Can Arc’teryx’s owner revive Chinese IPOs in America?

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Foreign acquisitions by Chinese buyers have a lousy reputation. The takeover of PizzaExpress, a British restaurant chain, by Hony Capital, a Chinese private-equity firm, ended up in restructuring. Financial collapse forced HNA, a Chinese conglomerate, … Read more

A $35bn mega-merger strengthens a quiet chip duopoly

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Tech dealmakers had a quiet 2023. S&P Global, a financial-data firm, reckons that total spending on technology mergers and acquisitions reached its lowest level in a decade. Big tech mostly sat on the sidelines, as … Read more

Why BlackRock is betting billions on infrastructure

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. The global economy is on the cusp of an “infrastructure revolution”, if Larry Fink is to be believed. The boss of BlackRock, the world’s largest asset manager, made the modest prediction shortly after announcing on … Read more

Companies run to their own annual rhythms

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Seasonality is a big part of business. For some industries, seasonal patterns are a defining feature. Agriculture is one obvious example; tourism another. Western toymakers notch up a huge proportion of their annual sales in … Read more

Why America’s controls on sales of AI tech to China are so leaky

GINA RAIMONDO seemed frustrated when she took the stage at the Reagan National Defence Forum in California in December. The Department of Commerce, which she leads, had just tightened restrictions on the sale of American semiconductors to China. But Nvidia, the world’s most valuable chipmaker, had immediately started developing a new, slightly less powerful artificial-intelligence … Read more

Generative AI generates tricky choices for managers

The remarkable capabilities of generative artificial intelligence (AI) are clear the moment you try it. But remarkableness is also a problem for managers. Working out what to do with a new technology is harder when it can affect so many activities; when its adoption depends not just on the abilities of machines but also on … Read more

How a Canadian company became the world’s best acquirer of tech firms

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. For older startups these are tough times. The weak recent stockmarket debuts of Arm, a British chipmaker, Instacart, a grocery-delivery group, and Klaviyo, a software firm, have dampened enthusiasm for initial public offerings. Venture capital … Read more

Three climate fights will dominate COP28

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. The United Arab Emirates, venue for cop28, the latest climate summit convened by the United Nations, is a controversial choice. Some 70,000 climate advocates, diplomats and other hangers-on will attend an event that begins on … Read more

Every country wants its own investment-screening regime

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. SINGAPORE BECAME the latest country to erect barriers to investment in the name of national security on November 3rd. It plans to review, and potentially block, investments in entities “critical to Singapore’s national-security interests”. That … Read more

Why the market for superyachts is booming

Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. Even oligarchs, tech barons and other super-rich folk might have been expected to reconsider spending hundreds of millions of dollars on a superyacht amid gathering global turmoil. In 2020, as covid-19 spread, “I spent my … Read more