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Cisco adapts to the rise of cloud computing


WHEN John Chambers ran Cisco, the world’s biggest maker of networking gear, his hyperactivity nearly matched that of the high-speed switches and routers that made the firm’s fortune.

The prospects for the world’s biggest IPO


THE proposed sale of 5% of Saudi Aramco is not just likely to be the biggest initial public offering (IPO) of all time.

A trendy Asian lifestyle chain opens in North Korea


Shop till you pop WHEN Miniso said in January that its stores would “bring the happiness of stress-free shopping to the Koreans”, you would be forgiven for thinking they were referring to emporium-loving Seoulites.

General Motors is getting smaller but more profitable


THE headquarters of General Motors (GM) tower over the other skyscrapers in Detroit’s city centre, a reminder that the carmaker still rules the American market.

Amazon’s big, fresh deal


JEFF BEZOS does not like sitting still. In his annual letter to Amazon’s shareholders this year, he warned of “stasis.

A hybrid startup offers AI services to business


Bengio, neutral agent? BOSSES are more likely to groan than feel giddy about advances in artificial intelligence (AI).

Travis Kalanick steps down as chief executive of Uber


Scoot “WE HAVE a lot of attention as it is. I don’t even know how we could get more,” Travis Kalanick, the boss of Uber, said last year.

Fidelity’s lessons for the asset-management business


SCHUMPETER got a surprise on a recent visit to Boston to meet people at Fidelity, a family-controlled firm that is the world’s fourth-largest asset manager and its industry’s best-known brand.

India’s huge buffalo-meat industry is in limbo


IN A corner of the state of Uttar Pradesh (UP) stands a gleaming building dedicated to animal slaughter on an industrial scale.

German deep discounters go big in America


Rummage sale AMERICA’S economy is enjoying its third-longest period of uninterrupted expansion since the 1850s.

Canadian banks don’t face a crisis. They do face a strategic trilemma


AS the global financial system was engulfed in crisis in 2008-10, only one set of banks in Europe and North America stayed serene and safe: Canada’s big five lenders.

Corporate Europe is giddy with optimism


IT IS remarkable what a difference a single election can make. “The way Europe is regarded by the rest of the world has changed in a few months,” says Gérard Mestrallet, chairman of both Engie and SUEZ, two big French energy firms, and a board member at Siemens of Germany, the region’s biggest engineering firm.

American energy firms are enjoying a bonanza south of the border


Supply chain in action A CHEMICAL engineer at Pemex, Mexico’s state-owned oil company, opens a tap atop a maritime platform in this offshore oilfield in the southern part of the Gulf of Mexico.

One year before the World Cup, FIFA is shunned by sponsors


AT THE World Football Museum in Zurich, run by FIFA, football’s global governing body, visitors take their photo with the World Cup trophy, try their hand at match commentary and gawk at artefacts ranging from the original handwritten set of the rules of the game to the yellow card famously shown to Paul Gascoigne, a lachrymose English footballer, in 1990.

A high-flying Chinese dealmaker has his wings clipped


“THE total number of airline miles travelled by this team is equal to a round trip between Earth and the moon.” So bragged Wu Xiaohui at a recruiting event held at Harvard University in January 2015.

A Swedish activist speaks softly and carries a big stick


Gardell, smiling butcher “SCLEROTIC companies abound in Europe,” says Christer Gardell, co-founder and managing partner of Cevian Capital, an activist hedge fund based in Sweden.

Tanzania’s firebrand leader takes on its largest gold miner


“IF THEY accept that they stole from us and seek forgiveness in front of God and the angels and all Tanzanians and enter into negotiations, we are ready to do business.” As conciliatory gestures go, that one by John Magufuli, Tanzania’s president, to Acacia Mining, the country’s largest foreign investor, could hardly have been more fork-tongued.

General Electric picks a new boss


John, Jeff, after Jack JEFF IMMELT looks as if he was born to be a chief executive. Tall, affable and energetic, he was picked to run General Electric in 2001 after an interminable and mildly sadistic selection process run by GE’s then CEO, Jack Welch, at the time America’s most celebrated boss.

The battle for territory in digital cartography


IN THE 1940s Jorge Luis Borges, an Argentine writer, wrote a short story about mapping. It imagines an empire which surveys itself in such exhaustive detail that when unfolded, the perfectly complete 1:1 paper map covers the entire kingdom.

America’s number two ride-hailing firm


ONE firm’s bad news is often another’s good fortune. For years Lyft, an app that offers on-demand rides, was outdone by its seemingly unstoppable rival, Uber, which zoomed into new markets and grabbed a near-$70bn valuation, the largest of any private American tech firm in history.


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