By 2100, less than one in ten people will be Chinese, compared to close to one in five today. That's according to the United Nations, which predicts that China's population will fall by 375 million by 2100. India is projected to take over as the world’s most populous country around 2027, while the U.S will eventually drop to fourth place behind Nigeria.
For the first time next year, the cost of electricity coming from wind and solar farms is set to fall below prices in the wholesale market in Germany, Britain and France, according to data from Bloomberg NEF. It’s a sign that much of Chancellor Angela Merkel’s clean energy goals may be delivered without much more financial support from the government in the years ahead.
We asked 10,473 MBA graduates from the class of 2018 how much they borrowed to pay for school. Survey choices were in brackets of $50,000. To give a feel for how quickly students could pay off their student loans, we contrasted debt outstanding with the median starting salary at each school, based on data we collected for our Best B-Schools Rankings. Some patterns emerged. Nearly half the students at some of the top-ranked business schools had debt outstanding of at least $100,000. Students graduating from schools outside the U.S. generally had far less debt. Read more on bloomberg.com/business-schools/2018
Twitter users saw a strange tweet floating around their timelines – someone called Daddy DotCom said they deleted their Twitter account. Look closer, and you see that the account actually belongs to Tesla CEO Elon Musk. 10 months after Musk's use of Twitter landed him in trouble with U.S. regulators, he changed his Twitter display name to Daddy DotCom on Father's Day. As part of a court settlement with the Securities & Exchange Commission, Musk is required to have Twitter posts approved by a company lawyer if they have the potential to affect the company's stock.
Hong Kong rose up in defiance on Sunday, jamming the streets and drawing a formal apology from embattled leader Carrie Lam over a controversial extradition bill that has now been suspended. While organizers said more than a quarter of the city’s 7.5 million residents responded to its call to march, police said some 338,000 joined the protest’s main routes during the peak.
China is building the factory of the future by embracing automation.
🌡️Climate skeptics are are starting to drown in a sea of believers. Average temperatures have been rising for more than 40 years, making global warming the only reality for billions of people. Anyone born on or after 1977 has lived their entire lives in an already changed climate, writes Nathaniel Bullard for @bloombergopinion. In 2015, the global median age was just below 30, so a changing climate is the only thing most people on Earth have known.
PetSmart-controlled Chewy surged in its first day of trading after raising $1.02 billion in an IPO, as investors bet that pet owners will do more of their shopping online for everything from cat food to doggy sweaters. The @nyse welcomed some furry friends to celebrate this past week.
The heirs to some of capitalism’s greatest fortunes have started attending classes costing $12,000 at Harvard on "Impact Investing for the Next Generation." The program, launched in 2015, has largely spread through old-money networks and among European royalty. Chung Kyungsun, grandson of Hyundai Group’s founder (pictured), is one alumnus who are seeking to convince their family to make investments designed to benefit society while also making a profit. The theory is that families and institutions can invest more cash because they’ll eventually make it back. With some of Chung’s impact investments coming good, his father is now looking to contribute more of the family’s money.
Airbus is considering bringing the world’s first hybrid-electric airliner to market as it weighs its strategy for replacing the bread-and-butter A320neo narrow-body in the next 15 years, a move that would mark a technological leap for the aerospace industry. The European planemaker has grown confident that the revolutionary propulsion system will be ready for roll-out on an all-new single-aisle jet around 2035, according to people with knowledge of its planning.
See those Treasury bills featuring pictures of famous Italians? They're causing great uncertainty in the markets. These small-value notes are supported by the anti-establishment Five Star Movement, who included the idea in its 2018 legislative agenda. The aim? Kickstarting a sluggish economy. Now investors are concerned that the mini bills could become a de facto parallel currency, since they could be used not only to pay taxes but also to buy goods and services.
A U.S. business conditions gauge compiled by Morgan Stanley dropped this month by the most on record to the lowest since 2008, adding to recent signs that the world’s largest economy is slowing. Indicators from services to manufacturing and hiring all cooled, dragging the headline index to 13, far below the 33 threshold consistent with positive real economic growth, economists led by Ellen Zentner wrote in a note. Read more on bloomberg.com.