Business as Usual

Ah, peacetime, when businesses turn their attention back to conflict-free topics like, er, chemicals, military planes and the chasm dividing the U.S. and Europe. Look at last week's host of transatlantic trade disputes: U.S. enginemaker Pratt & Whitney had a €2.5 billion contract for the A400M military-transport plane yanked away after Airbus bowed to government pressure to "keep this project European," as French President Jacques Chirac helpfully put it. P&W's initial bid was lower than the one by consortium EuroProp. But thanks to promised government aid,...

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