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Grab’s upcoming $40bn Nasdaq listing is a key test for Asian tech

BusinessHot tropicsGrab’s upcoming $40bn Nasdaq listing is a key test for Asian techAs China’s internet giants swoon, a trio of new contenders is boomingA BIG CHANGE is under way in Asia’s technology industry. As investors avert their eyes from the government-imposed nightmare engulfing China’s internet champions, a cohort of South-East Asian counterparts...

Jack Dorsey goes Square—leaving Twitter at a time of his choosing

BusinessGoodbye @jack, hello @paragaJack Dorsey goes Square—leaving Twitter at a time of his choosingHis successor will have his hands full“THE COMPANY IS ready to move on from its founders,” explained Jack Dorsey, chief executive of Twitter, a distributor of short messages, as he announced on November 29th that he would step down and hand the reins...

Communist Party cancel culture targets internet celebrities

BusinessInternet censorship in ChinaCommunist Party cancel culture targets internet celebritiesNew rules restrict ads with stars, institute a blacklist and monitor fan groupsFANS OF HUO ZUN were dismayed in August when images of the pop star were blurred out during a performance on “Call Me By Fire”, a popular Chinese reality show. Mr Huo’s hands were...

American manufacturers race to relieve a pandemic-triggered ammo shortage

BusinessReloadedAmerican bullet-manufacturers race to relieve a pandemic-triggered ammo shortageSoaring demand for guns and ammunition comes from a range of demographic groupsJUST TWO companies, Vista Outdoor and Olin Corp, meet the bulk of America’s demand for ammunition, and chiefly through two long-established brands. Remington, part of Vista, was...

Decoupling is the last thing on business leaders’ minds

BusinessSchumpeterDecoupling is the last thing on business leaders’ mindsEven as America and China have turned inwards, interdependency remains the dominant themeIF YOU WANT to understand how Asia’s view of the world order has changed, consider the remarks of Lee Hsien Loong, Singapore’s prime minister. Asked recently if China was rising and the United...

KKR bids for Telecom Italia in a mammoth private-equity deal

BusinessEuropean telecomsKKR bids for Telecom Italia in a mammoth private-equity dealThe buyout would be the biggest ever of its kind in EuropeITALIAN HIGH finance usually starts winding down for the year in the first week of December when Milan, the country’s business capital, celebrates Ambrose, its patron saint. Not so this year. Over the weekend...

Vietnam has produced a new class of billionaire entrepreneurs

BusinessBack from the USSRVietnam has produced a new class of billionaire entrepreneursThe renaming of an Oxford college is just one sign of their cloutTHE ECONOMIC development of Vietnam now has a permanent monument in one of the world’s most prestigious seats of learning. After a $207m investment announced early this month by Sovico, a Vietnamese...

As devices morph into services, what is ownership?

BusinessiMac, iPhone, iRepairAs devices morph into services, what is ownership?Apple has performed a U-turn on customers’ right to fix its products after purchaseAPPLE’S PURPOSE has always been to empower the users of its wares. “People are inherently creative. They will use tools in ways the toolmakers never thought possible,” once opined Steve Jobs,...

How to manage the Great Resignation

BusinessBartlebyHow to manage the Great ResignationHigh staff churn is here to stay. Retention strategies require a rethinkIN THE NOT-SO-DISTANT past, bosses did not have to worry as much about their workforces. Newcomers could absorb the corporate culture osmotically. Workers’ families were invisible, not constantly interrupting Zoom calls. Employees...

New York eyes Milan

BusinessEuropean telecomsNew York eyes MilanKKR bids for Telecom Italia in a mammoth private equity dealITALIAN HIGH finance usually starts winding down for the year in the first week of December when Milan, the country’s business capital, celebrates Ambrose, its patron saint. Not so this year. Over the weekend a new dossier dropped into the in-tray...

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