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Summer is in the air. People in the northern hemisphere are starting to discuss holiday plans and making some bold wardrobe choices. Recommendations for beach reads are coming out left, right and centre. The oddest of such lists are those aimed at the relaxed executive. Listen to this story. Enjoy more audio and podcasts on…
Read moreThe spiritual home of Mars Inc is Slough, an unprepossessing town somewhere under the flight path to London’s Heathrow Airport. It is not a place that sweet dreams are made of. It serves as the British backdrop for Ricky Gervais’s “The Office”. It is also the place where Forrest Mars, in the Depression of the…
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Jun 28th 2022 (Updated Jun 29th 2022) | San FranciscoOn a busy street in downtown San Francisco sit the former headquarters of Fast, a maker of checkout software for online merchants. The offices look quiet; a for-let sign hangs above one of the windows. That is a departure from its management’s flashy habits. Last year at…
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A high-tech development zone in the city of Wuhan has been abuzz since March, when the local government announced the creation of a 10bn-yuan ($1.5bn) investment vehicle. The Optics Valley Hi-Tech Venture Capital Guidance Fund aims to combine the animal spirits of private capital with the industrial objectives of the state. Its general manager, Li…
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If there is one thing guaranteed to get Americans to stand to attention it is cheap Viagra. On June 2nd a firm owned by Mark Cuban, a billionaire investor (as well as a judge on “Shark Tank”, a tv show for budding entrepreneurs, and the owner of an nba basketball team), caused a stir by…
Read moreIn china’s world of video-game warcraft the phrase chong ta describes the storming of a castle before you are equipped with the right weapons and armour. More recently the term has been used to refer to an equally foolhardy and even more treacherous act: posting risky comments or content on Chinese social media knowing full…
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Jun 22nd 2022 (Updated Jun 23rd 2022)Tech giants, governments, trustbusters, investors: all eyes are on the much-anticipated stockmarket listing of Arm. Despite the recent rout in tech stocks, SoftBank, the Japanese group that paid $32bn for the British chip designer in 2016, still plans to refloat its shares by next March. On May 30th Cristiano Amon,…
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Jun 20th 2022 (Updated Jun 21st 2022)Rich countries pour heart-stopping amounts of money into health care. Advanced economies typically spend about 10% of gdp on keeping their citizens in good nick, a share that is rising as populations age. America’s labyrinthine health-industrial complex consumes 17% of gdp, equivalent to $3.6trn a year. The American system’s heft…
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Jun 16th 2022 | SingaporeThe indian premier league (ipl) is awash with cash. cvc Capital, a European buy-out firm, paid $750m for the Gujarat Titans, one of the cricket extravaganza’s newest teams. In an auction ahead of this year’s competition, which concluded last month (with the Titans’ victory), the ipl’s ten sides splurged $71m on…
Read moreSpiritual growth is an odd mandate for business schools preparing graduates to make manna in a secular world. One such institution, hec Paris, has nevertheless decided to send students on a trek through the French countryside to a remote village, where a Benedictine monk (a former lawyer) guides them through ethical dilemmas. Whether or not…
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