Capital Calls: Tesla merges into slower lane 3 Jan 2023 Concise views on global finance: The $370 bln company led by Elon Musk is better than rivals at making electric cars, but signs of a demand shortfall – including fourth-quarter deliveries that fell short of expectations – threaten ambitious growth plans.
Sky spinoff is Comcast’s least-bad option 3 Jan 2023 The U.S. cable giant spent $40 bln on Rupert Murdoch’s European pay-TV provider in 2018. Now consumers are under duress and it’s probably worth less than half that sum. Though boss Brian Roberts is a reluctant seller, listing Sky will shortcut challenges on the horizon.
Fed battle has workers taking hit for greedflation 3 Jan 2023 The U.S. central bank has repeatedly warned that cooling inflation will bring "some pain" to workers. Employees already suffered as prices surged and profit climbed during the pandemic. A less aggressive fight against rising prices would give workers some much-needed support.
Disney’s next 100 years hinges on a metaverse 3 Jan 2023 A century ago, the media giant crafted theme parks that withstood decades of changing technology. It isn’t a huge leap from a real Disneyland to a virtual one that melds brands and streaming. Innovation is necessary, but for it, boss Bob Iger’s days need to be numbered.
Being ready for anything is top priority for 2023 3 Jan 2023 After the global pandemic and the outbreak of war in Europe, the world faces a vast array of possibilities this year. Little wonder that executives, policymakers and financiers are planning for many scenarios. Though the choices remain difficult, there’s value in thinking ahead.
Singapore withstands a global property downturn 3 Jan 2023 The Lion City’s housing prices are up 14% in a year, compared to declines in Hong Kong and other major cities. A pandemic-induced construction shortfall and increasing foreign demand are factors. Rising interest rates will cool, but not halt, Singapore’s real estate boom.
Foxconn reinvents itself, and EV supply chains 3 Jan 2023 The Taiwanese giant plans to make electric vehicles, and the chips and batteries that go into them, for global automakers. That’s a twist on its business of churning out iPhones for Apple in China. As far as strategic pivots go, this one is ambitious and much needed.