June, 2020

• 21 June

  The future of work in America is inside office

  Ever since the coronavirus sent millions of people home to work, people have been predicting that remote work will endure after the pandemic is over. Color me skeptical. I can’t imagine everyone not wanting to race back into the office the minute it is safe to do so. But my wife and I both have full-time jobs, and we have ...

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• 21 June

  Why not make college available to all in US?

  To reduce inequality and racial injustice, a lot of people are interested in making college available to all. The most ambitious proposals would cost a great deal of money — and taxpayers would have to foot the bill. Last week, the city of West Sacramento, California, did something fresh and creative — and cheap. It automatically admitted every one of ...

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• 21 June

  Reliance says it’s net-debt free after $15b Jio deals

  

  Bloomberg Reliance Industries Ltd, the conglomerate controlled by Asia’s richest man, said it has become free of net debt months ahead of a March 2021 target after raising more than $23 billion from stake sales and a rights issue. Its shares closed at an all-time high. India’s most valuable company said in a statement that it secured 1.16 trillion rupees ...

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• 21 June

  SoftBank leads $19.5m funding in UK’s Splyt

  

  Bloomberg The Japanese wireless unit of SoftBank Group Corp led a $19.5 million investment in Splyt Group Ltd, a UK-based startup that makes software to simplify ride-hailing abroad. With the latest round, Splyt has raised a total of $35 million, including an earlier investment by Southeast Asia’s ride-hailing giant Grab. SoftBank Corp declined to disclose the exact amount of its ...

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• 21 June

  KKR looks to triple Vietnam investments in next decade

  

  Bloomberg KKR & Co expects to at least triple its investments in Vietnam in the next decade as it seeks to capture rising demand from the Southeast Asian nation’s growing middle class. The US buyout firm’s investments in Vietnamese assets crossed $1 billion after a KKR-led consortium bought a stake in Vinhomes JSC, the largest real estate developer in the ...

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• 21 June

  Singapore’s Kamet on hiring spree

  Bloomberg Kamet Capital Partners Pte is on a hiring spree as the Singapore family office tops $1 billion in assets for the wealthy clients it serves in Asia. Kamet has hired seven people since April, bringing total headcount to 25, CEO Kerry Goh said. Two more staff will be added by September, said Goh, whose firm runs money for four ...

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• 21 June

  Thailand aims to target wealthy, not mass tourism

  

  Bloomberg Thailand’s tourism-revival strategy is to target big spenders seeking privacy and social distancing in the Covid-19 era, rather than try to attract a large number of visitors. The pandemic provides an opportunity to reset the sector, which had become reliant on Chinese groups and backpackers. Once the country’s borders are reopened and so-called travel bubbles are agreed upon, marketing ...

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• 21 June

  China’s smothering of HK has Democrats preparing for jail

  

  Bloomberg A year ago, Hong Kong protesters effectively killed an extradition bill that would subject them to criminal prosecution under China’s legal system for the first time — a victory that inspired them to demand real elections. Now Beijing has unwound all those gains, and gone much further in eroding Hong Kong’s autonomy. Details of a proposed national security law ...

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• 21 June

  Trump to order new rules on H-1B visa

  

  Bloomberg President Donald Trump said he will announce new restrictions on employment-based immigration visas in the next two days, as the nation recovers from pandemic-related unemployment. “We are going to announce something tomorrow or the next day on the visas,” Trump said in a Fox News interview, when asked about upcoming rules on several different visa categories, including the H1-B ...

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• 21 June

  Trump rally short on masks, supporters in campaign launch

  

  Bloomberg President Donald Trump kicked off his re-election campaign before a Tulsa arena crowd whose size fell short of his predictions, in a city reeling from a spike in Covid-19 cases. The 19,000-capacity BOK Center had plenty of empty seats during Trump’s speech, which came hours after the public-health threat of the event was underscored by news that six campaign ...

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