How the American takeover of a French national champion became intertwined in a corruption investigation

OVER THE past decade, American legal and regulatory authorities have subjected scores of large foreign companies to extraterritorial actions. Paying large fines, which can exceed $1bn, has often been the only way finally to settle such accusations of serious misconduct—typically, corruption or breaching sanctions—outside America. As a result, many bosses and executives are quietly paranoid […]

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Britain’s waning appeal to Europeans

BRITAIN’S FUTURE relationship with Europe is still uncertain after the overwhelming defeat of Theresa May’s deal in Parliament on January 15th. The worry for many British employers is that further messy negotiations and hostile political rhetoric will make it ever harder to attract skilled European workers. Get our daily newsletter Upgrade your inbox and get […]

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Is Google an evil genius?

AS A CHILD, Shoshana Zuboff accompanied her grandfather as he walked through his factory, greeting workers. He was an inventor and had made his fortune creating a mechanism to release drinks from vending machines. It was a blissful time, both for her and for American business, she recalls. In the 1950s and 60s, “business had […]

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California’s biggest utility is in deep trouble

CALIFORNIA’S largest utility is accustomed to disaster. In 2001 PGE declared bankruptcy after the state mismanaged deregulation of the electricity market. In 2010 one of PGE’S gas pipelines exploded. Its travails are even the stuff of Hollywood. “Erin Brockovich”, starring Julia Roberts, told the story of how the company let toxic wastewater run into groundwater supplies and had to […]

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Apple succumbs to the smartphone malaise

LAST SUMMER the market value of Apple passed $1trn, a first for any publicly traded Western company. It did not stay there for long. In November it passed the $1trn mark again, travelling in the other direction. Last week Tim Cook, the smartphone maker’s boss, cut revenue forecasts for the first time in over a […]

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