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ByteDance, TikTok’s Chinese parent, reports a record profit

TikTok is becoming the West’s favourite time sink. Last month it said it had 150m users in America, putting it ahead of Instagram and within striking distance of Facebook, two social networks...

The tug-of-war between Glencore and Teck is mining’s dilemma in a nutshell

In FEBRUARY TECK RESOUrCES finally announced its slow move into the future. The Canadian miner plans to spin off its relatively dirty steelmaking-coal operations. Under the plan, Teck would focus on mining...

America’s $800bn climate splurge is feeding a new lobbying ecosystem

DAVID, WHO runs a well-trafficked shoe-shine stand at a huge convention centre just outside Washington, was in a good mood as he surveyed the delegates at a recent event there. They were...

What the world’s hottest MBA courses reveal about 21st-century business

STANFORD UNIVERSITY’S Graduate School of Business (GSB) exhorts its students to dream big. When one of its alumni in the class of 2006, Rishi Sunak, became Britain’s prime minister last year, the...

EY gets banned from new audit business in Germany

EY just can’t get a break. The accounting-and-consulting giant is being sued for $2.7bn by the administrators of NMC, a London-listed hospital operator it had audited and which went into administration after...

Toyota gets a new hand at the wheel

On April 1st, after nearly 14 years as boss of Toyota, Toyoda Akio handed the wheel to his successor. Sato Koji, formerly chief engineer of the Japanese carmaker’s premium brand, Lexus, has...

American railways and truckers are at a crossroads

In some ways, freight rail and trucking seem to be direct competitors. Companies that need to get a container of goods from one city to another can choose between them. Rail is...

How AI could disrupt video-gaming

Flinging brightly coloured objects around a screen at high speed is not what computers’ central processing units were designed for. So manufacturers of arcade machines invented the graphics-processing unit (gpu), a set...

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