Asked about the rise of private equity, Jason Zemmel, a partner at City law firm CMS, said: “I can’t see any reason why it’s not going to continue like this.” He said the combination of a “wall of money” built up by private equity funds keen to find investments and a […]
tumble
Japan’s overtime hours take biggest tumble amid virus outbreak
TOKYO — Overtime hours in Japan fell 7.4% in April, the largest monthly decline since January 2013, when comparable data was first collected. According to the monthly labor survey published on Friday by the Ministry of Health, Labor and Welfare, workers at establishments with five or more employees put in an […]
Amazon’s ad business a ‘mixed bag’ as Q1 sales soar, profits tumble
Dive Brief: Reporting on a period that came to be dominated by the COVID-19 pandemic, Amazon on Thursday reported that first quarter net sales, including its AWS cloud services, rose 26% to $75.5 billion, according to a company release. Amazon’s advertising and other revenue increased 44% during Q1 for a total of $3.9 billion. […]
Australia tightens foreign investment rules after market tumble
SYDNEY — Australia is adopting an increasingly defensive posture toward Chinese investment after years of embracing massive and steady streams of capital from its largest trading partner. The Australian government is now requiring that all proposed foreign investments are subject to scrutiny by the Foreign Investment Review Board, regardless of […]