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Business Standard
12 hours ago
- Business
- Business Standard
China weighs ordering up to 500 Airbus jets during EU leaders' visit
By Siddharth Philip and Danny Lee China is considering placing an order for hundreds of Airbus SE aircraft as soon as next month, when European leaders visit Beijing to celebrate the countries' long-term ties, according to people familiar with the matter. Deliberations are underway with Chinese airlines about the size of a potential order, said the people, who asked not to be named discussing confidential matters. A deal could involve about 300 planes and include both narrowbody and widebody models, they said, with one person saying the order could range between 200 and as many as 500 aircraft. Negotiations are fluid and could fall apart or take longer to reach a conclusion, the people said. The European planemaker rose as much as 2.3 per cent in early Paris trading. Rolls-Royce Holdings Plc, which makes engines for Airbus's widebody aircraft, rose as much as 0.7 per cent in London. French President Emmanuel Macron and Chancellor Friedrich Merz of Germany are among leaders that may visit Beijing in July to mark 50 years of diplomatic relations between China and the European Union. Their countries are the two biggest owners of Airbus, and a high-profile deal with the planemaker would allow Chinese President Xi Jinping to send a message to US President Donald Trump over trade. China and the US — the world's two biggest economies — are at loggerheads over trade rules that Trump is determined to reset during his second presidential term. Should the two sides resolve their differences, Airbus rival Boeing Co. could potentially win big — the US planemaker is America's biggest exporter and a jet sale was featured in a US-UK trade deal in May. To date, however, Boeing has been penalized in China. In April, authorities in Beijing told airlines to stop taking deliveries of Boeing jets. Trade tensions and the crises that befell the 737 Max jet date back years, and have given Airbus an upper hand in what was once a carefully balanced market between the two dominant planemakers. Widebodies would be a significant portion of a new Airbus order, the people said, with one person saying the A330neo, the planemaker's smallest twin-aisle model, could win some sales. The number of twin-aisle jets in backlog for China's state-run and privately operated carriers has dwindled, as Boeing has traditionally sold more in the market. Should the order run to 500 planes it would rank as one of the biggest ever and certainly the largest for China, eclipsing an order for about 300 single-aisle Airbus jets made in 2022 that was then worth around $37 billion. Air India Ltd. inked an order for 470 Airbus and Boeing planes back in 2023 and another Indian airline, IndiGo, placed a record-breaking order with Airbus in mid 2023 for 500 narrowbody aircraft. Boeing hasn't won a major order from China since at least 2017 due to trade tensions and self-inflicted issues. In 2019, China became the first nation to ground the 737 Max following two deadly crashes. Trade disputes with the Biden and first Trump administrations also helped tilt Chinese orders toward Airbus. Then in 2024, Boeing suffered a quality crisis when a door plug blew out mid-flight in January. Any deal would likely be carried out through China's state-run aircraft procurement body, which typically negotiates on behalf of the country's airlines.
Sky News AU
a day ago
- Business
- Sky News AU
ASX 200 approaches all-time high point after Wall Street surges on the back of positive jobs numbers despite trade war
The ASX 200 has jumped 0.5 per cent on Wednesday after Wall Street surged on the back of strong jobs numbers that came at odds with concerns about Donald Trump's trade war. The jump puts the index about half a per cent from its February high point before the tariff announcements sparked massive sell offs amongst investors. It follows the ASX 200 finishing up about 0.7 per cent on Tuesday, despite IDP Education suffering a devastating 48 per cent share price drop after the company forecasted its earnings would halve. IDP has pared back some losses on Wednesday, with the stock up 4.6 per cent in the first 30 minutes of trading. The biggest movers so far include Judo Capital (up 6.5 per cent), Paladin Energy (up 6.1 per cent) and Boss Energy (up 5.3 per cent). Wall Street was in the green on Tuesday with the Dow Jones up 0.5 per cent, the S&P 500 rising 0.6 per cent and the Nasdaq jumping 0.8 per cent. Major chipmakers helped pushed the indexes up with Nvidia adding 2.8 per cent and Broadcom rising 3.3 per cent after the company said it had begun exporting its latest chip. The indexes were also boosted by US job openings unexpectedly rising in April to 7.4 million from 7.2 million despite Donald Trump's trade war, pushing the S&P 500 within three per cent of its all time high. London's FTSE 250 Index finished flat on Tuesday, while Germany's DAX Index jumped 0.7 per cent and the STOXX Europe 600 rose 0.1 per cent. New Zealand's NZX 50 Index has surged 0.6 per cent on Wednesday while Japan's Nikkei 225 has risen almost 0.9 per cent.
