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category_outlined / Business & Finanz
Bloomberg BusinessweekBloomberg Businessweek

Bloomberg Businessweek September 30, 2019

Each issue of Businessweek features in-depth perspectives on the financial markets, industries, trends, technology and people guiding the economy. Get the digital magazine subscription today and draw upon Businessweek's timely incisive analysis to help you make better decisions about your career, your business, and your personal investments.

Land:
United States
Sprache:
English
Verlag:
Bloomberg Finance LP
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CHF 59.48
50 Ausgaben

IN DIESER AUSGABE

access_time3 Min.
in brief

U.K. Prime Minister Boris Johnson suffered a devastating legal defeat. The country’s Supreme Court ruled that his suspension of Parliament was unlawful, a decision that complicates his plan to pull the U.K. out of the European Union by Oct. 31 without a deal. Johnson said that though he disagreed with the court’s ruling, he’d respect it—but still pursue Brexit. ▷ 30 Uber was granted a two-month license to operate in London. This gives the company a limited window to show regulators in one of its key markets that it’s improved governance such as ensuring drivers have appropriate insurance and training. ▷ 19 Credit Suisse sought to contain a growing scandal over its shadowing of former star banker Iqbal Khan. A security firm was tasked with following Khan around Zurich after he’d defected to crosstown…

access_time1 Min.
agenda

▶ Reunified, But Keeping a Distance Germany marks the anniversary of its reunification on Oct. 3, with Berlin hosting the main festivities on the Brandenburg Gate square. Almost three decades after the wall fell, the country is still struggling to overcome economic and political divisions between the East and West. ▶ On Oct. 1, General Motors and Ford are set to report quarterly U.S. vehicle sales. Fiat Chrysler and other automakers are posting monthly figures. ▶ Anglo American CEO Mark Cutifani speaks at the Joburg Indaba mining conference in Johannesburg taking place on Oct. 2-3. ▶ Snack and beverage giant PepsiCo reports earnings on Oct. 3. Soda consumption is falling as consumers turn to healthier drinks. ▶ The U.S. releases labor market data for September on Oct. 4. Economists are watching for signs that…

access_time2 Min.
meatless—a day a week

Global meat consumption has more than doubled since the 1960s, and production is set to double again by 2050. In one way, that’s a good thing—proof that rising incomes are supporting higher living standards in developing countries. But Americans still eat three times as much meat as the global average. For solid self-interested reasons, they and other rich-world diners ought to curb their appetite. Consider this: Livestock are responsible for 12% of man-made greenhouse gas emissions, more than the aviation industry. Most comes from just one animal: the humble, gassy cow. On a per-calorie basis, cattle are responsible for vastly more emissions than chickens and pigs, in part because their digestive systems produce methane, a potent greenhouse gas. From a climate change perspective, serving roast beef is as bad as driving…

access_time10 Min.
the detention of citizen krych

An accusation had been made against Przemyslaw Krych, and, at about 9 on the morning of Dec. 19, 2017, he was arrested at his home in Warsaw. The financier was sure there had been a misunderstanding, and, as armed agents of the Polish government took him away in handcuffs, he confidently told his wife he’d be back later in the afternoon. How could it not be a mistake? Krych was the founder and co-managing director of Griffin Real Estate, which had more than $5.6 billion in assets under management and was a partner in huge local projects with global investment luminaries Pacific Investment Management Co. and Oaktree Capital Group LLC. He carried his success with a swagger, typically explaining his business this way: “Griffin doesn’t develop real estate. We buy real…

access_time5 Min.
where the doctor is always in

On the second floor of a new office building in downtown Beijing, rows of people with headphones sit five abreast, typing furiously. Dressed in jeans and T-shirts, they could easily be mistaken for office clerks or call-center workers—except for the white coats over the backs of their chairs and signs hanging overhead that read: “Internal Medicine,” “Pediatrics,” “Gynecology,” “Obstetrics.” In one corner of this sprawling office sits Liu Sainan, a 47-year-old neurologist. In March, after 16 years at a top Beijing hospital, she joined Shanghai-based Ping An Healthcare & Technology Co., which runs the Ping An Good Doctor app. These days she treats patients via online messaging through the app, juggling as many as 10 people at once. Patients can also send pictures of symptoms, such as bruises, or their test…

access_time5 Min.
a flyin’shame

To celebrate raising $460 million in new capital, finance startup Klarna Bank AB invited 600 staffers from its Stockholm headquarters to Berlin for a party in September. But instead of heading to the airport for the 90-minute hop to the German capital, the programmers, managers, and salespeople showed up at Stockholm’s Central Station for a 15-hour schlep by train and bus. The company, which offers online payment services, bars virtually all employee air travel within Europe and discourages longer-distance flights. “It’s our aim to become carbon neutral,” says Robert Bueninck, chief of Klarna’s business in Germany, who frequently rides the rails on business trips to Brussels, London, and elsewhere. “We know what’s happening to our planet.” Like Klarna, companies across Europe are reconsidering travel policies, and individuals are asking whether jetting…

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