THERE are 36 gradations in India’s archaic caste system, from the priestly to the supposedly untouchable. And then, somewhere below that, are the long-haul truck-drivers. Plying the subcontinent’s potholed highways for weeks at a time, few can settle into anything like a home life. Their marriage prospects are grim; venereal diseases and sore backs from […]
Read more
DEATH does not end all uncertainties. News that Liliane Bettencourt, a glamorous 94-year-old Parisian heiress, died on September 20th has provoked a flurry of investor speculation over L’Oréal, the world’s biggest cosmetics company. She had held a controlling stake in the firm her father, an inventor of hair dyes, founded in 1909. Its market value […]
Read more
RICHARD NESBITT, a former chief operating officer at the Canadian Imperial Bank of Commerce, has long been an evangelist for women in business. In “Results at the Top”, a book he wrote with Barbara Annis, he describes his efforts to convince men to promote women. When speaking to bosses, he stresses data showing that companies […]
Read more
SEVENTH time lucky? Minutes of the Bank of Japan’s (BoJ) policy meeting in July, published on September 26th, showed that the central bank had, for the sixth time since 2013, pushed back the date at which it expected prices to meet its 2% inflation target—to the fiscal year ending in March 2020. Four-and-a-half years since […]
Read moreLendInvest, an online marketplace platform for property lending and investing, was named the most valuable tech company at the prestigious Investor Allstars event in London on Wednesday evening. Often known as the Oscars for the world of entrepreneurs and investors, according to its website, the world event has been running for 15 years and presents […]
Read moreCurrency, United States Finance
Carlos Ghosn, the chairman and chief executive of one of the world’s largest automotive groups, told CNBC he doesn’t expect the U.S. market to grow over the next few years. When asked whether the U.S. car market can still grow, Ghosn – a mogul of the auto industry – was unsure. “I’m not planning on […]
Read moreCurrency, United States Finance
Despite various attempts by the Spanish government to stop a symbolic referendum on independence from being held in the wealthy region of Catalonia on Sunday, pro-separatists look set to hold a vote regardless. The national government in Madrid has said it will deploy police to prevent an independence vote on October 1, with orders to […]
Read moreToshiba agreed Thursday to sell its chip division for 2 trillion yen ($17.7 billion) to a Bain Capital-led consortium that involves large U.S. technology firms including Apple and Dell. Earlier this year, Toshiba shareholders gave the go-ahead for the sale of the memory business; Toshiba is the world’s second largest producer of NAND flash memory […]
Read moreIf you’re under 13 or have a twin, it might not be a good idea to use the Face ID unlocking system on Apple’s new iPhone X. The U.S. technology giant released security guidelines on Wednesday about Face ID – the iPhone X feature that allows users to unlock the device just by looking at […]
Read moreA lookalike of the Washington Post website emerged in China, the Financial Times reported on Thursday. The website used the Washington Post masthead and distributed content not just from the Washington, D.C.-based newspaper, but also stories from the state news agency Xinhua, which were tagged as Washington Post copy, the report added. The website was […]
Read more