chinese CRRC is armed with massive resources and is pressing ahead with highly advanced technology. The importance of the ability of Europe to compete was underlined by the decision of the French government sold… Read more

Boeing vs. Bombardier: Tariffs justified as Bombardier receives state aid

MarketLine

In September 2017, the US Department of Commerce announced the preliminary decision to implement import tariffs of approximately 220% on any imports of Bombardier’s C-Series jets into the US. Following a complaint by major competitor Boeing that Bombardier was dumping its jets into the US market as below cost-price, the tariff plan has met with widespread criticism across Canada – where Bombardier is based – and in the UK, where wings are built in a plant in Belfast, currently providing 4,200 jobs. In reality the tariff – which would more… Read more

Donald Trump: The Anti-Globalism Billionaire

MarketLine

Since revealing plans to run for President, billionaire businessman Donald Trump has expressed surprising anti-globalist sentiments. For a man who’s made his fortune running luxury resorts across the globe, it is initially surprising that he would claim to oppose trade blocs, a major driver of globalization and free trade. But perhaps Donald Trump is taking his new job seriously. The ex-businessman is now the most powerful person on the planet and that comes with certain responsibilities. The US people voted for a populist, radical alternative to the established political system… Read more