El Salvador’s moves in bitcoin align to the main job job of an economy – to put money in the pockets of the people – in 3 ways: Tourism money. Bitcorati (people who made money from Bitcoin) want to have some fun when not talking crypto innovation and El Salvador has lots of fun things…
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In February 2019, an Israeli woman sat across from the son of Uganda’s president, and made an audacious pitch — would he want to secretly hack any phone in the world? Lt General Muhoozi Kainerugaba, in charge of his father’s security and a long-whispered successor to Yoweri Museveni, was keen, said two people familiar with…
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Swedish mobility start-up Voi Technology has announced plans to go public in 2022, as its US rivals list and competition for UK e-scooter trials causes consolidation in the market. Voi operates in 18 cities in the UK, including Liverpool, Bristol and Cambridge, and claims it has almost 70 per cent share of the British market.…
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If you cannot build it, buy it. Oracle, the $275bn software giant, is taking this principle to heart. The company founded by Larry Ellison is acquiring electronic medical records group Cerner for an equity value of $28.3bn in cash as it seeks to diversify into the booming health data business. Shares in sluggish Oracle, which…
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It took just days for bankers to China’s largest artificial intelligence company to reopen the books on its postponed listing. The US banned its investors from participating and SenseTime then excluded them. The company has instead secured about $500m from nine cornerstone investors. There is good reason for its rush. Many of the backers are…
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Chinese artificial intelligence company SenseTime is relaunching its initial public offering in Hong Kong with the help of investment from state-backed entities after being blacklisted by the US. In regulatory filings to the Hong Kong stock exchange on Monday, the AI company revealed Beijing’s crucial role in reviving the postponed $767m listing, with shares due…
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This year the ultra-rich got even richer. Elon Musk saw his fortune grow by $194 billion during the COVID-19 pandemic, followed by Jeff Bezos who saw his fortune increase by $85 billion. The world’s economic powers made the rich even richer, and the poor even poorer. To explain why this happened we need to look…
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This is the third in a Nikkei Asia series on supply chain nightmares. Read also Apple’s nightmare before Christmas, a look at how the crisis finally reached the maker of the iPhone, and Automakers hit limits of ‘just-in-time’ supply chain management, on the car industry’s nightmare year. A dozen cranes stack giant concrete structures and heavy machines…
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In the past two years, Yamini Rangan, chief executive of software company HubSpot, has faced more upheaval and been forced to draw on a wider range of management techniques than many bosses face in a lifetime. But nothing quite compared to the moment in March when Brian Halligan, 54, the company’s founder and, at the…
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Brussels has complained that a senior US official is campaigning on behalf of Big Tech, days after the EU approved a common position on draft rules aimed at curbing the power of large American tech companies, fuelling a transatlantic tit-for-tat among senior officials. Thierry Breton, the EU internal markets commissioner, accused US commerce secretary Gina…
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