China is in the midst of a profound economic crisis. Growth rates are flagging as an unsustainable mountain of debt piles up; China’s debt-to-GDP ratio reached a record 288% in 2023. But even that eye-popping figure does not capture the uncomfortable fact that much of it was borrowed to buy assets that no longer yield enough income to repay the debt. This is especially true in the housing sec…
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When Diane Levitt decided she wanted to move across the country in the summer of 2021, she knew that asking her employer if she could go permanently remote was a big “ask.” But she also knew that if she didn’t ask, it would mean leaving her job and having to look for another one. So, she went ahead, and much to her surprise, after a few initial bumps, her boss agreed.
In…
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Elon Musk has secured about $7.1 billion of new financing commitments for his proposed $44 billion takeover of Twitter Inc., the company said in a filing Thursday.
The commitments come as the Tesla Inc. billionaire marshals capital to bankroll one of the largest tech industry acquisitions to date. The investors named in the filing include Binance, Brookfield, Fidelity Management & Res…
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China’s chip industry is growing faster than anywhere else in the world, after US sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.
Nineteen of the world’s 20 fastest-growing chip industry firms over the past four quarters, on average, hail from the world’s No. 2 economy, according to data compiled by Bloom…
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Acquaintances are likely to be more vital to your online job search than close friends or family, according to a new study.
Researchers from the Massachusetts Institute of Technology (MIT), Harvard, Stanford, and LinkedIn conducted the largest-ever study on the impact of social media on the labor market, and have determined that “moderately weak” social ties are more beneficia…
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Tesla Inc. handed over the first of its electric Semi trucks, a milestone for the automaker more than five years after it unveiled the vehicle.
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In cities across China, the country’s central bank has begun rolling out the e-renminbi—an all-digital version of its paper currency that can be accessed and accepted by merchants and consumers without an internet connection, credit or even a bank account.
Already having conducted more than $5 billion in e-renminbi transactions, China has opened its digital currency up to for…
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In 2023, TIME will once again recognize 100 businesses making an extraordinary impact around the world. Applications for the TIME100 Most Influential Companies of 2023 have been EXTENDED through March 8, 2023. Apply here.
(To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)<…
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It almost goes without saying that the most important business story of the year has been and will continue to be rising interest rates and their ripple effects. This is a big topic with wide-reaching implications that we’re yet to understand fully. In this column, I want to touc…
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Our global “new normal” appears to be a return to solving for basics—food, energy, and security— problems our global systems were thought to be on a trajectory to solve. How did we get here—and how can we move forward?
A return to old risks against a backdrop of new concerns
Against a backdrop of the persistent health and economic ove…
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