Kingsoft Cloud will debut on Nasdaq, testing appetite for Chinese shares a month after the Luckin Coffee scandal. Data demand is booming in China amid Covid-19, and Kingsoft is a strong rival to market leader Alibaba. Robyn Mak explains why New York mi…
Could President Trump refuse to pay back the $1.1 trln the U.S. owes to China? While markets would hate the idea, it’s theoretically possible thanks to broad powers designed for times of emergency. John Foley explains how this dangerous weapon could be…
U.S. billionaire John Malone may merge his Virgin Media broadband outfit with mobile operator O2. A joint venture could see Spain’s Telefonica, O2’s indebted parent, pocketing over 4 billion pounds. Ed Cropley explains how this might mean a lonelier fu…
Shares in Europe’s top banks have plunged as investors fret about a surge in bad debts. Yet most lenders’ capital buffers can absorb a spike three times as bad as the 2009 average. As Liam Proud explains, that makes taxpayer bailouts and widespread equ…
Goldman Sachs shareholders gave lukewarm approval for CEO David Solomon’s $27.5 mln package. It’s similar to what his peers get, and most of it doesn’t come for at least a year. Still, in a time of economic crisis, eight-digit rewards attract extra scr…
North Korea’s portly dictator has dropped out of sight. Concern is rampant: Is he sick with coronavirus? In a coma? Dead? Whatever his condition, Pete Sweeney discusses the country’s succession problem and its implications for the region.
The coronavirus has helped make Big Tech too big to fail. Before the pandemic, political pressure in D.C. and Brussels was mounting on Silicon Valley giants like Facebook. Gina Chon explains how their size has been an asset in a crisis, which will mute…
Paris and the Netherlands are lending their respective parts of Air France-KLM up to 11 bln euros. The tricky bailout exposes the frailty of the 2004 merger. Ed Cropley reveals how other operators, including Germany’s Lufthansa and Britain’s IAG, could…
Russia has been hit with a double whammy of an oil price collapse and the coronavirus crisis. Luckily, it has $170 billion stashed away, the bulk of which is liquid, and can borrow domestically. Still, Moscow is right not to blow its buffers all at onc…
The pandemic has exposed problems with cash, which is neither contactless nor clean. Those drawbacks haven’t helped bitcoin, the biggest name in cryptocurrency. Gina Chon explains why investors instead turned to so-called stablecoins like Tether, linke…