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The Business Times

Chris Bryant

Lei Jun, CEO of Xiaomi, introduces the YU7 in Beijing.

Xiaomi made a cheap Ferrari EV. Who needs Porsche?

U.S. Secretary of Commerce Howard Lutnick testifies before a House Appropriations Committee hearing on U.S. President Donald Trump's budget request for the Department of Commerce, on Capitol Hill in Washington, D.C., U.S., June 5, 2025. REUTERS/Leah Millis

Spacs are back. What could go wrong this time?

Generic image of aged worker for stories about retirement and older workers.

Working until 70 isn’t so bad provided you feel 55

(FILES) Employees work at the assembly line of the Volkswagen (VW) ID 4 electric car of German carmaker Volkswagen, in the production site of Emden, northern Germany on May 20, 2022. The Volkswagen group, which is preparing an unprecedented savings plan, formalised on September 10, 2024 the termination of the employment guarantee agreement in force for thirty years in Germany, the first stage of negotiations that promise to be stormy with staff representatives. (Photo by DAVID HECKER / AFP)
THE BROAD VIEW

Why the sick man Germany is paying up to curb sick days

A campaign rally by the far-right Alternative for Germany party ahead of the Thuringia state elections. To keep fringe parties at bay and remain a dependable partner for international allies, Germany must rediscover its economic and political mojo.
THE BOTTOM LINE

Why German angst is a worry for the world

In 2023, the total pay and benefits for Oliver Blume, CEO of both Porsche and Volkswagen AG, amounted to less than 10m euros (US$10.8m) -- far less than some rivals get for just one role.
THE BOTTOM LINE

Porsche and Volkswagen deserve full-time drivers at the wheel

While another bull market or interest-rate cuts could spare private equity firms some blushes, the onus is on them to deliver operational improvements rather than relying on rising valuations to generate profit for their investors.

Private equity’s bubble vintage may fizzle

A permanently closed Bed Bath & Beyond store in Hawthorne, California, on May 1, 2023.  The home goods chain filed voluntary petitions for relief in April under Chapter 11 at the US Bankruptcy Court for the District of New Jersey.

The corporate bankruptcy wave will get even uglier

There are hundreds of listed cash-shells looking for targets, and plenty of De-Spacs that badly need the cash. It does seem an incredibly convoluted way to raise money, but desperate times call for desperate measures

Spac-squared is Wall Street’s latest wheeze

SPAC (special purpose acquisition company) sponsors are hard put to find attractive deals within the allowed time limits and risk having to liquidate.

SPAC-squared is Wall Street’s latest wheeze

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MDDI (P) 046/10/2024. Published by SPH Media Limited, Co. Regn. No. 202120748H. Copyright © 2025 SPH Media Limited. All rights reserved.

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