Headlines

Americas

Donald Trump’s judicial appointments may prove his most enduring legacy

AMERICA’S judges are supposed to be above party politics and yet are often appointed by politicians and then asked to rule on disputes that can sway elections. On January 9th federal judges in North Carolina gave the state two weeks to redraw its congressional map. In a caustic ruling written by James Wynn, an appellate judge nominated by Barack...

Donald Trump’s economic policy has not been as bad as expected

AS IT became clear that Donald Trump would win the presidential election, in the early hours of 9th November 2016, Asian financial markets tanked. But within hours of his victory investors changed course. A Trump presidency, they reasoned, would mean tax cuts, deregulation and infrastructure spending—in other words, more growth. A year after...

Banished Bannon

A FAN of military history, Stephen Bannon may know of Nikephoros, a Byzantine emperor who was vanquished and decapitated by a Bulgar khan who, for extra humiliation, then fashioned his skull into a drinking cup. President Donald Trump’s erstwhile muse might even feel he has experienced something similar, at the end of a week in which he has been...

All the president’s Tweets

THE president’s dearest supporters and bitterest opponents are united in their wish that less attention be paid to his social-media habit. Stephen Miller, a policy adviser, and Sarah Sanders, the press secretary, have tried valiant defences, but many Republicans prefer to feign ignorance. Some of Mr Trump’s critics detect a more insidious motive,...

There is no guaranteed defence against ballistic missiles—yet

THANKS largely to Kim Jong Un (aka “Little Rocket Man”), missile defence of the American homeland is a hot topic. Next month the Trump administration is expected to publish a review of the nation’s defences against ballistic-missile attack. Funding for the Missile Defence Agency (MDA) is likely to exceed $11bn for 2018, over $3bn more than...

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

Foresight Metering appoints Amir Mughal as Senior Investment Manager

Foresight Metering Limited (“FML”), the specialist second-generation meter asset provider (“MAP”), is pleased to announce the appointment of Amir Mughal as Senior Investment Manager. Amir has over ten years of experience raising finance across multiple asset classes. He joins from Balfour Beatty Investments where as Associate Director,...

Blackstone completes acquisition of Schenck appoints new chairman

Private equity funds managed by Blackstone (“Blackstone”) announce the completion of the previously announced acquisition of Schenck Process (“Schenck”), a global market leader in measuring and process technology equipment. Blackstone and Schenck are also pleased to announce the appointment of Keith Cochrane as Chairman and Harry Kenyon-Slaney...

SME Bosses optimistic about funding prospects at the end of a turbulent 12 months

Half (50%) of business owners who are expecting an increase in business revenues over the coming year plan to make this happen by increasing marketing efforts; Over two in five (42%) think their business’ revenues will increase over the coming twelve months, compared to 39% this time last year. The latest Aldermore Future Attitudes report...

RDIF and CDC International Capital deepen their collaboration and announce the allocation of up to 25% of their joint fund to be invested in SMEs with attractive expansion projects on the Franco-Russian axis

The first company to benefit from this SME support plan is Olmix Group, a leading French producer of algae-based solutions for Animal Care, Plant Care and Human Care The CEO of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev, and the CEO of CDC IC, Laurent Vigier, today participated in the 23rd session of the Russian-French Council...

Lightsource Co-Founder, Vicente Lopez Ibor Mayor, steps down as Chairman of Lightsource and begins new role as Head of the Lightsource Foundation

Under the Chairmanship of Vicente Lopez Ibor Mayor, Lightsource has in seven short years grown from being a start-up with six employees to the largest solar energy company in Europe. It is therefore with great sadness to see Vicente stand down as Chairman of Lightsource. His contribution has been invaluable to Lightsource’s remarkable growth and...

Mena

Keorapetse Kgositsile, 79, South African Poet and Activist, Dies

AdvertisementKeorapetse Kgositsile, a South African poet whose writing and activism helped bridge his country’s freedom struggle with the Black Arts movement in the United States, died on Jan. 3 in Johannesburg. He was 79.His death was announced by the South African government, which did not give a cause.Mr. Kgositsile — whose full name was pronounced...

Trump Comments, Infuriating Africans, May Set Back U.S. Interests

AdvertisementCAPE TOWN — South Africa and Nigeria have joined a chorus of nations that condemning President Trump’s inflammatory remarks on immigration, as Africa experts warned that the controversy threatened to set back American interests across the world’s fastest-growing continent.Since Thursday, when several participants in a meeting with...

Boko Haram Video Is Said to Show Captured Girls From Chibok

AdvertisementDAKAR, Senegal — A video released in Nigeria on Monday by Boko Haram purports to show girls among those abducted in 2014 from a school in the town of Chibok vowing to stay with their captors and never go home.About a dozen girls, some with faces covered, appear in the video, one of several released in recent days by Boko Haram, the Islamist...

Lesotho Diamond Weighs More Than a Baseball

AdvertisementLONDON — High in the mountains of a small southern African kingdom, miners have unearthed one of the largest diamonds ever found, a glittering giant weighing 910 carats, or 6.4 ounces, and probably worth tens of millions of dollars.The stone, found in the Letseng mine in Lesotho, is the fifth-largest gem-quality diamond ever found, and...

Tunisia’s Government Pledges Improvements After Protests

AdvertisementTUNIS — The Tunisian authorities are moving to defuse the anger that has driven protesters to the streets over the past week and led to hundreds of arrests.As still more people gathered on Sunday to mark the seventh anniversary of the Tunisian revolution, a wave that set off the 2011 Arab Spring uprisings, the government said it was taking...