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City of London fails to take back control after Brexit

The City of London’s chief coping mechanism for dealing with Brexit’s threat to the financial services business is to dismiss the loss of jobs and investment as a trickle rather than a flood. Yes, cheerleaders argue, some 7,500 jobs have been moved to the European Union, but that’s a fraction of the hundreds of thousands predicted by the doomsayers. Sure, ...

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Twitter must stick to its guns in India

When India’s minister for commerce and industry recently urged his followers to “connect with me” on Koo, an “Indian micro-blogging platform,” he did so on Twitter. That should be a lesson to the US social media giant: In its battles with India’s government and others around the world, the platform needn’t surrender its principles too easily. The implied threat from ...

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Amazon spends a lot on R&D. Don’t call it that!

Along with the news that founder and long-time Chief Executive Officer Jeff Bezos “will transition to the role of Executive Chair in the third quarter of 2021,” Amazon.com Inc’s fourth-quarter earnings release included the remarkable if not exactly surprising disclosure that the company had spent $42.7 billion on “technology and content” in 2020, up 19% from the year before and ...

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