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Pity American firms in China. Xi Jinping is hitting back

For decades politicians in Washington might have been mistaken for lobbyists for American companies in China. They pushed for the country to be opened up to American banks, planes and fast-food chains....

Does every business need a cash pile like Warren Buffett’s?

WARREN BUFFETT must be feeling smug right now. Months before American stockmarkets started sliding from record levels in late February, as investors began to question President Donald Trump’s stewardship of the world’s...

TikTok’s bizarre sale process gets even weirder

ANYONE WANT to buy a used social network? One careful Chinese owner, 170m users in America and revenue there of $12bn last year. The White House is running a chaotic auction for...

Why Amazon is spending $20bn to take on SpaceX—and China

ASSUMING THE weather co-operates—thunderstorms have already caused the abandonment of one launch, on April 9th—at some point in the coming days Amazon will get itself into the space business. A United Launch...

How Hermès defied the luxury slump

The luxury industry has lost its sparkle. A slowdown in the Chinese economy and a cost-of-living crisis in the West have led to a slump in sales of fancy frocks and posh...

Amazon’s $20bn push into orbit targets SpaceX and China

ASSUMING THE weather co-operates—thunderstorms have already caused the abandonment of one launch, on April 9th—at some point in the coming days Amazon will get itself into the space business. A United Launch...

Tariffs will send costs soaring. Which firms will raise prices?

It could have been worse, but it’s still not good. Many company bosses will have been relieved at Donald Trump’s 90-day delay in imposing “reciprocal” tariffs on imports to America from most...

TikTok’s bizarre sale process gets even weirder

ANYONE WANT to buy a used social network? One careful Chinese owner, 170m users in America and revenue there of $12bn last year, predicted to rise this year by a fifth. The...

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