Headlines

Americas

Irma spared America, but still had a big effect on it

“LIMITED menu, cash only!” said the owner of Luna Rosa, a seaside restaurant that opened for business on September 11th, hours after Hurricane Irma stopped lashing Delray Beach on Florida’s eastern coast. Police limited access to those who could prove they lived along the shoreline road, which was cluttered with debris, uprooted palm trees...

In Detroit, the end of blight is in sight

“SPERAMUS meliora resurget cinerbus”: the Latin incantation, offered by a French Catholic priest after a fire nearly destroyed the city in 1805, is Detroit’s motto—“We hope that better things may rise from the ashes”. The once-great city, the “arsenal of democracy” during the second world war and home of the world’s most innovative...

Hillary Clinton’s book contains a warning to her party

MANY Democrats were dreading Hillary Clinton’s chronicle of electoral failure, “What Happened”, which was published this week. The former First Lady was always more admired than loved by her party (a dirty secret that even the slickest Clinton-style stage-management of her rallies could not conceal), and her defeat by Donald Trump eroded...

Bidding for Amazon

IT WAS an announcement to set a mayor’s heart aflutter. Amazon—one of the world’s most valuable and innovative companies—plans to build a second headquarters, equal to the Seattle original, in a North American city. A whopping $5bn in Amazon cash could ultimately be invested in the new base, which should eventually house 50,000 high-wage...

Hurricanes provide plenty of opportunities for scams

NATURAL disasters such as Hurricanes Harvey and Irma bring out Americans’ sterling civic spirit, stoicism and selflessness. Millions are giving millions, thousands are volunteering, donating blood, packing parcels with food and clothes, and sheltering victims of the floods. Acts of kindness, such as one Florida man giving a generator to a stranger,...

Asia Pacific

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...

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

Europe

Drooms DEALFLOW enables investors to manage multiple deals in one private centralised database

Online tool launched in the UK for the first timeAccessible from mobile, portable and desktop devices Workflow tools enable effective and secure collaboration between different parties Drooms, a leading provider of virtual data rooms in Europe, today launches Drooms DEALFLOW in the UK. Drooms DEALFLOW offers a private, cloud-based and simple to...

LeapFrog Companies Reach 100 Million People

Ten years on since founding, LeapFrog’s portfolio of companies reach 111 million people across Africa and Asia93.8 million are emerging consumers earning less than $10 PPP per day Companies achieved 43% annual revenue increase per year from time of investment. Companies grew their emerging consumer base by 67% per year Companies deliver 184 financial...

ProVision launches Fleet Risk Assessment Tool to help Fleet Operators understand the potential risks associated with running commercial fleets

Free online tool rates a fleet’s level of compliance, safety and reporting riskUsers receive a downloadable report based on their results, with practical insight on how to improveProVision has merged four key technologies to deliver intelligent driver and fleet safety systems Fleet operators have arguably more challenges in terms of legislative ...

Innovative Energies and Technologies for the European market

Energy is the means of existence in a modern, industrialised society. Existing technologies need to be made more efficient and new technologies must be developed to guarantee the energy supply of the growing population with only using renewable energies in the future and stop using fossil and nuclear resources. There is a special need for development...

Fanfunding – a sporting revolution in the making

A few years ago, I was sitting at my desk late at night, frustrated by the latest sports financing project which I was working on at a large investment bank. Despite the iconic brand, large international fanbase and its many trophies, it was extremely difficult to find investors for this top-20 global football club. Time and again, potential investors...

Mena

Live Briefing: At U.N. General Assembly, Signing a Nuclear Pact and Debating Another

Nuclear weapons were the focus as global leaders addressed the United Nations General Assembly on Wednesday, a day after President Trump vowed to “totally destroy” North Korea if it threatened the United States or its allies.Leaders from around the globe began adding their signatures to a treaty that bans nuclear weapons, although the world’s...

Live Briefing: Nuclear Weapons Are a Focus as Global Leaders Address U.N.

Nuclear weapons were the focus as global leaders addressed the United Nations General Assembly on Wednesday, a day after President Trump vowed to “totally destroy” North Korea if it threatened the United States or its allies.Leaders from around the globe began adding their signatures to a treaty that bans nuclear weapons, although the world’s...

Kenya Court Says It Nullified Election Over Possible Hacking

KIGALI, Rwanda — Kenya’s Supreme Court said on Wednesday that it had nullified last month’s presidential election because the voting may have been hacked, and accused the electoral commission of failing to verify results before announcing them.It stopped short, however, of calling the vote rigged, and rejected the opposition’s assertion that...

Live Briefing: At U.N., Global Leaders to Speak After Trump Takes Center Stage

Global leaders will address the United Nations General Assembly on Wednesday, after a memorable first day.On Tuesday, President Trump delivered a pointed first address at the assembly and vowed to “totally destroy” North Korea if it threatened the United States or its allies. He went on to call Iran a “rogue nation” and denounced the nuclear...

Live Briefing: At U.N., Trump Singles Out ‘Rogue’ Nations North Korea and Iran

Leaders from around the globe are taking the lectern at the United Nations General Assembly on Tuesday — a particularly big moment for President Trump, who addressed the world gathering for the first time.In his speech, Mr. Trump vowed to “totally destroy” North Korea if it threatened the United States or its allies. He also called Iran a “rogue...