Headlines

Americas

Chile’s voters are in no mood for reckless radicalism

A WEEK before national elections, Chileans would normally be cursing the billboards and posters cluttering up their cities. On the eve of this year’s presidential and congressional elections, scheduled for November 19th, there is much less to complain about. Restrictions on campaign spending imposed in 2016 after a party-financing scandal have...

Explaining turnout in Latin American elections

THE flurry of elections coming up in Latin America will not only choose new leaders. It will also provide a check-up on the health of democracy itself, which in most countries on the continent has been in place for only a few decades. Latin Americans appear to be losing some of their enthusiasm for it. In the latest edition of the region-wide survey...

Latin America’s voteathon

IN THE annals of Latin American democracy, Marcelo Odebrecht, a Brazilian construction magnate, will occupy a place of unique infamy. From Mexico to Argentina and many places in between, his Brazilian construction company bribed presidents, ministers and candidates to win public contracts, setting a nefarious example that other firms followed....

Blue-collar wages are surging. Can it last?

IF THERE was a defining economic problem for America as it recovered from the financial crisis, it was stagnant wages. In the five years following the end of the recession in June 2009 wages and salaries rose by only 8.7%, while prices increased by 9.5%. In 2014 the median worker’s inflation-adjusted earnings, by one measure, were no higher than...

Doug Jones against the darkness

IF DOUG JONES becomes the first Democrat in a quarter of a century to win a Senate seat from Alabama on December 12th, the state will have followed his own political evolution. The grandson of a coal miner and a steelworker, Mr Jones was born into a family of Democrats. But when the South went Republican, after Lyndon Johnson ended segregation...

Asia Pacific

Japanese firms step up overseas M&A

Number of deals hits record in first half as smaller companies get into the game With SoftBank CEO Masayoshi Son taking the lead, Japanese companies have been engaging in mergers and acquisitions at record levels. Japanese corporations made 339 overseas mergers and acquisitions during the first half of the current Japanese fiscal year, the highest...

Investcorp adds Deepak Parekh to International Advisory Board

Investcorp, a global provider and manager of alternative investment products, today announced that Deepak Parekh, Chairman of HDFC Limited, Indian’s leading Financial Services conglomerate, has been appointment to Investcorp’s International Advisory Board. Mr Parekh has played a significant role in the development of the financial sector...

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

Europe

The iPhone is offically the greatest gadget of the last 80 years

The iPhone is officially the greatest gadget of the last EIGHTY years, according to a nationwide study. Researchers polled Britons of all generations and asked them to vote the inventions (big and small) that they could not have lived without, with the iPhone - created by Apple and English designer Jonathan Ive, proving the most popular for both young...

Private debt, the hunt for yield and rise of secured loan notes

In an uncertain investment climate, secured loan note programmes have emerged as a promising form of private debt to marry growth companies starved of traditional bank funding with a widening pool of HNWs, family offices and institutional investors all hungry for yield, writes Angus Grierson, Managing Director, LGB Corporate Finance As traditional...

Cavendish the leading sell-side M&A house further strengthens its team with the appointment of Jon Edirmanasinghe to partner

Appointment will help Cavendish better advise its clients and enhance the firm’s ability to capitalise on M&A opportunities going forward Cavendish Corporate Finance LLP, the UK’s leading sell-side M&A advisory firm, today announces the promotion of corporate finance professional Jon Edirmanasinghe to Partner. Jon covers a variety of sectors...

FTSE 350 companies urged to fill senior positions with more women to make uk a world leader on gender diversity

Sir Philip Hampton today urged businesses to renew their commitment to diversity, extending a target to all FTSE 350 companies of filling one third of their senior leadership positions below board level with women                       Review finds FTSE 100 companies are on track to meet...

SANNE appoints new Director of Global Facilities

SANNE has appointed a new Director of Global Facilities to support the ongoing enhancement of their growing services and strategic development.Stuart Harris joins SANNE and will drive the strategic direction of facilities management across the 15 jurisdictions in which SANNE operate. He brings with him 30 years of experience that has included the management...

Mena

Emmerson Mnangagwa, Mugabe Ex-Deputy, to Be Sworn In as Zimbabwe’s President

HARARE, Zimbabwe — Emmerson Mnangagwa, the military-backed politician whose allies ended Robert Mugabe’s 37-year rule over Zimbabwe, will be sworn in as the new president on Friday, the speaker of the country’s Parliament announced on Wednesday.A day after Mr. Mugabe resigned under mounting pressure, the governing party, ZANU-PF, quickly nominated...

Nigeria Mosque Targeted in Deadly Suicide Bombing

ABUJA, Nigeria — A suicide bomber set off explosives on Tuesday during morning prayers in a small, crowded mosque in northeastern Nigeria in a deadly attack that comes amid a raft of similar assaults on rural communities in the region.Othman Abubakar, a spokesman for the police in Adamawa State, where the attack took place, said at least 50 people...

A Dictator’s Playbook: How Mugabe Clung to Power

[unable to retrieve full-text content]After nearly four decades in power, Zimbabwe's ruler, Robert Mugabe, resigned in the wake of a military takeover. How did the notorious strongman manage to keep his opponents at bay for so long?Read More

10 of Our Best Reads on Zimbabwe

The news that President Robert Mugabe has resigned in Zimbabwe is a pivotal moment in the southern African nation’s history.Mr. Mugabe is the only leader Zimbabwe has known since it achieved independence in 1980. Formerly known as Southern Rhodesia, the country was ruled by Britain and later by a white-minority government that was shunned by the international...

Robert Mugabe Resigns as Zimbabwe’s President, Ending 37-Year Rule

HARARE, Zimbabwe — Robert Mugabe, who has ruled Zimbabwe since independence in 1980, resigned as president on Tuesday shortly after lawmakers began impeachment proceedings against him, according to the speaker of Parliament.The speaker read out a letter in which Mr. Mugabe said he was stepping down “with immediate effect” for “the welfare of...