Bloomberg Businessweek4 min readPolitics
Trump Puts Tariffs on Pizza Toppings
The fighter jets roaring above Joaquín García as he strolls among the 8,000 trees on his family farm in southern Spain are a reminder of the battle the U.S. is waging against his cash crop. García grows olives—one more product ensnared in the dragnet
Bloomberg Businessweek7 min readTech
Machine, Learning
We’ve come to expect a lot from intelligent machines: Spotify picks songs for your playlist. Your phone has learned to recognize your face, even on a bad hair day. And self-driving cars, we’re promised, are just around the corner. As the technology g
Bloomberg Businessweek4 min readPolitics
Power Play
Set on a remote steppe in Patagonia, where the winds howl and guanacos bound through the brush, the twin dams on the Santa Cruz River are in the early stages of construction, but they’re already relics of a bygone era. The $4.1 billion concrete mammo
Bloomberg Businessweek5 min readPolitics
Millions of Dollars Go Missing in Mexico
In late December, Kathy Machir called Marcela Zavala Taylor, her banker of nine years at Mexico’s Monex Casa de Bolsa, to get cash for contractors building her retirement home in San Miguel de Allende. Typically, Zavala would wire money or dispatch h
Bloomberg Businessweek3 min read
The Maori Model
NEW ZEALAND’S INDIGENOUS Maori people were guaranteed equality when they signed the Treaty of Waitangi with the British Crown in 1840. But it took more than 150 years for the government to apologize and seriously address the injustices the Maori suff
Bloomberg Businessweek15 min readSociety
The Wealth Detective
The rich know how to keep their money secret. Economist Gabriel Zucman knows how to find it
Bloomberg Businessweek4 min read
Stream Me, Amadeus
Berlin startup Idagio aims to do for Gluck and Grieg what Spotify has done for Lady Gaga and Ariana Grande
Bloomberg Businessweek3 min readPolitics
A Death Watch In Seoul
THE LIVES OF THE RICH AND famous are news fodder everywhere. But in South Korea it’s an expected death that has the country enthralled. The country’s wealthiest person, the 77-year-old chairman of tech giant Samsung Electronics Co., has been incapaci
Bloomberg Businessweek5 min read
Trust His Gut
Salesforce’s remarkable growth has relied on Marc Benioff’s personality-driven, pricey deals. Can he keep it up?
Bloomberg Businessweek4 min readPolitics
Wall Street And Democrats Are Still Friends
In February, Pete Buttigieg stepped into the Manhattan office of Wall Street veteran Charles Myers to talk politics over deli sandwiches. Citigroup Inc. Managing Director Yann Coatanlem hosted a fundraiser in March for Kamala Harris at his Fifth Aven
Bloomberg Businessweek3 min readPolitics
Black Money
INDIA’S ELECTIONS ARE AMONG the world’s most expensive. New Delhi’s Centre for Media Studies projects that about $7 billion has been spent on this year’s national races, putting the tally ahead of the $6.5 billion that OpenSecrets.org reported was sp
Bloomberg Businessweek9 min readPolitics
Trophy Properties
New York real estate had always been a somewhat insular industry, largely ruled by a handful of family dynasties. Following Donald Trump’s debt-fueled acquisition and subsequent bankruptcy of the Plaza, the sale of the hotel to foreign interlopers in
Bloomberg Businessweek4 min readPolitics
Islamic State Is Rebuilding in Africa
Sitting cross-legged with a Kalashnikov rifle by his side, Abu Bakr al-Baghdadi, leader of Islamic State, used his first video appearance in five years to reassure his followers that he was far from defeated. Recorded in a secret location and releas
Bloomberg Businessweek4 min read
Quantitative Easing By Another Name
During the financial crisis, the Federal Reserve began buying Treasury bonds and mortgage-backed securities—a program known as quantitative easing—to help keep interest rates down and boost the economy. With the economy growing steadily, you might th
Bloomberg Businessweek6 min readPolitics
Misfit Toys
There’s a method to selling a superyacht, and for Hong Kong boat broker Eric Noyel, it hasn’t been working. At least not with the Chinese. You start, of course, with a very big boat. It doesn’t have to be the yacht you’re trying to unload. One eveni
