The KKR partner started the non-profit Ownership Works to help companies grant stock to entire workforces. He discusses the resistance, the success stories, and an ambitious plan to create $100 bln of wealth for employees on this episode of The Exchange podcast.The athletic-shoe company nearly expired while trying to compete with Nike and Adidas. Then Jim Weber stepped in and sharpened its focus to runners.
After four frosty years, Washington and Brussels are back to cooperation on foreign and economic policy, with some big trade wins already on the scoreboard, Ambassador Stavros Lambrinidis tells Rob Cox in an interview hosted by the Eu...EY Vice Chair Kate Barton is helping companies figure out a minimum corporate rate agreed to by 130 countries. The historic pact will help raise $150 billion in government revenue.
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Hong Kong's OSL becomes the latest crypto exchange to cut jobsThe exchange has cut between 40 and 60 employees, or about 15% of its workforce, two people familiar with the matter told The Block.
Source: TheBlock__ - 🏆 464. / 53 Read more »
Hong Kong in limbo 25 years after British handover to China25 years after Britain handed Hong Kong over to China, the city is in limbo. Beijing has been expanding its control over the vibrant, global hub. Residents still enjoy greater autonomy and civil liberties than other Chinese, but many protests are banned. moving in the right direction
Source: AP - 🏆 728. / 51 Read more »
Hong Kong in limbo 25 years after British handover to China“The things that China found irritating about Hong Kong started to become more prominent, and the things that it found attractive about Hong Kong started to be less prominent, and friction built up…
Source: ladailynews - 🏆 332. / 59 Read more »
China throws media shield around Xi's visit to Hong KongJournalists from leading international media organizations, including Reuters and CNN, have been barred from covering official ceremonies during Chinese leader Xi Jinping's visit to Hong Kong later this week. Secrecy. Don't tell. No complaints. Biden made tons of money by forcing America to go outside country for oil. Garbage Xi, Garbage out… nobody cares
Source: cnni - 🏆 326. / 59 Read more »
Typhoon may be forming ahead of Hong Kong handover anniversaryChinese weather forecasters warned on Wednesday that the first typhoon of the summer appeared to be forming, bringing rain and unsettled weather to southern China, ahead of the 25th anniversary of Hong Kong's handover to the mainland.
Source: ReutersScience - 🏆 559. / 51 Read more »
Breakingviews - Lithium share sale charges Hong Kong IPO hopesShaky markets need careful pricing if they’re to regain their footing. China’s Tianqi Lithium on Thursday opened books for a share sale worth up to $1.7 billion in Hong Kong’s biggest deal this year. Equity offerings help set mood of the Asian financial centre but several companies including insurer FWD have delayed float plans while investors fret about the impact on growth from rising prices and China’s zero-Covid lockdowns . Initial public offerings have raised just $1.5 billion so far - a tenth of their levels last year, per Refinitiv data.
Source: Breakingviews - 🏆 470. / 51 Read more »