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Aston Martin IPO looks like a case of a Ferrari envy

Tech IPOs generate lots of excitement, but for sheer theater it helps to have something tangible — like a car. When Ferrari NV sold shares to the public in 2015, it parked half a dozen of its most recognisable vehicles outside the New York Stock Exchange. This seemed to do the trick. Before long, the company’s shares were valued as ...

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Imagine a world where shareholders didn’t come first

US Senator Elizabeth Warren has proposed a bill — the Accountable Capitalism Act — that would require large companies to create corporate charters that take account of the interests of workers, customers and communities in addition to shareholders. To enforce this dictum, it would give each company’s employees the power to elect 40 percent of the corporate directors. Right now, ...

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First UAE-made satellite to be launched on Oct 29

DUBAI / WAM HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Mohammed bin Rashid Space Centre and the General Supervisor of its projects and plans, said launch of KhalifaSat is an important step towards achieving UAE’s space strategy. Highlighting the efforts of the Mohammed bin Rashid Space Centre team, he said ...

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