Can a major auction house also become a force in venture capital? The leap from decorative baubles to tech startups may seem like a stretch, but that depends on how you define Christie’s core business. Are they an art purveyor or risk manager? Christie’s announced this month that it was moving into venture capital with […]
The UK was once Starbucks’ beachhead in Europe. But its European invasion may be crumbling as weak economic prospects call into question a consumer-discretionary business surrounded by thug-like competition. Rumors are circulating that it is prepared to offload its UK business, even after it slogged through the pandemic. Starbucks has denied rumors that it is […]
Natural-resource funds are among the most successful at raising capital this year, materially so. That trend represents an abrupt shift in the texture of private markets, which have been dominated since 2015 by technology opportunities. Institutions largely lost interest in natural resources, after the sharp drop in oil prices in the second half of 2014. […]
Abu Dhabi and Jakarta implemented their free-trade agreement this month, harboring important implications for the Gulf nation. The UAE economy is about one-fifth the size of Indonesia. The announcement is also noteworthy because it emphasizes a type of South-South business corridor that is independent of global heavyweights. One notable feature of this relationship is the […]
We are intrigued by news out of Malaysia that the local asset-management arm of Nomura is now rolling out its Global Shariah Sustainable Equity Fund. Given that a new investment fund can take as long as a year to work through marketing issues and regulatory approvals, this product development team either hit the ground running […]
Hidden behind the January 6 proceedings, something else extraordinary is happening on Capitol Hill. And many American businesses seem unaware of its implications. Congress is batting around legislation that would formalize an outbound foreign investment review process with sweeping implications for US competitiveness. The National Critical Capabilities Defense Act will require US firms to notify […]
Chinese investment in Australia has collapsed. At the height of the commodity boom in the first half of 2008, China deployed some US$16.2 billion into direct commitments in Australia. According to new data from KPMG and the University of Sydney, the number was a scant US$585 million in 2021, or less than four percent the […]
Ken Griffin is a prominent financier. His estimated net worth is some $29 billion, according to Bloomberg. He is also a notable South Florida resident. In addition to a Palm Beach estate, he has committed some $100 million to assembling a private compound on ever-swank Star Island, near South Beach. It was only a matter […]
The Sicilian capital of Palermo came to a standstill in early June, when hackers shut down the municipal computer network in a ransomware attack. Aside from reporting the incident, local officials have offered scant details. They now suggest that it may be three months before online tax and traffic functions return to normal. This Italian […]
A quick scan of the trade press spotlights an aspirational outlook for business travel. Headlines read “Execs Choose (Real) Face Time Over Zoom” and “Business Travel Ignores Inflation.” But a less selective read offers more muted conclusions. “Business Travel Resumes, But Not at Its Former Pace” may best capture the industry spirit right now. Uncertain […]
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