Headlines

Americas

We think the Democrats are favoured to take the House

ALTHOUGH they lack the intense personal drama of a presidential race, America’s mid-term elections in November will be hugely important. Every seat in the House of Representatives is up for grabs, along with 35 out of 100 Senate seats. A Democratic takeover of either chamber would unleash a flurry of investigations into President Donald Trump...

Will Colombia’s next president imperil the peace deal with the FARC?

JUAN MANUEL SANTOS, Colombia’s president, won a Nobel prize in 2016 for ending a 52-year war with the left-wing FARC guerrilla group, but criminals with guns still terrorise parts of the countryside. That alarms people in cities, where most people live. Some 12,000 FARC fighters have disarmed and moved into designated zones, as envisaged by the...

A southern-hemisphere Stonehenge is found in Chile

Smarter than the average pile of rocks ON THE winter solstice in 2017, a team of researchers waited in the pre-dawn chill of the Atacama desert. Before them stood two square piles of stones, each about 1.2 metres (four feet) high. A row of three other cairns stretched out 500 metres to the east. This line of saywas—roughly, “markers” in Quechua,...

Colombians hope for change in the first post-war presidential election

EVERY afternoon in Samaná, a small coffee-growing town in the Colombian Andes, prosperous townspeople mount Paso Fino horses to ride from bar to bar, where they down shots of aguardiente, Colombia’s most popular tipple. Their tongues loosened by the anise-flavoured drink, they become garrulous on the subject of the country’s presidential election,...

Juuling is popular—perhaps too much so

IT IS an entrepreneur’s dream: make a gadget so appealing that fans turn its name into a verb. “Juuling”, after a device known as a Juul that now accounts for 60% of e-cigarette sales in America, has become a youth fad. “I’ve been doing this work for 30 years and haven’t seen anything like this,” says Matthew Myers of the Campaign...

Asia Pacific

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels. Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest...

Investcorp adds Deepak Parekh to International Advisory Board

Investcorp, a global provider and manager of alternative investment products, today announced that Deepak Parekh, Chairman of HDFC Limited, Indian’s leading Financial Services conglomerate, has been appointment to Investcorp’s International Advisory Board. Mr Parekh has played a significant role in the development of the financial sector...

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

Europe

Private equity investment into European companies hits ten-year high

European private equity invested €71.7 billion in 2017, up 29% from 2016Fundraising reaches €91.9 billion, up 12% year-on-yearCompany exits robust, valued at €42.7 billion divested at cost   Private equity investment in European companies hit a ten-year high in 2017 at €71.7 billion, a 29% year-on-year increase, according to new data...

Annual Fraudscape report reveals record number of identity frauds

Fraud prevention service Cifas recently published its annual Fraudscape report, citing that there were 174,523 cases in 2017, which is the highest number of identity frauds ever recorded. The data provides one of the most comprehensive pictures of fraud and fraudulent attempts made in the UK. The global banking sector is continuously updating...

Senior management changes at Investcorp

Investcorp, a leading global provider and manager of alternative investments, today announced a series of senior management changes designed to further accelerate the firm’s growth strategy and potential. The changes were in part catalyzed by Mohammed Al-Shroogi’s intention to retire as Co-CEO effective August 2018. Al-Shroogi, who joined...

M&A: A reputation minefield

One of the most significant mergers in British retail history is currently in the offing. As Sainsbury’s and Asda navigate the complexities of knitting together two shopping brands that speak to different shopping cultures and consumer heartlands, we look at the opportunities, and the possible pitfalls that are emerging. How can these two retail behemoths...

Hinckley- based business reports exceptional growth for 2018

Hinckley based employee engagement and digital solutions firm, Workvine has reported exceptional growth of 167% year-on-year according to the company’s 2018 financial data. This comes amid reports of the negative impacts an uncertain Brexit climate might bring for SMEs. With a study by academics at The University of St Andrews concluding that small...

