The spoils from American corporate tax reform are unevenly spread

“IT’S always a lot of fun when you win,” President Donald Trump enthused after his tax package was approved by Congress in December. Company bosses nodded along. The centrepiece of the reform is a drastic cut to the corporate-tax rate, from 35% to 21%, taking it below the rich-country average. Although its impact is partly offset by some revenue-raising More...

by PunditX | Published 20 hours ago
By PunditX On Friday, February 23rd, 2018
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One of Russia’s most successful private entrepreneurs sells–to the state

IN THE Russian business community Sergei Galitsky served as a rare example of a self-made billionaire who rose with relatively little state help and outside the natural-resources trade. He built his retail company, More...

By PunditX On Friday, February 23rd, 2018
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Snap, chatter and pop goes the share price

KYLIE Jenner, a model best known for being the, er, second most famous Kylie in the world, managed to cause a stir on Wall Street. With this idiosyncratic tweet sooo does anyone else not open Snapchat any more? More...

By PunditX On Friday, February 23rd, 2018
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Chinese cities are competing to woo overseas entrepreneurs

WHEN Maria Veikhman, founder of SCORISTA, a Russian credit-scoring startup, was considering expansion abroad, China immediately came to mind. She believes the scope there is vast, for two-fifths of Chinese have More...

By PunditX On Thursday, February 22nd, 2018
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A pharmaceutical firm bets big on a cancer drug

WHEN Ken Frazier, chief executive of Merck, an American pharmaceutical giant, started his job in 2011, he had a hard decision to make. The firm had promising new drugs—such as Januvia, for diabetes, and Gardasil, More...

By PunditX On Thursday, February 22nd, 2018
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Europe’s flourishing gunmakers

IT WAS a blunder by Heckler & Koch, a big German gunmaker. On February 15th the firm apologised for a “mistake” after its American subsidiary posted a Valentine’s image showing a handgun surrounded by More...

By PunditX On Wednesday, February 21st, 2018
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Why low returns are inevitable

WHEN the stockmarket is close to a record high, the chances are that recent returns will have been very strong. The terrible tendency among investors is to assume that those returns will continue. But the higher More...

By PunditX On Tuesday, February 20th, 2018
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Latvia’s top banking official has been accused of taking a bribe

ILMARS RIMSEVICS, governor of Latvia’s central bank for the past 17 years, had been due to retire next year. Instead, he is facing calls to resign. On February 17th he was detained by Latvia’s anti-corruption More...

By PunditX On Tuesday, February 20th, 2018
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Snags in travel plans leave customers on edge

Transat spokeswoman Debbie Cabana said the couple had bought a bilingual tour. The company told them this was the case beforehand. “That said, we do expect the tour guides to communicate in both languages to More...

By PunditX On Friday, February 16th, 2018
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The world’s largest-ever tech deal now depends on Qualcomm

VALENTINE’S DAY might seem like a good time to discuss a proposal. But whether it brought luck to Broadcom’s attempt to woo its rival chipmaker, Qualcomm, is still unclear. As The Economist went to press, a More...