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The truth of Deliveroo’s $11b IPO

The investment giants kicking up a stink about Deliveroo Holdings Plc, the hot startup that is preparing to list in London next week, are only half right. Legal & General Investment Management, Aberdeen Standard Investments and Aviva Investors are among the asset managers who have said they don’t plan to invest in the initial public offering, which will see the ...

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Japan remade its supply chains after catastrophe

As global supply chains buckle under Covid-19 stress, those in Japan remain sturdy, free of inflationary pressures and fitful economic activity. Container shipping costs aren’t spiking and delivery times aren’t delayed. Industrial activity is humming along while manufacturers’ sentiment is at its highest in almost two years. Overseas orders are recovering. It’s all the product of hard lessons learned — ...

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Johnson played a blinder on the EU vaccine spat

A blustering prime minister and a rule-breaking UK government present few problems for the European Commission. It has long experience of dealing with troublemakers on the fringes of Europe. A sweetly reasonable Boris Johnson, however, is a more formidable opponent. He should try making nice more often. Commission President Ursula von der Leyen is under fire across the continent, especially ...

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