The Business Times
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Chris Bryant

Lei Jun, CEO of Xiaomi, introduces the YU7 in Beijing. The vehicle is the complete package, says the writer – a stylish and tech-laden SUV with up to 835 km of driving range, all for an affordable price.

Xiaomi made a cheap Ferrari EV. Who needs Porsche?

US Secretary of Commerce Howard Lutnick was the former chairman and chief executive officer of Cantor Fitzgerald, which leads the pack of Spac IPO bookrunners this year, underwriting around a dozen transactions. The company is now chaired by his son Brandon.

Spacs are back. What could go wrong this time?

In theory, most of us should be able to work longer because in general, we are healthier than previous generations were at the same stage in life.

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

Weighing German plant closures and compulsory redundancies for the first time, managers at Volkswagen have warned that around 10 per cent of production line workers are now absent, according to German tabloid Bild.
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

Oliver Blume, CEO of both Porsche and Volkswagen, has batted away critics saying that both companies benefit “enormously” from the set-up.
THE BOTTOM LINE

Porsche and Volkswagen deserve full-time drivers at the wheel

Some of the industry’s best returns came during or following recessions, as starting valuations were lower and there was less competition to acquire assets.

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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