Indian Express
2 days ago
- Politics
- Indian Express
In 50 years of statehood, Sikkim has emerged from being a small Himalayan outpost to a sustainable development leader
Written by Vimal Khawas and Rakhee Bhattacharya Fifty years ago, on May 16, 1975, Sikkim began its journey as the 22nd state of the Indian federation. Its merger with India was rooted in a complex interplay of internal dissent and India's larger geostrategic interests. Sikkim, with a population of just 0.7 million, accounts for a mere 0.05 per cent of India's population. Despite its small size, this Himalayan state has emerged as a model for sustainable development over the past 50 years, achieving remarkable economic prosperity, socio-political harmony, and environmental stewardship. With a per capita income of Rs 5.88 lakh in 2024, Sikkim ranks among India's top-performing states. From a modest agrarian economy in 1975, with a GSDP of Rs 50-100 crore, it has grown at a CAGR exceeding 13 per cent, driven by eco-friendly policies and consistent governance. Sikkim's focus on sustainable development has set it apart. By leveraging its indigenous and agrarian strengths, the state achieved economic self-sufficiency, boasting the highest per capita developmental expenditure in India. In 2016, Sikkim became the world's first 100 per cent organic state, a transformative initiative launched in 2003 to protect its fragile environment and promote healthy living. This milestone earned global recognition, including the UN Sustainable Development Leadership Award in 2016 and the UN FAO's Future Policy Gold Award in 2018. In 2024, Sikkim's eco-friendly programme, Mero Rukh, Mero Santati (My Tree, My Legacy), received the SKOCH Silver Award at COP 28, reinforcing its status as a global leader in sustainability. The state has invested in social infrastructure and its literacy rate has risen from 17 per cent in 1971 to over 90 per cent in 2025, supported by a free education policy up to the college level with a student-teacher ratio of less than 8:1, the best among Indian states. The healthcare system has likewise progressed significantly. With one doctor per 595 people in 2019, it is far higher than the national average. The Infant Mortality Rate in the state, at five deaths per 1,000 live births, is one of the lowest in the country and the Total Fertility Rate, at 1.1 children per woman, is also very low as compared to the national average, as of 2019-21. Sikkim has shown notable improvement in the 'quality of life' indicators over time. Household access to electricity (99.3 per cent) and sanitation facilities (85.3 per cent) is much better than the national average, but access to drinking water (94 per cent) is slightly below the national benchmark, as of 2021. The state continues to focus on social infrastructure and has the highest per capita social expenditure of Rs 35,673 among Indian states. The transformative Dhara Vikas Abhiyan, launched in 2008, exemplifies an innovative approach to sustainable life in the hilly terrain of Sikkim. This initiative combats water scarcity in drought-prone south and west Sikkim by reviving drying springs using hydrogeological techniques like contour trenches and percolation pits. Sikkim has significantly improved road connectivity, increasing road density from 12 km per 100 sq km in 1975 to 148 km in 2020, despite its challenging hilly terrain. Income poverty dropped from 30.9 per cent in 2004-05 to 2.6 per cent in 2023-24, driven by inclusive policies. Consequently, Sikkim's HDI rose from 0.55 in 1990 to 0.83 in 2024, ranking it second in India after Goa (0.85). Social empowerment has been systematically backed by political rights at the grassroots level. Sikkim has bagged six National Panchayat Awards in 2024 and the Sarojini Naidu Women Achievers' Award in 2023 for 14 women, highlighting its social progress. Sikkim was granted special status under Article 371F of the Indian Constitution during its merger with India in 1975, providing safeguards to preserve its unique traditional land, culture, and laws, including restrictions on property ownership by non-Sikkimese residents. It has helped the state not only preserve its traditions but also create a shared space among the communities, which consists of Nepalis, Bhutias, and Lepchas with a harmonious blend of cultures. Both Hinduism and Buddhism have shaped their vibrant culture and created social cohesion as a strong pillar for Sikkim's progressive journey, while maintaining its distinct identity. It is noteworthy that Sikkim is the only state that has never confronted any major community conflict or internal security threat. Fifty years of such progressive policies have made this small Himalayan state a bright spot in India. It is arguably the most progressive state in Northeast India. A pristine Himalayan state with rich biodiversity and cultural heritage, Sikkim has become a global and national tourism destination. From just 5,000 tourists in 1975, Sikkim welcomed 13.2 lakh visitors in 2024, a 260-fold increase. Contributing 8-10 per cent to the GSDP, tourism has increasingly become the most important parameter of Sikkim's economy. Being a fully organic state, Sikkim attracts environment and health-conscious travellers. Despite its achievements, Sikkim faces significant challenges. Natural disasters and climate change threaten the state, while its hilly terrain limits infrastructure and industrial growth. Social issues, such as increasing suicide rates and crimes against children, demand urgent attention. With 70 per cent of its revenue reliant on central funds, Sikkim must strengthen its financial independence. Prioritising equitable development over GDP is crucial to ensure inclusive progress in the state's development journey. The writers are professors, Special Centre for the Study of North East India, Jawaharlal Nehru University, New Delhi
