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EXPLOREMY LIBRARY
Bloomberg Businessweek-Asia Edition

Bloomberg Businessweek-Asia Edition 8/13/2018

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

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Country:
China
Language:
English
Publisher:
Bloomberg Finance LP
Frequency:
Weekly
₹593.96
₹2,100
50 Issues

in this issue

2 min
in brief

● China said it would match U.S. tariffs on $16 billion in Chinese goods scheduled to take effect on Aug. 23, bringing the total value of duties on each side to $50b ● PepsiCo CEO Indra Nooyi said she would step down in October. In her 12-year tenure, Nooyi doubled the company’s market cap and increased annual revenue 81 percent. Her replacement is Ramon Laguarta, a 22-year Pepsi veteran. ● Samsung detailed a plan to invest $161 billion in artificial intelligence, biopharmaceuticals, and memory chips, among other things, as it tries to maintain momentum after a record annual profit. Almost three-quarters of the money will be spent in its home country of South Korea. ● “I don’t think this case is as complex as it could be made to be.” U.S. District Judge T.S. Ellis…

2 min
protecting the midterms

Some 13 weeks till Election Day, and U.S. officials are worried about foreign countries meddling in the midterms just as Russia did in 2016. And with good cause: There’s every reason to think more attacks are imminent, and election security hasn’t been a notable priority for this administration (page 43). What’s the proper response? Precaution, npot panic. In particular, three problems need attention. One is that the nuts and bolts of the electoral machinery remain vulnerable. Americans vote at some 100,000 polling places spread out across more than 8,000 voting districts. Each state oversees elections in its own way, and each piece of the system—registration rolls, back-office computers, even voting machines—is a potential target. Making matters worse, many states rely on outdated equipment or software; a report last year found 41 states…

1 min
agenda

▶ Time’s Nearly Up for a Brexit Deal U.K. and EU negotiators meet again on Aug. 16 and 17 to hash out Britain’s exit from the European bloc before Prime Minister Theresa May’s self-imposed October deadline. Members of her government have offered conflicting assessments of the likelihood of reaching an agreement. ▶ Argentina’s ex-president, Cristina Fernández de Kirchner, will testify about bribes allegedly paid to her and her late husband, President Néstor Kirchner. ▶ The deadline to file for candidacy in Brazil’s October presidential election is Aug. 15. Campaigning officially starts the following day. ▶ Chinese tech giant Tencent reports earnings for the second quarter on Aug. 15. The company has lost more than $150 billion in market value since January. ▶ As of Aug. 15, MoviePass subscribers, who formerly could see one film…

7 min
is apple really your privacy hero?

Apple Inc. has positioned itself as the champion of privacy. Even as Facebook Inc. and Google track our moves around the internet for advertisers’ benefit, Apple has trumpeted its noble decision to avoid that business model. When Facebook became embroiled in a scandal over data leaked by an app developer, Apple Chief Executive Officer Tim Cook said he wouldn’t ever be in such a situation. He framed Apple’s stance as a moral one. Privacy is a human right, he said. “We never move off of our values,” he told NPR in June. The campaign is working, as evidenced by media reports depicting Apple as hero to Facebook’s villain. But that marketing coup masks an underlying problem: The world’s most valuable company—its market value crossed the $1 trillion mark on Aug. 2—has…

6 min
private? or... private?

Not long ago, a brash entrepreneur whose once-beloved consumer brand had fallen on hard times announced a plan to take his company private. Completing the transaction—the purchase of Dell Inc. for $25 billion by Michael Dell and Silver Lake Management LLC—required countless meetings with special committees, activist shareholders, investment banks, management consultants, and at least four law firms. There were competing offers to consider, and a lawsuit from Carl Icahn to contend with. It took Dell six months just to announce the deal and another nine to close it in 2013. On Aug. 7, Elon Musk, the chief executive officer of Tesla Inc., appeared to pull off the same trick with a single tweet: “Am considering taking Tesla private at $420. Funding Secured.” A buyout of Tesla at that price—almost 25…

1 min
a look at tesla’s potential sugar daddies

① APPLE The world’s most valuable company has long been floated as a possible acquirerand with more than $240 billion in cash, it could finance several Tesla buyouts. But cars have much lower margins than iPhones and iPads. ② ALPHABET In 2014, CEO Larry Page mused that he’d rather give his fortune to his good friend Elon Musk than to a traditional philanthropic cause. On the other hand, Page already owns a futuristic car company, Waymo. ③ PRIVATE EQUITY Traditional buyout firms such as Kohlberg Kravis Roberts and Blackstone Group would be natural candidates to finance a megadeal. But they’ve historically preferred companies with lots of positive cash flow to support added debt payments—and big dividends. ④ MASAYOSHI SON The billionaire chairman of Japan’s SoftBank has the biggest checkbook in Silicon Valley through his $100 billion Vision…