Opinion

The six-month long saga over the fate of Kohl’s Corp is heading towards a conclusion. The department-store chain has entered into a three-week exclusivity period with Franchise Group Inc on a potential $60 per share cash offer, valuing the retailer at about $8 billion, the two companies said. Kohl’s shares rose as much as 11% before closing up 8%. But ...

  Back in 2018, Pete Fussey, a sociology professor from the University of Essex, was studying how police in London used facial recognition systems to look for suspects on the street. Over the next two years, he accompanied Metropolitan Police officers in their vans as they surveilled different pockets of the city, using mounted cameras and facial-recognition software. Fussey made ...

  Back in February, when India was still in denial about its brewing inflation challenge, economists at Nomura Holdings Inc summarised the choices before the monetary authority into three neat boxes. First, they said, there was a 15% probability that the central bank was right to ignore supply-side pressures. But their base case, to which they assigned a 50% likelihood, ...

Now that Vladimir Putin’s war on Ukraine is more than 100 days old and Ukraine fatigue is setting in for most people, I’m finally able to think more or less rationally about a calamity that has turned my world, and that of many like-minded Russians, upside down — though in a much less traumatic way, of course, than it has ...

It takes a lot of guts to spend $42 billion in a single year on factories and equipment just as global interest rates are rising and economies are slowing. Even Taiwan Semiconductor Manufacturing Co’s (TSMC) investors had started to doubt the world’s biggest chipmaker. But the company’s confidence was on display again when Chairman Mark Liu told shareholders it expects ...

  The best political slogans are simple and direct: Think “It’s the economy, stupid,” or former UK leader Tony Blair’s “Tough on crime, tough on the causes of crime.” Japanese politicians don’t typically excel at these soundbites. That’s what made former Japanese Prime Minister Shinzo Abe’s “Three Arrows” of Abenomics such a standout — using a simple folk tale, it ...

  The corporate sector isn’t the economy. It’s possible that the economy can be brought into a “soft landing” of lower inflation and somewhat lower growth, and many are hoping for that. But it wouldn’t necessarily follow that companies and their investors would get away for free. What, to start with, would happen to corporate credit? There’s a lot of ...

  JetBlue Airways Corp isn’t giving up in its pursuit of Spirit Airlines Inc But a revamped bid raises more questions for Spirit shareholders trying to decide which offer to back. JetBlue once again tweaked its proposal for Spirit in an effort to thwart the ultra-low cost carrier’s plans to sell itself to Frontier Group Holdings Inc. JetBlue is now ...

How can the Tories dump a leader who has been as successful at winning elections and riding out controversy as Boris Johnson? And yet how can they stick with one whose character has become a liability, whom the public distrusts and whom many see as a threat to the integrity of governing institutions? The answer to both questions seems to ...

  Looking for hints on how to pull the world out of its current inflationary state? You could do worse than turn to a country whose currency is worth less than a trillionth of its value in the early 1980s. At a time when most of the world is compounding the problems of broken supply chains and rising energy prices ...