The Japanese giant is spending $3.7 billion taking a financial subsidiary private, and creating a holding company to oversee its sprawl. Robyn Mak explains how Sony is embracing its conglomerate status – and thumbing its nose at Dan Loeb of Third Point…
JPMorgan’s boss took a few hits at the bank’s annual meeting, a sign shareholders are getting more antsy, explains Antony Currie. A large minority wants the lender to have an independent chairman, while around half are pushing for better information on…
SoftBank Chief Executive Masayoshi Son has no shortage of problems, including money-losing bets like WeWork and Uber. But, as Liam Proud explains, a governance shakeup and slower pace of investments show that the Japanese billionaire is belatedly movin…
Travel curbs and quarantines will constrain travellers this summer. But the easing of lockdowns in Europe and Asia brings hope to the $1.6 trln tourism industry. Lisa Jucca explains how governments can get creative to partly save the holiday seasons.
The World Bank and International Monetary Fund are being asked to cancel some poor countries’ debt. The plan is well meaning, but a bad idea. It could mean fewer cheap loans in the future, and more reliance on China. Effective solutions may be less fla…
Prime Minister Narendra Modi’s $266 bln support package, at 10% of GDP, is stimulus large enough to rival rich countries. The figure may be too good to be true, but Modi’s plan for a quantum leap in the economy hints at big reform and is easy to buy in…
U.S. President Donald Trump is mulling more tariffs to punish Beijing for Covid-19. Thwarting regional trade pacts China hopes to sign this year would hit harder, as would buttressing the revised Trans-Pacific Partnership. Gina Chon discusses how that …
Governments are propping up companies and families, but eventually they’ll have to think about repairing the public finances. That will give plans for taxing wealthy individuals and tech companies like Amazon and Alphabet a new push. Peter Thal Larsen …
Like diseases in the past, the pandemic will change intimacy patterns. Covid-19 will make it harder for lovers to swipe right on platforms like $22 bln Match Group’s Tinder with peace of mind. But more engagement, if fewer hookups, may benefit the mode…
U.S. cable firms are in for pain even after the pandemic starts to fade. Sports rights to air football games and other matchups are expected to soar and so will monthly bills. Jennifer Saba explains why non-sports lovers will choose Netflix and Disney+…