Reuters (January 20)
“The end of a long battle to wring some value from Toshiba is finally within reach.” Foreign investors and private equity are unlikely to be encouraged. The process “typifies the tortuous journey required of pushy shareholders to get Japanese executives to allocate capital more shrewdly.”
Tags: Allocate, Battle, Capital, Encouraged, Executives, Foreign investors, Japan, Private equity, Pushy, Shareholders, Tortuous, Toshiba, Value
The Guardian (August 29)
“China has reached a point of no return in its battle to contain what could be the biggest property crash the world has ever seen, experts believe, creating a perilous moment for the country’s Communist leadership and the global economy.”
Tags: Battle, Biggest, China, Communist, Experts, Global economy, Leadership, No return, Perilous, Property crash, World
New York Times (June 26)
“The ouster of the chairman, Osamu Nagayama, 74, represents a major win in a battle between Toshiba and foreign investors who have pushed the conservative company to clean up its governance. It is also a breakthrough in a broader effort to increase investor oversight of Japanese corporations, following a series of government-led changes meant to make companies more transparent and accountable.”
Tags: Battle, Breakthrough, Chairman, Clean-up, Conservative, Foreign investors, Governance, Government, Japanese corporations, Nagayama, Ouster, Oversight, Toshiba, Transparent, Win
New York Times (February 20)
“The nation’s energy delivery system, not just in Texas but everywhere, needs a radical overhaul if it is to withstand future shocks and play the role that President Biden has assigned it in the battle against climate change.”
Foreign Policy (June 22)
“India has crossed two bleak landmarks in its battle against the coronavirus. The country has now reached over 400,000 infections, making it the fourth-worst-hit country in the world, overtaking Britain, Spain, and Italy. But it’s also lifted its 76-day lockdown.” In order “to stave off economic disaster,” the country is now “walking head-on into a pandemic at its peak.”
Tags: Battle, Bleak, Coronavirus, Disaster, India, Infections, Italy, Landmarks, Lockdown, Pandemic, Peak, Spain, UK
Bloomberg (April 13)
“OPEC+ group of countries, led by Saudi Arabia and Russia, finally agreed to a record cut in their oil production in response to the coronavirus-triggered collapse in demand. But the deal will come under pressure when the world becomes a more normal place again.” When demand returns, “the great battle for market share between the Americans, the Saudis and the Russians will probably restart.”
Tags: Battle, Collapse, Coronavirus, Demand, Market share, Oil production, OPEC, Pressure, Record, Russia, Saudi Arabia
Institutional Investor (May 4)
With an unexpected turn, the Icahn-Xerox battle has grown even uglier. “After surrendering their jobs to a ‘gloating’ Carl Icahn and Darwin Deason, Xerox’s leadership defies the activists and hangs on — for now.” Where the chips will ultimately fall is now highly uncertain.
Tags: Activists, Battle, Deason, Icahn, Leadership, Uncertain, Unexpected, Xerox
The Economist (April 22)
In the UK, everything “changes with the news of an election” this June. “With a proper mandate and some clout in Parliament, the prime minister would have the chance to shake off the ‘Theresa Maybe’ nickname that we gave her earlier this year.” Meanwhile, “businesses, lobby groups and, of course, private citizens have a chance to make the case for a soft Brexit both during the campaign and after it…. The battle over Brexit was fought last summer. The battle to define what form it should take is far from over.”
The Economist (August 2)
Israel is “winning the battle, losing the war. For all its military might, Israel faces a grim future unless it can secure peace” and it is slipping in the international court of public opinion.