Mena

After Snubbing Taiwan, Burkina Faso Establishes Diplomatic Ties With China

After Snubbing Taiwan, Burkina Faso Establishes Diplomatic Ties With ChinaImageChina’s foreign minister, Wang Yi, second from right, and Burkina Faso’s foreign minister, Alpha Barry, signing documents establishing diplomatic relations between the two countries in Beijing on Saturday.CreditPool photo by Thomas PeterBy The New York TimesMay...

The Look: Morocco’s D.I.Y. Dance Crews

The LookMorocco’s D.I.Y. Dance CrewsBreak dancing has been a crucial outlet for young people throughout the country, where government funding for the arts is limited.Photographs by Yassine Alaoui IsmailiText by Aida AlamiProduced by Eve LyonsMay 26, 2018ImageMembers of the Lions Crew, a break dancing group in Casablanca, practice on the roof of...

Dozens Dead in Congo After Boat Capsizes

Dozens Dead in Congo After Boat CapsizesBy The Associated PressMay 25, 2018KINSHASA, Democratic Republic of Congo — Dozens of people drowned after a boat tipped over in the northern Democratic Republic of Congo, officials said on Friday.The vice governor of Tshuapa Province, Richard Mboyo Iluka, said the boat was carrying passengers to the city...

Trilobites: Scientists See Promise in Resurrecting These Rhinos That Are Nearly Extinct

Scientists See Promise in Resurrecting These Rhinos That Are Nearly ExtinctEven if the technology can bring back the northern white rhinoceros, should we do it?ImageSudan, the last male northern white rhino, who died March 20 at the Ol Pejeta Conservancy in Kenya. CreditSan Diego Zoo GlobalBy Steph YinMay 24, 2018When the last male northern white rhinoceros...

Global Health: New Ebola Tactics Raise Hope but May Sow Confusion

Global HealthNew Ebola Tactics Raise Hope but May Sow ConfusionImageA worker at the entrance of the Wangata Reference Hospital in Mbandaka, Democratic Republic of Congo, where an outbreak of Ebola has claimed 58 confirmed or suspected victims.CreditJunior Kannah/Agence France-Presse — Getty ImagesBy Donald G. McNeil Jr.May 24, 2018Although there...

International

What happens when Chinese students abroad return home

JIMMY ZHONG IS a Beijinger who speaks English with an American accent and wears a baseball cap. Sitting in his tatty office in the Chinese capital, he recalls the heady days of life in Manhattan after finishing his degree in maths and computer science at Emory University in Atlanta, Georgia. By then he was already rich, having sold his first company—an...

China’s insatiable appetite for foreign travel

IT IS SAID to be the second-most-popular destination for Chinese visitors to Britain after Buckingham Palace, yet Liu Xiaoming, China’s ambassador to the country since 2009, jokes that he has refused invitations to take part in tree-planting ceremonies there. The attraction is Bicester, a town in Oxfordshire of little note for tourists except...

Long-term Chinese immigrants in Italy

THE CITY OF Prato, in the hills of Tuscany, is as Italian as the region’s Chianti. It is also the heart of the fashion industry, where fine fabrics are made for brands such as Gucci and Armani. “Made in Italy” is still a label proudly displayed. But many of Prato’s factories are now owned, and staffed, by Chinese. Within the 14th-century...

Why many rich Chinese don’t live in China

A STRAIGHT TRACK through a wood, and a guard hut at the end of it, is all there is to “China City of America”. A sign on a flimsy barrier says, “Do not enter”. It is hard to imagine that if the developer, a Chinese emigrée, has her way, this rural nook in the Catskill Mountains of upstate New York might one day become a sprawling complex...

Chinese workers and traders in Africa

ON THE EDGE of Walvis Bay, a port town in Namibia sandwiched between the Atlantic Ocean and endless sand dunes, the offices-cum-residential-quarters of the China Harbour Engineering Company (CHEC) look like a barracks. Electrified barbed wire tops the surrounding wall. A Chinese manager explains that “we have military-style management.” The...