Axios
5 days ago
- Business
- Axios
Trade threats consume the U.S. economy
An upbeat inflation report on Friday was overshadowed by President Trump's warning about escalating U.S.-China trade tensions. Why it matters: Little captures the rattled state of the American economy like the morning's sequence of events. Inflation kept decelerating in April, defying gloomy warnings about tariff-related price hikes. But Trump's social media post about China, pushed out minutes before the data hit the tape, was a clear reminder that the economy is largely at the mercy of the White House's trade agenda. By the numbers: The Personal Consumption Expenditures Price Index — the Federal Reserve's preferred inflation gauge — was benign for yet another month. After a streak of hot reports, the economy looks to be solidly back on a disinflationary path. The core measure that excludes food and energy increased 2.5% from a year ago, the lowest annual gain since February 2021. By another measure, core PCE rose at a 2.7% annualized rate over the last three months — down sharply from 3.5% in March. What to watch: So far, Trump's trade drama has played out against a largely favorable economic backdrop. But spending data released with the upbeat inflation figures offers an early warning that this backdrop might be shifting. Personal consumption expenditures rose 0.2%, a pullback from the 0.7% increase in March. Spending on services was partially offset by a drop in goods purchases. That is despite another jump in disposable income, which rose 0.8% last month, up from the 0.7% increase in March. The Commerce Department said that jump largely reflected new legislation that allowed certain public sector employees to receive more Social Security benefits. The personal saving rate soared by 0.6 percentage point to 4.9%, as consumers socked away more of their income than they spent. What they're saying:"The U.S. consumer remains resilient, though that resilience, to some degree, is underpinned by fear of what's likely to come," Olu Sonola, an economist at Fitch Ratings, wrote in a note Friday morning — referring to tariff-related disruptions. "The Fed will welcome the favorable inflation reading in this report, but they are likely to interpret it as the calm before the storm. They will continue to wait for the storm—unless consumer spending buckles and the unemployment rate rises rapidly," Sonola added. State of play: Trump implemented the steepest tariff rates to date in April before backing off days later. China was the exception, with U.S.-bound goods taxed at 145% for much of April. Economists don't expect price pressures to seep into the data until the summer months. Retailers are rolling through inventory stockpiled before the worst of the tariffs took effect. The bottom line: Even if the courts decide Trump's expansive tariffs are illegal, the White House can implement the levies through other authorities.
Yahoo
6 days ago
- Business
- Yahoo
What Analyst Projections for Key Metrics Reveal About Hewlett Packard Enterprise (HPE) Q2 Earnings
Wall Street analysts expect Hewlett Packard Enterprise (HPE) to post quarterly earnings of $0.34 per share in its upcoming report, which indicates a year-over-year decline of 19.1%. Revenues are expected to be $7.47 billion, up 3.7% from the year-ago quarter. The consensus EPS estimate for the quarter has undergone an upward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe. Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock. While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding. Given this perspective, it's time to examine the average forecasts of specific Hewlett Packard Enterprise metrics that are routinely monitored and predicted by Wall Street analysts. The combined assessment of analysts suggests that 'Revenue- Financial Services' will likely reach $873.87 million. The estimate suggests a change of +0.8% year over year. The average prediction of analysts places 'Revenue- Corporate Investments and other' at $208.01 million. The estimate indicates a change of -17.5% from the prior-year quarter. Analysts predict that the 'Revenue- Intelligent Edge' will reach $1.15 billion. The estimate indicates a change of +6% from the prior-year quarter. According to the collective judgment of analysts, 'Revenue- Americas' should come in at $3.22 billion. The estimate indicates a change of +2.5% from the prior-year quarter. Analysts expect 'Revenue- Asia Pacific and Japan' to come in at $1.52 billion. The estimate indicates a year-over-year change of -5.4%. The consensus estimate for 'Revenue- Europe, Middle East and Africa' stands at $2.59 billion. The estimate suggests a change of +5.7% year over year. The collective assessment of analysts points to an estimated 'Earnings from Operations- Financial Services' of $74.64 million. Compared to the present estimate, the company reported $81 million in the same quarter last year. Based on the collective assessment of analysts, 'Earnings from Operations- Intelligent Edge' should arrive at $287.63 million. Compared to the present estimate, the company reported $237 million in the same quarter last all Key Company Metrics for Hewlett Packard Enterprise here>>>Shares of Hewlett Packard Enterprise have experienced a change of +9.1% in the past month compared to the +6.7% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), HPE is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
