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...Elsewhere, China’s ride-hailing leader Didi has been quietly pushing ahead with a car project known internally as Da Vinci, which involves taking a stake in heavily indebted state-backed automaker Guoji...
...Fink described the mismatch between what Americans were saving and what they would need as “a problem so big and urgent that government and corporate leaders [need to] stop business as usual [and] step out...
...Swipe fees — otherwise known as interchange fees — have long been a point of contention between merchants and credit card companies....
...as plug-in hybrids and battery electrics, and the Tang hybrid SUV in recent weeks....
...RuneScape comes in two types: regular RuneScape (also known as RuneScape 3), and the more-popular Old School RuneScape (OSRS), which is basically a retro version of the game....
...Li’s company, which has offices in Hefei, near Shanghai, as well as in Silicon Valley, designs and sells EV chassis — known as skateboards....
...In 2008, Charlie Munger convinced his business partner Buffett to invest $230mn for a 10 per cent stake in the then little-known Chinese company, arguing that in Wang they had a mix of Thomas Edison and...
...has also lost its appeal....
...If your father held the shares in the private companies for a period of two years, then a relief from IHT (known as “business property relief”) will likely apply to exempt the shares....
...The first is payroll giving — also known as “give as you earn” — which involves donating via a direct deduction from your pay (or pension) to a charity of your choice....
...Existing collectors are also kept engaged by the round of parties and dinners at fairs such as Art Basel Miami Beach....
...None was considered good enough to launch as the singular competitor to OpenAI’s model, known as GPT-4....
...The state is also intervening to prop up the stock market, which has fallen more than 20 per cent in the past year, such as with restrictions on short selling, tighter capital controls and mobilising state-owned...
...EU regulations known as Mifid II, which force brokers to charge clients separately for investment research and trading, have also squeezed smaller brokerages....
...Sotheby’s lawyers maintained the auction house was just doing its job: selling art. “That’s what auction houses do . . . that’s how the business works,” Asner said during closing arguments....
...It is one of several sportswear companies known as the “Fujian Tigers” that emerged in the 1980s and manufactured clothing and shoes for western brands, including Nike....
...The turnaround also involved stripping out head office costs and cutting back on products not linked to books and the more intellectual world of Waterstones such as gifts and stationery — “all of the cushions...
...Spacs do the initial work of the IPO, with the start-up using it as a vehicle to become a publicly traded company via a merger, also known as a “de-Spac”....
...Surely the hunt to get young users hooked on a platform as soon as possible, as part of running a profitable business, is at odds with caring for their wellbeing?...
...It also has more silicon content, which also drives more margin contribution for the business. That’s how it happens on the phone. On PC it is completely different and it’s an incredible opportunity....
...Hey is a pioneer of what is becoming known as the flexible office....
...Wilding was so ebullient that he not only quoted Buffett’s longtime business partner Charlie Munger, but also Winston Churchill....
...Timo Nieminen, a 50-year-old from London, started financial trading six years ago and soon began mirroring other people’s trades, in a practice known as copy trading....
...Tina Mitchell, retail director at Waitrose, said in a staff video seen by the Financial Times that some employees — known as partners because they jointly own the business — may need to make “sacrifices...
...On top of facilitating merchant payments, WhatsApp has also begun rolling out features to enable money transfers between individuals, known as peer-to-peer payments, in recent years in markets including...
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