Just as the Chinese duo of Jack Ma and Pony Ma have carved up major chunks of their country’s internet businesses, the battle for control of 1.3 billion Indians’ data could become a two-horse race. The contest would get under way if, as reported by Bloomberg News, Tata Sons Pvt brings in financial or strategic investors. The holding company of ...

Ever since LVMH Moet Hennessy Louis Vuitton SE said it was walking away from Tiffany & Co, the question has been why? The obvious answer is that LVMH chairman Bernard Arnault is trying to shave the $16 billion purchase price that now looks too high given the damage inflicted on the luxury industry by Covid-19. But saving a couple of ...

When economic historian Charles Kindleberger charted the rise of financial centres around the world in 1973, he doubted London could take the top spot in Europe’s growing union of states: “Sterling is too weak, and British savings too little.” Instead, after assessing various cities’ economies of scale and corporate pulling power, he plumped for Brussels. He was clearly betting on ...