The week started with the news that Kim Jong Un has built a massive missile that can carryseveral North Korean nuclear weapons to America. Xi Jinping visited Shenzhen, laying out a vision forChina to take the lead in Hong Kong’s global tech and youthmove to mainland China, unlike its harder line in Taiwan.
Then, the agency behind K-pop’s BTS, Big Hit Entertainment, debuted in Seoul, earning millions more for the chilly-cheeked stars of the world-famous boyband. And good news for if you’re hungry to travel to Hong Kong or Singapore: the two have agreed on a travel bubble.
Below we see what’s hot this winter, learn how to solve the “winner’s curse” has landedtwo economists received the Nobel Prize and meet a dropout turned entrepreneur with a very unique management approach. Hong Kong bankers are losing out to their counterparts in mainland China, and New Zealand voters may say no to legalizing marijuana. For those who are hungry: can we suggest some sky-high take-out at one of the world’s best restaurants, or Chef Yotam Ottolenghi’s new take on an old favorite. –Adrian kennedy
The voice of the cloud
Masatoshi Kumagai was a high school dropout, and he now chairs 102 companies as the king of cloud computing in Japan. He runs his empire with a private credo he calls OGM. “It’s like a religion,” Kumagai says. “The heads of every business are the priests. And in this example, I’m assuming I’m Jesus Christ.
Hong Kong has long been the hotbed for deals with China, but locals now hold only 30% of investment banking jobs in the city – half the proportion held by mainland Chinese bankers. Veterans say Chinese securities companies are unwilling to hire or promote Hong Kong people following last year’s anti-government protests.
The feeling of elation after winning an auction is often followed by a depressing feeling of overpaid. Robert Wilson and Paul Milgrom found a way to avoid theso-called winner’s curse and won the Nobel Prize in economics for it. Their theories helped the United States raise more than $ 120 billion by selling wireless frequencies andwere widely praised.
The global economy is in the doldrums, so energy demand will be low, right? Not enough. The millions of people who still work from home will need to warm up in the northern hemisphere this winter even as many offices remain open, creating a “double heat” effect.
New Zealandstocks have reached record highs and real estate is booming, investors applauded with a likely clear victory for Prime Minister Jacinda Ardern in Saturday’s election. A referendum on euthanasia should pass,but a vote on legalizing cannabis is on the cutting edge. If Ardern is re-elected, a priority will be cleaning up the country’s heavily polluted rivers and lakes, making themsuitable for swimming for the first time in a generation.
When the legendary British Royal Enfield closed in the 1970s, its Indian unit continued to manufacture retro-style motorcycles. Last year, the company sold 650,000 of its fully modernized bikes in India alone, a volume equivalent to the entire US market. Sales are on the rise in Brazil and Indonesia, and CEO Siddhartha Lai has America and Europe in his sights.
Paying $ 275 for a chicken you have to cook on your own may not seem like a good deal. But the Eleven Madison Park NYC on-the-go DIY pack Is also include premium entrees and desserts, and provides 10 meals to those in need for each one. If you fancy something simpler, check out Yotam Ottolenghi’s version on cacio e pepe, one of themany vegetable-based recipes in his new cookbook.
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