It is a huge relief. For the first time in many years, Britain’s ruling Conservative Party has made a sane, even boring choice as its new leader. The selection of Rishi Sunak gives the country its first prime minister of Indian ethnic origin, its youngest ever prime minister (at 42, pipping David Cameron, who when […]Continue Reading
Technology leaders have been fighting intellectual-property theft for centuries. History shows that a static defense has never worked for long. Sustained leadership depends on innovation, not barriers. The United States is now engaged in an unprecedented effort to deny semiconductor technology to China. Maintaining US leadership depends more on US innovation than on technology controls. […]Continue Reading
Sophie Qian will relocate from New York to Singapore later this year.Continue Reading
Private equity and venture capital managers reported dry powder, or committed but undrawn capital, totalling S$90 billion and S$5 billion, respectively, the survey showed. There has been a big influx of family offices and funds to Singapore, especially from China, and funds and tycoons have been snapping up premium propertiesContinue Reading
TOKYO – On October 18, the top article on the front page of Japan’s leading business daily screamed that cutting off imports from China would cost Japan 53 trillion yen (US$353 billion) in lost production, or about 10% of annual gross domestic product (GDP). Meanwhile, the yen has depreciated by 31% against the US dollar […]Continue Reading
SINGAPORE: Singapore’s Lovebonito Holdings, owner of the Love, Bonito female fashion brand and backed by investors including Chinese buyout firm Primavera Capital Group, is targeting opening its first US physical store next year, its top executive said. “The US is really one of the big bet markets for us thatContinue Reading
Western observers are mistaken in their tendency to overlook Turkmenistan, a resource-rich, strategically consequential country that borders such key regional players as Afghanistan, Iran, Kazakhstan and Uzbekistan and has a long coastline on the Caspian Sea. The country serves as one of the most important east-west and north-south transport and logistics hubs in Eurasia. Oddly, neither […]Continue Reading
Nippon Steel and ArcelorMittal, two of the world’s largest steel companies, have turned their attention to India and Thailand amid weakening demand in Japan and the energy crisis in Europe. The ArcelorMittal Nippon Steel India joint venture (AM/NS India) has announced two new initiatives to expand operations in India: New construction and capacity expansion of […]Continue Reading
KUALA LUMPUR: Bursa Malaysia extended its downtrend at the close for the fourth consecutive day today with the benchmark index hitting a new year-to-date low as cautious investors offloaded shares. Read full storyContinue Reading
Once a storied conglomerate, Toshiba has been weakened by accounting and governance scandals. Attempts to turn itself around have been overshadowed in recent years by discord between management and its many activist shareholders. The consortium will put up about 1 trillion yen in equity, with the rest likely to comeContinue Reading