Bloomberg Businessweek2 min readSociety
The Wrong Digital Ban
Facial-recognition technology can be abused. But it can be a boon, and a prohibition isn’t in the public interest
Bloomberg Businessweek4 min readPolitics
The U.S. Tries To Delete Huawei
Bluster is a key weapon in the trade war between the U.S. and China. So it’s natural to want to dismiss the latest salvo—a U.S. Department of Commerce ban on doing business with Chinese national champion technology company Huawei—as another short-ter
Bloomberg Businessweek3 min read
Sun Pharma Looks Beyond Generics
You’d be hard-pressed to find someone who’s lost more during the recent upheaval in the generic drug business than Dilip Shanghvi: He forfeited $17 billion to be precise, plus the title of India’s richest man. After a four-year decline that erased 6
Bloomberg Businessweek2 min read
In Brief
• The U.S. blacklisted Huawei, saying the company assists spying by Beijing. Huawei denies spying for China. The ban threatens the technology giant’s partnerships with suppliers, including Google. The U.S. is considering barring five other tech comp
Bloomberg Businessweek3 min read
England 4, Brexit 0 (With Foreign Help)
The finalists in Europe’s two top soccer tournaments are English. The coaches and many players aren’t
Bloomberg Businessweek2 min readPolitics
Secret Museums
THE OLDEST IS LARGER THAN NINE football fields and was used to distribute Red Cross parcels to prisoners of war across Europe during World War II. The newest demands a retina scan for entry. These are free ports: tax-free, high-tech storage facilitie
Bloomberg Businessweek2 min readPolitics
The Long Campaign Joe Biden
Democrats have called him naive, out of touch, or worse. But at his May 18 kickoff rally in Philadelphia, Joe Biden stood by his insistence that working with Republicans isn’t just possible, it’s the only way to “stop fighting and start fixing” the c
Bloomberg Businessweek7 min readPolitics
The Enemy Of My Enemy
Saudi Arabia and Iran battle each other via proxies, but their rivalry has trigger points for more direct conflict
Bloomberg Businessweek1 min readPolitics
Agenda
• Merkel Goes Back to School German Chancellor Angela Merkel will give the commencement address at Harvard on May 30, making a brief appearance in the U.S. at a time when relations between her government and President Trump are strained by the trade
Bloomberg Businessweek6 min read
Monaco’s Amazing Race
Ninety years after the first running of the city-state’s Grand Prix, it still reigns supreme on the Formula One calendar
Bloomberg Businessweek9 min read
WeWork CEO Adam Neumann Loves Tequila Shots, Artisanal Oats, And Spending Money. With Profits Nowhere In Sight, He’s Creating An Alternative To The Benefactors Who Are Tired Of Giving Him Cash To Burn
Adam Neumann runs one of the few startups on Earth for which $2 billion of fresh funding was, or ever could be, terrible news. Just before last Christmas, Masayoshi Son, Neumann’s most important investor, called to say that was his final offer and th
Bloomberg Businessweek2 min read
Slack Is Gossipy Email With Push Notifications
Like the open-plan office, Slack has become a controversial fixture of white-collar work. The company behind this workplace instant messaging software, Slack Technologies Inc., is preparing to make its stock available for the first time on exchanges
Bloomberg Businessweek3 min read
About That IPO
Uber Technologies Inc.’s stock market debut on May 10 was the biggest, most eagerly anticipated U.S. initial public offering in years. The ride-hailing company raised $8.1 billion through the share sale and at the moment of going public was valued at
Bloomberg Businessweek6 min read
A Costly Farewell
The politics of Brexit get the headlines, but the toll on business is grim in advance of the split
Bloomberg Businessweek2 min read
In Brief
• The trade war between the U.S. and China escalated. The Trump administration slapped higher duties on $200 billion of imports from China, which retaliated by raising duties on about $60 billion in U.S. goods, defying a call from Trump for restrain
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