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...“South-east Asia’s proximity, culture, language and natural resources mean it is a big attraction for Chinese corporates.”...
...Samsung regained its position as the world’s largest smartphone maker by volume in the first quarter, according to market researcher International Data Corporation, just three months after Apple claimed...
...Peter Spiegel responds Rana, you’ve argued that the Apple antitrust case may be the harbinger of what Morgan Stanley sees as an inevitable “undermining” of the “static leadership” of the current Big Tech...
...Microsoft, which has had more legal targets painted on its back than anyone, is the highest-valued corporation in the world....
...Meanwhile, shareholder meeting season has rolled around again, giving a window into how investors are — or are not — putting pressure on major corporations over their environmental and social impacts....
...The digital market is now the plaything of a few giant corporations....
...Good morning and we start with Apple’s decision to abandon a secret project to build an electric vehicle....
...“Mr Biden’s recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points.”...
...The biggest gaps by sector are construction, banking and consulting....
...The City’s efforts to attract big companies come as the commercial property market battles the effects of remote and hybrid working....
...Sawiris’s father Onsi started a construction business in Egypt in the 1950s and built it over decades into a large multinational corporation now called Orascom Construction....
...In the early postwar decades, America’s large multi-divisional corporations, of which General Motors was the best-known example, were seen in Europe as the model for how big business should be run....
...“We are too successful in North America, we are too big to manage this as a subsidiary,” Jenisch told the Financial Times. “We have all the tools, we have all the supply chain in place....
...“We’re storing the heat in big tanks of molten salt, like solar plants, and that’s a big thermal battery....
...TSMC’s planned $65bn of investments in Arizona are part of a construction race in the US that involves other global chipmakers such as Samsung and Intel, which are also taking big subsidies from Washington...
...Amazon has won a court battle with the European Commission over €250mn in taxes, delivering a blow to efforts to crack down on favourable tax deals between member states and big companies....
...The programme has been a big success, helping to reduce stunting among Indonesian children under the age of five to 21.6 per cent in 2022 from 30.8 per cent in 2018, according to Unicef statistics....
...That’s obviously worse than the minuscule bid-ask spread on Apple or Microsoft, but better than the runt of the Russell 2000 would have had 10-20 years ago....
...“With construction reeling under high rates and services out of steam, we’re looking at a shallow technical recession in the eurozone.”...
...Apple, Amazon and Microsoft, for instance, survived the 2000 crash, and came out stronger....
...Big airlines and the Irish prime minister have warned that maintaining the cap could hit an economy where multinationals such as Microsoft, Apple, Google and Pfizer pay billions of euros in corporation tax...
...It was a similar story among non-financial corporations where outstanding bonds reached a record $16.6tn in 2021, more than double the amount in 2008....
...Wanda Austin has been nominated to join the Apple board. She is the former chief executive of the Aerospace Corporation....
...Last year, Saudi Arabia’s Saline Water Conversion Corporation launched a $10mn global prize for Innovation in Desalination....
...“It’s a big decision potentially affecting many Apple employees in China, and it is sending out a message to American and other multinational corporations with business interests in China.”...
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