Hints and tips:
...In South Africa, Bain was described by a judicial report as a corporate enabler of graft during the government of former president Jacob Zuma, when it worked for the country’s tax agency....
...Facebook parent Meta last year failed to overturn the CMA’s ruling that it must sell Giphy, the image-sharing service, unwinding a $315mn deal....
...Unsurprisingly, he argues that the downturn is only a temporary correction and that the opportunities for entrepreneurship, and VC investment, are greater today than ever before....
...“There was a flight to other ETFs because of some of the disadvantages the Grayscale product had, but this is just a minor price correction,” said Joel Kruger, market strategist at LMAX....
...A judicial review is a type of legal action allowing a court to quash a public body’s decision if it has not followed a proper process....
...Maybe it could hike the average take rate, which is the cut it takes from each driver’s fare in addition to the service fee....
...Rees-Mogg said he was particularly concerned at the way Bain’s South African division “colluded” with the regime of former president Jacob Zuma to undermine the country’s revenue service....
...Greater user choice may sound fine in theory, they argue, but it will challenge fundamental aspects of how services work....
...Investors were “jumping the gun” by predicting aggressive Fed cuts late last year, and this year’s rally has been driven by a correction of that view, according to Athanasios Vamvakidis, global head of G10...
...While this outcome may seem counterintuitive, we anticipated a correction in those funds’ performance in last year’s annual letter, noting that their dramatic outperformance over public markets was likely...
...A former mid-level manager attributed the frequent course corrections to Li’s preoccupation with technology rather than making money....
...Additional contributions by Tee Zhuo and Amanda Chu Correction from yesterday’s edition, the name of the tobacco company Altria was incorrectly spelt as Altia. Apologies for the misspelling....
...CA: We were very pleased in the last earnings that the inventory dynamics and the correction of the phone market we saw in 2023 on Android are behind us now....
...But parliamentary, fiscal and judicial hurdles appear set to delay the scheme until May at the earliest....
...Those brave enough to submit mergers for scrutiny in the UK will need to deal with a judicial review system that’s broadly in favour of the regulator....
...A version of this article was first published by Nikkei Asia on August 3. ©2023 Nikkei Inc. All rights reserved....
...It can impose fines of up to 10 per cent of global turnover, but companies can only appeal against its rulings through judicial review rather than on a case’s merits....
...At the same time, the so-called Great Netflix correction has cast doubt on the streaming business model....
...Hastings, who launched Netflix in 1997 as a DVD-by-mail service, wrote in a blog post that he had been increasingly delegating management in recent years....
...A third of senators missed last year’s filing deadline, and corrections can be subject to even longer delays — Ron Wyden, the chair of the Senate finance committee, updated his 2015 annual report five years...
...The “Great Netflix Correction”, as it has become known in Hollywood, has triggered anxiety about the streaming business model and the future of entertainment....
...But luxury experts say that there’s simply been so much wealth created over the past two decades that even a 20 per cent stock market price correction is a blip for the top 5 per cent of the market....
...“He needs to have acted in a quasi-judicial fashion, otherwise the risk is the whole thing could come crashing down.”...
...Warner, meanwhile, has embarked on aggressive cuts and other “course-correction measures” to squeeze out at least $3bn in annual savings by 2024, a target it described as “conservative”....
...Additional reporting by Kim Dung Tong in Ho Chi Minh City and Yuji Kuronuma in Tokyo A version of this article was first published by Nikkei Asia on January 6 2023. ©2023 Nikkei Inc....
International Edition