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India can relax. There’s a bigger China bet than Pak

After a two-day ‘informal summit’ between Xi Jinping and Narendra Modi, China and India agreed to avoid military disputes on their contested Himalayan border. Left unresolved was a much bigger issue: what China is doing in Pakistan. Fifty years ago, Pakistan’s foreign minister gave a box of mangoes to Mao Zedong, little realizing that this gesture would secure a special ...

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Microsoft’s turnaround could have started sooner

The Microsoft antitrust trial, which will have its 20th anniversary this fall, began with the legal equivalent of shock and awe. To the surprise of everyone in the courtroom, the government’s trial lawyer, David Boies, decided to use video clips of Bill Gates’s deposition as part of his opening statement. A Justice Department lawyer would touch a laptop button, and ...

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HSBC costs, conduct charge overshadow $2bn buyback

Bloomberg John Flint is off to a bumpy start at HSBC Holdings Plc. Costs at Europe’s largest bank rose at a quicker pace than revenue in the first quarter and it took a surprise charge for past misconduct. HSBC also said a $2 billion share buyback would be the only one this year given the “growth opportunities,” signaling the bank ...

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