• An oil trader got caught sending bribes to Africa. Then he turned on his colleagues Link
    Businessweek Thu 16 Sep 2021 07:00
    Glencore Plc in August 2019, he had two big secrets: For a dozen years, he’d paid millions in bribes to African officials and intermediaries. And he was now helping a U.S. Justice Department investigation into the company and numerous former colleagues.

    Corruption isn’t exactly unheard of in the extraction and trading of commodities, especially in the developing world. But details of Stimler’s cooperation deal, obtained from the U.S. attorney’s office in Manhattan and which haven’t been reported before, offer a rare opportunity to see how it works — the scale, scope and almost routine nature of such transactions. 

  • These are Asia's best business schools Link
    Businessweek Thu 16 Sep 2021 06:50
  • Why SpaceX is sending up four civilians with no formal astronaut training for a three day orbital jaunt Link
    Businessweek Thu 16 Sep 2021 06:30

    A SpaceX rocket is set to launch four civilians into orbit for a three-day voyage circling the Earth, a new milestone in Elon Musk’s quest to send everyday people to the cosmos, eventually establishing a colony on Mars.

    No professional astronauts will be on board. The flight is scheduled for liftoff as soon as Wednesday evening from Florida. The passengers will rely upon the SpaceX Dragon capsule’s autonomous capabilities for navigation, life support and a safe return, splashing down in the Atlantic Ocean. The trip, dubbed

  • Apple says it won its lawsuit with Epic, but the court’s decision shows how app store gatekeepers could lose control Link
    Businessweek Thu 16 Sep 2021 06:00
    Apple Inc. introduced its App Store in 2008, the company’s founder and chief executive Steve Jobs had a message for iPhone app developers. “We are not trying to be business partners,” he
  • These are the best business schools in the world. Take a look at our 2021-22 B-School Rankings. Link
    Businessweek Thu 16 Sep 2021 05:50

    Stanford was ranked the top U.S. business school in the Bloomberg Businessweek 2021-22 Best B-Schools MBA ranking. A repeat winner, Stanford scored highest in compensation, networking, and entrepreneurship. Dartmouth’s Tuck school came in second, with Harvard third. For the first time, Bloomberg Businessweek's MBA ranking included a Diversity Index that measures U.S. schools on race, ethnicity, and gender in their classes.

    Bloomberg Businessweek ranked 119 MBA programs around the world. IMD once again was tops in Europe, and CEIBS was a repeat winner in Asia-Pacific. Queen’s Smith school climbed to No. 1 in Canada. Three schools were ranked for the first time, and 102 schools in the ranking moved up or down.

    Rankings were based on 19,955 surveys from students, alumni, and recruiters, as well as compensation and employment data from each school. For the first-ever Diversity Index, U.S. schools also provided data on race, ethnicity, and gender...

  • This is the inside story of how Peter Thiel gamed Trump, Silicon Valley’s biggest executives, and democracy itself to make billions, tax-free Link
    Businessweek Thu 16 Sep 2021 05:30

    The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys and advisers and, for a change, the heads of the largest technology companies in the world.

    “These are monster companies,” Trump declared, beaming at a

  • NEW: The people in charge of getting packages to your door are facing a pandemic, an acute labor shortage and sky-high demand ? Read The Big Take ?? Link
    Businessweek Thu 16 Sep 2021 05:10

    It’s mid-August, and logistics manager RoxAnne Thomas’s phone won’t stop pinging. Her faucets, sinks, and toilets are waylaid near Shanghai, snagged in Vancouver, and buried under a pile of shipping containers in a rail yard outside Chicago. As U.S. transportation manager for

  • It's more than just lowering the volume. Here's what cities can do to sound better and make their citizens happier Link
    Businessweek Thu 16 Sep 2021 05:00

    Before the pandemic, the London street where I live was a rare patch of calm in a noisy city. When the lockdowns of 2020 arrived, that situation flipped like a switch.

  • Mergers in golfing, boating, and other leisure-related companies have boomed this year Link
    Businessweek Thu 16 Sep 2021 04:45

    Interest in outdoor pastimes soared during the pandemic as health concerns forced a rethink of many indoor activities. That didn’t escape the attention of mergers-and-acquisitions bankers.

    It’s only September, but so far this year companies have announced $11 billion in leisure-related takeovers in North America. That’s the highest annual volume since 2006, when private equity firms gobbled up travel-services companies Travelport and Sabre Holdings in a pair of multibillion-dollar deals.

