Last year, including share purchases, more than $62bn was deployed by activist investors on their campaigns, double the amount spent in 2016. At the same time, activism is changing. In the US, the number of proxy fights - battles where hedge fund managers seek to install a hand-picked director onto a company board – have fallen to a five year low. So why are campaigns becoming less confrontational?
Over the past 12 months Covid-19 has curtailed countless business activities, but not money laundering. The UN estimates some $1.6tn is laundered every year, and authorities say lockdown measures have presented criminals with even greater opportunities...
A number of governments, central banks and even some economists now advocate a switch to all-digital currencies. With the rapid rise of mobile payments, the long-term survival of cash seems precarious.
If the US put tariffs on Chinese goods, the impact would be felt way beyond the borders of both countries. China is the world’s biggest exporter, but it’s also the second biggest importer, with many of those imports coming from other Asian countries.
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