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This Is How a French Billionaire Retires

French billionaire Vincent Bollore plans to retire on Feb. 17, 2022, the 200th anniversary of his family-held Bollore Group. Before handing his far-flung empire to his children, the 65-year-old corporate raider has set himself one more task: creating a media giant close to home.He’s hitting obstacles on all fronts. Politicians,

Airbus Boss Nails Bombardier Timing

Just as he was being lampooned in Bild Zeitung’s dreaded “Loser-of-the-Day” column, Tom Enders proved his impeccable timing: Within hours, the Airbus chief had blindsided rival Boeing Co., expanded a strong U.S. beachhead, and won control of the most advanced single-aisle jet on the market—all without spending a penny.In the

Airbus to Buy Majority Stake in Bombardier C Series Jet Program

Bombardier Inc.’s C Series jetliner program, breathing new life into a slow-selling plane and opening a new front in the battle with United Technologies Corp. After the transaction, which is expected to be completed in the second half of next year, the Canadian planemaker will own about 31 percent of

Kushners Control of Familys NYC Crown Jewel Is Now in Jeopardy

An ambitious plan by Jared Kushner’s family to recast its indebted Fifth Avenue office building as a luxury architectural trophy is collapsing, setting off a chain of events that may imperil the Kushners’ ownership of a property central to their real estate empire.Their partner, Kushner Cos.’ losing control of the

Rio on Track for Record Iron Ore Exports as China Imports Surge

surged above 100 million tons to a record in September, topping a previous high set in 2015, as the world’s top steelmaker’s drive to boost air quality stokes demand for imported higher-grade and less-polluting raw materials. “Rio will remain a beneficiary of ongoing reforms in China, which appear to be

Storm Ophelia Kills 3 in Ireland’s Worst Weather in Decades

Storm Ophelia claimed its first victims in Ireland, as three people died amid some of the worst weather conditions to hit the country in 50 years.A woman in her 70s was killed after a tree fell on her car in Waterford in the south-east of the country, state broadcaster RTE

Kobe Steel Scam Hits Planes, Trains, Automobiles

Kobe Steel Ltd. has made a startling admission: It sold products that failed quality control tests to about 500 companies. Worse still, it did so not in error but by falsifying data to make it appear that items had made the grade. Aircraft, electronics, car and bullet train manufacturers were

Bitcoin surges past $5,000 per coin

Image: GeniusKp/shutterstockIt has happened: A single Bitcoin, the same digital cryptocoin that you could've bought for a couple of cents less than a decade ago, is now worth more than $5,000.  This isn't the first time Bitcoin crossed this milestone — at some exchanges, it was briefly over $5,000