  • Flutwein, a.k.a. “flood wine,” is helping one German community rebuild after a devastating natural disaster Link
    Businessweek Thu 16 Sep 2021 04:15

    Peter Kriechel awoke on the morning of July 15 to find a dozen smashed cars piled up in his garden and the streets of the once picturesque village of Ahrweiler awash in muddy debris. At his family’s nearby 

  • Amazon is facing a unionization effort at a fulfillment center in Canada, just months after defeating a similar drive in the U.S. Link
    Businessweek Thu 16 Sep 2021 03:40
    Amazon.com Inc. is facing a unionization effort at a fulfillment center in Canada, just months after defeating a similar drive in the U.S.

    The Teamsters, through a local chapter, filed an application with the Alberta Labour Relations Board to hold a vote on unionizing workers at the company’s facility in Nisku, a suburb of the province’s capital, Edmonton.

  • The CFA route is a low-cost path to get into the clubby world of finance. The only catch? It’s never been tougher to clear its exams Link
    Businessweek Thu 16 Sep 2021 03:35

    Schmoozing won’t get you anywhere in the CFA program.

    To earn the chartered financial analyst certification, Wall Street’s aspiring asset managers need to have a stone-cold mastery of skills like valuing stocks and analyzing financial statements — not after-hours networking drinks that are hallmarks of an expensive MBA program, an alternative path to getting a job.

  • If you haven't book your holiday travel yet, you're already late. But there are still ways to guarantee a sunny, tropical vacation. Link
    Businessweek Thu 16 Sep 2021 03:30
  • We tracked a group of businesses in one Seattle neighborhood during the pandemic. Here’s what they did to survive—and what they're doing next. Link
    Businessweek Thu 16 Sep 2021 03:25

    The pandemic changed the heartbeat of urban areas across the U.S.­—few more so than the Pike/Pine corridor of Seattle’s Capitol Hill neighborhood. The vibrant-at-all-hours commercial district seemed headed for disaster as the economy shut down in March 2020. People holed up in their apartments, logging on to corporate office jobs at Amazon.com Inc. and other employers that had suddenly gone remote. Restaurants and bars went to takeout. Brick-and-mortar shops tried to make a go of it online. Music venues fell silent.

  • MBA programs aren’t enrolling enough Black and Hispanic students Link
    Businessweek Thu 16 Sep 2021 03:00

    Jaeden Powell says she was hesitant to share her opinion with co-workers at her first job at a New York investment bank. As a young Black woman, she wasn’t sure where she fit in. “There weren’t a lot of people who looked like me in the room,” Powell says.

    Now the 24-year-old is the first to occupy a spot aimed at students from underrepresented groups at

  • The Norwich Inn saw bookings dry up when Dartmouth students went home. Its management made these upgrades to prepare for their return. Link
    Businessweek Thu 16 Sep 2021 02:45
    Dartmouth College, has seen its share of ebbs and flows in the past two centuries, but nothing could prepare the management team for the implosion caused by the coronavirus pandemic. Normally a favorite with students, alumni, and visiting parents and professors, the inn was all but forced to close down when Dartmouth conducted classes mainly online last school year. Now Dartmouth, like other schools, has
  • The man who calls himself "Inflation Guy" has been preparing for this moment for almost 20 years Link
    Businessweek Thu 16 Sep 2021 02:25
    Barclays Capital in New York when he was tapped to build a business around inflation swaps, contracts that let traders bet on a rise in consumer prices. Ashton says he was a “good enough” trader—the real job was to build a new market by being “an evangelist for the product.”

    He became one even though, until recently, he expected inflation to be low and stable. Correctly so: In recent years, the U.S. consumer price index has often grown below 2% annually. Ashton says his measured outlook irritated his bosses at Barclays, who viewed it as an impediment to drumming up business. He thought it didn’t matter: Inflation was an ever-present risk, he was inventing ways to insure against it, and low inflation made it cheap to do so. But while the market grew, and Ashton in 2009 founded an advisory business for hedging large or unusual inflation risks, he remained a voice in the desert crying out that he had rain boots for sale. “The lack of interest was amazing,” he says. “It’s...

  • Women are filling fewer MBA spots than men, and Covid isn’t helping Link
    Businessweek Thu 16 Sep 2021 01:40

    The U.S. MBA is no more immune to the gender gap than the rest of corporate America. Even as women make up a majority of all college students and fill more than 6 out of every 10 seats in U.S. master’s degree programs, the number of aspiring female executives continues to lag in

  • New, higher end flavors of mooncakes are in especially high demand this year Link
    Businessweek Thu 16 Sep 2021 01:35

    For centuries, mooncakes have been the signature component—equivalent to such treats as chocolate eggs or hot cross buns for Easter—for the Mid-Autumn Festival, a widely celebrated Asian holiday dedicated to the moon. Demand for the most extravagant versions of the cakes, which are often given as gifts, has been intense for years. Since the start of the Covid-19 pandemic, it’s ramped up even more in some places as people seek comfort in tradition.

