The Business Times

Lionel Laurent

For Swiss drugmakers like Novartis, the stay of execution granted to the sector feels temporary, with a possible 25 per cent pharmaceutical tariff to come if no deal is done.

Neutrality got the Swiss nowhere on tariffs

The Alpine country found out the hard way that the US is not here to help

Even if Elon Musk deserves credit for his part in SpaceX’s domination in both rocket launches and satellite communications, the feud’s weaponisation of space suggests innovation has taken a backseat to favouritism.

Musk is the US$350 billion Rocket Man who fell to Earth

His Maga feud is a costly lesson for a space economy dependent on one firm

German Chancellor Friedrich Merz warns: “At the moment, we strongly protect US tech companies … That can be changed.”

Big Tech is a target if 50% EU tariff threat stays

Trump’s pressure tactics on Europe are cheap; giving in to them would be costly

Paris needs to devise a new equity story beyond its trademarks of tourism, luxury and politically connected corporations.
THE BOTTOM LINE

Paris and London’s wealth loss is Dubai’s gain

The two cities are losing the war for private equity and hedge funds

FILE PHOTO: Representations of cryptocurrencies are seen in this illustration, August 10, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
THE BOTTOM LINE

Crypto’s next bubble will be politically motivated

Trump’s reserve proposal is monetary madness, echoing the fight for a system backed by both silver and gold in McKinley’s day

Revolut co-founder Nikolay Storonsky recently flagged that backers will want an initial public offering “sooner or later”, and that the US looks a preferable listing destination.
THE BOTTOM LINE

Revolut’s road to IPO will test fintech’s hype

The neobank’s ambitious expansion comes with renewed pressure on cost

(FILES) Former President and 2024 Republican presidential candidate Donald Trump gestures while giving a keynote speech on the third day of the Bitcoin 2024 conference at Music City Center July 27, 2024 in Nashville, Tennessee. Images/AFP. Trump's triumphant return to the White House signals a potential golden era for cryptocurrencies, whose influential backers heavily supported his presidential bid. After years of ascendancy following bitcoin's emergence, the cryptocurrency industry had fallen into a "crypto winter," plagued by scandals and hostile regulatory oversight. But Trump's impending presidency has spurred an enthusiastic market response, with bitcoin surging more than 25 percent in a week and breaking through the $90,000 mark for the first time. (Photo by Jon CHERRY / GETTY IMAGES NORTH AMERICA / AFP)

Trump meme coins are a disaster in waiting

The First Family’s chaotic cryptocurrency ventures feel like ICOs and NFTs all over again

Good vibes (and tax receipts) can also help the economy: Bloomberg Economics reckons French economic growth will pick up in the third quarter.
PERSPECTIVE

The Olympic doom everyone predicted never came to Paris

Gold medals galore are spreading joy in a land of pessimists

European startups, rather than spying opportunity in the current US tech world’s wobbles, say they’re struggling with the complexity of the European Union's AI Act.

Europe has US tech in its sights; it might miss

There is a risk new rules only end up entrenching the transatlantic tech divide

At a crypto event on Saturday (Jul 27), Republican presidential nominee Trump vowed to fire top securities regulator Gary Gensler in favour of a more pro-crypto watchdog.
THE BOTTOM LINE

Trump’s embrace of Bitcoin is the art of the grift

More cryptocurrency in politics is the last thing we need

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