Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

Apple’s Reliance on China Grows Perilous With Chaos in iPhone City

The daily Covid testing also proved to be flawed. As many as 20 workers’ throat swabs were put into one tube to speed testing and lower costs. If the results came back positive, all the workers whose samples were in that one tube were put into isolation for further testing. Those who worked on the … Read more

Sam Bankman-Fried’s Island Haven Is Drawing Scrutiny After FTX Demise

Sam Bankman-Fried’s Island Haven Is Drawing Scrutiny After FTX Demise

The company started buying luxury residential properties, too, making “a big splash in a small pond” of the island market, said Boeuf, who wasn’t involved in any of the transactions but has spoken to agents who were. Only some of the property purchases have surfaced publicly, including at least $74.2 million on condos, houses, office … Read more

GoTo In Talks With Alibaba, SoftBank For $1 Billion Stake Sale

GoTo In Talks With Alibaba, SoftBank For  Billion Stake Sale

GoTo has engaged Citigroup Inc. and Goldman Sachs Group Inc., along with local advisers, to help with managing the potential selldown by existing shareholders, the people said. Representatives of GoTo, Citigroup, Goldman Sachs and SoftBank declined to comment. Alibaba did not respond to a request for comment. .

Google Contractors Allege They Were Fired for Union Ties

Google Contractors Allege They Were Fired for Union Ties

In July, two other workers at the site, Dustin Sommers-Hehn and Leilani Morton, met in the data center’s common area to discuss working conditions, according to the statement of facts. Later that week, management gave Sommers-Hehn a “final warning” for having a “union meeting” and told Morton that discussing unions was forbidden, the document states. … Read more

China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

China’s Race to Avoid a Wall Street Ban Is Off to a Tense Start

The latest high-stakes drama between the world’s biggest superpowers is unfolding in the unlikeliest of places: a Hong Kong office tower full of accountants. .

Is China Done With Its Market Crackdown? Ash Fosun

Is China Done With Its Market Crackdown?  Ash Fosun

(Bloomberg Opinion) — Global investors are wondering these days if Beijing has decided to ease a yearlong regulatory crackdown that has cost them more than $1 trillion in losses. After all, China accounts for about one-third of the emerging markets benchmark index. It’s simply too big to be ignored. With no clear statement of policy … Read more

Dubai’s Future Is in the Hands of Two Very Different Princes

Dubai’s Future Is in the Hands of Two Very Different Princes

As their 73-year-old father, the ruler of Dubai, hands them more responsibility, Sheikh Hamdan bin Mohammed Al Maktoum, 39, and brother Sheikh Maktoum, 38, have each carved out a niche. They face the task of safeguarding Dubai’s status as the Middle East’s pre-eminent business hub amid competition from regional rivals and international scrutiny following Russia’s … Read more

Amazon Sellers See ‘Scary’ Holiday Season as Consumers Pull Back

Amazon Sellers See ‘Scary’ Holiday Season as Consumers Pull Back

The effects are rippling from sellers to firms that support them, including small business lenders. Amazon merchants commonly borrow about $100,000 to buy inventory and pay for marketing campaigns during the holidays, paying the loans off with their proceeds. Seth Broman, chief revenue officer of Swiftline, which offers loans to online merchants, is turning down … Read more