    In Singapore, where few have been able to travel for most of the pandemic, locals have more money to spend, along with an increased focus on the holiday’s rituals. This year’s festival, which falls on Sept. 21, poses additional challenges in Covid-related supply chain snafus. 

  • These are the best business schools in the world. Take a look at our 2021-22 B-School Rankings. Link
    Businessweek Thu 16 Sep 2021 01:20

    Stanford was ranked the top U.S. business school in the Bloomberg Businessweek 2021-22 Best B-Schools MBA ranking. A repeat winner, Stanford scored highest in compensation, networking, and entrepreneurship. Dartmouth’s Tuck school came in second, with Harvard third. For the first time, Bloomberg Businessweek's MBA ranking included a Diversity Index that measures U.S. schools on race, ethnicity, and gender in their classes.

    Bloomberg Businessweek ranked 119 MBA programs around the world. IMD once again was tops in Europe, and CEIBS was a repeat winner in Asia-Pacific. Queen’s Smith school climbed to No. 1 in Canada. Three schools were ranked for the first time, and 102 schools in the ranking moved up or down.

    Rankings were based on 19,955 surveys from students, alumni, and recruiters, as well as compensation and employment data from each school. For the first-ever Diversity Index, U.S. schools also provided data on race, ethnicity, and gender...

  • Australia was once the model for stamping out Covid outbreaks. Now it’s anything but Link
    Businessweek Thu 16 Sep 2021 01:10
    coronavirus pandemic is creating perhaps the biggest crisis for Australia’s federal system since 1901, when six disparate British colonies in the so-called Great Southern Land united to win collective independence. The country has never been as divided as it is now.

    State borders that were previously little more than photo opportunities are now fortified in a bid to keep out residents from Covid-hit places. Separated family members are defying police orders by hugging each other across the barricades, and some Australians have been denied the right to retrieve their children or visit dying relatives.

  • This is the inside story of how Peter Thiel gamed Trump, Silicon Valley’s biggest executives, and democracy itself to make billions, tax-free Link
    Businessweek Thu 16 Sep 2021 01:00

    The meeting started with a thank-you. President-elect Donald Trump was planted at a long table on the 25th floor of his Manhattan tower. Trump sat dead center, per custom, and, also per custom, looked deeply satisfied with himself. He was joined by his usual coterie of lackeys and advisers and, for a change, the heads of the largest technology companies in the world.

    “These are monster companies,” Trump declared, beaming at a

  • Apple says it won its lawsuit with Epic, but the court’s decision shows how app store gatekeepers could lose control Link
    Businessweek Thu 16 Sep 2021 00:45
    Apple Inc. introduced its App Store in 2008, the company’s founder and chief executive Steve Jobs had a message for iPhone app developers. “We are not trying to be business partners,” he
  • These are the most diverse business schools in the U.S. Link
    Businessweek Thu 16 Sep 2021 00:25

    Bloomberg Businessweek’s first Best B-School’s Diversity Index provides a window into the racial, ethnic, and gender makeup of U.S. MBA programs. Half the score is based on race and ethnicity, the other half on gender.

    The context within which we launch the Diversity Index is the historic national reckoning on race that was triggered by the killing of George Floyd. Our mission in rolling it out is to assess and rank B-Schools based on the degree to which they are addressing the institutional racism and discrimination that have excluded certain minority groups and women from U.S. MBA programs. Diversity details for each of the 84 schools in our U.S. ranking can be found here, and we provide a full explanation of the new index in our Methodology.

  • Why SpaceX is sending up four civilians with no formal astronaut training for a three day orbital jaunt Link
    Businessweek Thu 16 Sep 2021 00:10

    A SpaceX rocket is set to launch four civilians into orbit for a three-day voyage circling the Earth, a new milestone in Elon Musk’s quest to send everyday people to the cosmos, eventually establishing a colony on Mars.

    No professional astronauts will be on board. The flight is scheduled for liftoff as soon as Wednesday evening from Florida. The passengers will rely upon the SpaceX Dragon capsule’s autonomous capabilities for navigation, life support and a safe return, splashing down in the Atlantic Ocean. The trip, dubbed

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