That Nokia phone has old history. do you see Concorde Passenger plane built in US?
Europe has very long history in fundamental research, product development. They do have CERN. All this Roche holdings, ABB engineering, DCNs are Europe based. they may not be directly consumer related. they didnot have single currency untill year 2000. The Euro started and they were able to implement big projects as monetary and fiscal union take shape. They are so far ahead now that US even with Mexico and India help they will just laugh at it and consider it as south country rather than North.
If you have to count companies like ABB, I can say Japan has history going back to 100 years with companies like Matsushita and Toshiba.
BTW, the cell phone was first commercialized by sprint in 1976 in the USA. And I hardly count vanity projects like Concorde or A380 as innovation. To be precise, I call these as the application of technologies developed by the USA.
I was just trying to understand if I have missed something seminal coming out of Europe. Looks like nothing came out. So, I missed nothing.
USA is a business economy, giving freedom to innovate, protect the intellectual property (Patent, copyrightâŚetc) for the innovator to grow, but comply the local law.
US has laid out a nice structure that attracts crowd, simply state : You have the talent, we (USA) have a place for you to find money (IPO, loans etc) to support your innovation and grow together. Any earnings, comply tax law, so that tax goes to government.
It is like you and me work together, live together kind of partnership.
do you think North Europe firms were not testing mobile phone tech before they sold to Saudis? who wanted the best thing at the time as they had small population and spread out cities in hot desert climate. here small storm and mobile phone service become unstable and that is year 2020.
Concorde and A380 not vanity projects. Concorde span the Dassault Falcon business jets business.
Boeing need of Europe will keep increasing. your missing the big idea that the direction of European engineering and trade is changing/
Necessary condition but not sufficient. Miss my point too. $$$ not stolen or robbed is a BIG deal.
In many nations, becoming billionaire is not the biggest issue. Holding on is a BIG issue. Need to spend a fortune to lubricate the right people.
To make it more blunt for you, attracting working class is no big deal. Nations want the entrepreneurs that can create thousands to millions of jobs, not some âtalentedâ folks earning W2 - those are easy to attract.
Why do not just use words like Property Rights to make your point? Property rights are under attack all over the world for last 150 years. It must be stopped.
Alibaba creates applications that can run the entire business of a supplier. Alibabaâs cloud has made its Ant Financial bigger than most banks. Alibabaâs cloud doesnât just buy and sell, and itâs not just rented out. It controls the companies who do business on it.
Exactly, weâre a sovereign nation Who does Pompeo think he is? Pushing other nations, entices and threats, to do what they donât want to do.
@erth USA is just as horrible as other nations that Pompeo claims are cheating and unfair practice. The difference is USA has the strongest military and can intimidate others. Not every nations are fearful of that.
Shell Asset Management Company B.V. cut positions in Apple (ticker: AAPL) andAT&T (T) stock in the second quarter, while buying more Starbucks (SBUX) and Alibaba Group Holding (BABA) securities.
What is the purpose of barron.com publishing this? Psychologically push others to sell AAPLs? Buy BABAs? RDS is merely balancing its portfolio, all funds have a formula for balancing portfolio regularly to avoid over-exposure to another one stock/ sector/ industry.
I dont think it is only public pushing around. EU no longer trust the competence of US in infrastructure projects or any engineering projects for that matter and with more identity politics and different imimigration flows. that view will further make EU a competitor. Euro moving up. some people made 10% in recent months and with global acccounts practically tax free.
Asked at a news conference whether there were other particular China-owned companies he was considering a ban on, such as Alibaba, Trump replied: âWell, weâre looking at other things, yes.â
Apparently not just infrastructure and engineering projects. Even geo-politics. These âelite nationsâ donât want to openly oppose, so they abstained
These countries are sophisticated in there conduct.
See UAE example one side favoring Trump with Israel relations in Public but doors are further open to China.
We have another Canada example where Merit based and just general immigration is highest compared to local population. So despite so much talent it forced to sell engineering firms like Bombardier/Nortel.
but Canada has 35 million population it can manage to certain extent with timber and oil. Attracting best and brightest not alone can make big projects work.
âHuawei is probably finished as a maker of 5G network equipment and smartphones once its inventories run out early next year,â said Dan Wang, of Gavekal Research in a report on the sanctions titled: âA Death Sentence For Huaweiâ.
âThis now stops [US chipmakers] Nvidia, Intel, everyone, and they were not impacted before,â said an industry expert, adding that the tighter restrictions would affect billions of dollars in business across the sector.
Watch out Tim Apple. Payback time.
âGiven such sanctions significantly impact Huawei, there could be retaliation from China,â said Sebastian Hou at CLSA. He named Apple, Huaweiâs competitor in the smartphone market, and Qualcomm as potential targets.
I wonât ban semi and hi-tech, I would ban combustion engine auto and heavy machinery. These have moral high ground - climate change - save the Earth.
Who does Pompeo think he is? Pushing other nations, entices and threats, to do what they donât want to do.
