AsiaChinese corporations now dominate the Fortune Global 500 list of biggest companies by revenue— but they are far less profitable than their U.S. rivals
Chinese companies reported an average profit of $4.1 billion versus $10.1 billion for U.S. firms and $5.8 billion for European firms.
August 18, 2022
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Topics
Asia
Chinese corporations now dominate the Fortune Global 500 list of biggest companies by revenue— but they are far less profitable than their U.S. rivals
Singapore could overtake Australia and Hong Kong to become Asia’s millionaire capital in less than a decade
Why Japan is desperately trying to get young people to drink more alcohol
Environment
The world could be ‘sleepwalking’ into a ‘nuclear war,’ WHO chief warns regarding Russian-occupied Ukrainian power plant
Climate change is forcing real estate developers to retrofit buildings for energy efficiency. How one company with 485 properties is tackling the challenge
Biden signs Inflation Reduction Act into law, calling it the ‘final piece’ of his domestic agenda
Europe
Finland’s millennial prime minister forced to defend dancing video amid calls for her to take a drug test by coalition partner
Inflation is so bad in the U.K. pet owners are turning to food banks to feed their furry companions
The world could be ‘sleepwalking’ into a ‘nuclear war,’ WHO chief warns regarding Russian-occupied Ukrainian power plant
Finance
Ryan Cohen pockets $68 million profit on Bed Bath & Beyond trade
Ryan Cohen drives a 27% drop in Bed Bath & Beyond shares by selling his entire stake
Singapore could overtake Australia and Hong Kong to become Asia’s millionaire capital in less than a decade
Health
Monkeypox breakthrough infections are real. ‘This vaccine will not be a silver bullet,’ WHO officials say
This rare bipartisan agreement on over-the-counter hearing aids sounds like progress
A COVID diagnosis could increase the risk of ‘brain fog,’ dementia, and other cognitive disorders for as long as 2 years, new Oxford study says
Leadership
LeBron James just became the GOAT basketball player—in all-time earnings. But he’s actually still in Michael Jordan’s shadow
Finland’s millennial prime minister forced to defend dancing video amid calls for her to take a drug test by coalition partner
Companies are offering new benefits to address burnout and mental wellness
The Ledger
Web3 design is a mess—but Web2 could fix it says Jump Crypto president
Mark Zuckerberg’s ‘$10 billion selfie’ is an international laughingstock
The “Crypto Bowl” feels like a distinct memory as firms slash ad budgets, big players spent just $36K on TV in July
Lifestyle
How to watch Week Three of the NFL preseason live online for free—and without cable
Mariah Carey wants to trademark ‘Queen of Christmas,’ but she’s got a lot of competition
Big Ten signs historic TV deal for college football and basketball, raking in $1 billion a year
Personal Finance
Homebuyers are suddenly backing out of purchase agreements at a rate unseen since 2020, but for a totally different reason
The jobs most enjoyed across generations: From Gen Zers to Boomers
Top economist Jeffrey Sachs predicts inflation will stay high and the Fed will keep raising rates. The Fed seems to agree
Politics
Elon Musk complains about his $11 billion tax bill at a Republican donor event, tells GOP to stay out of people’s sex lives
Google isn’t going far enough in it its work to protect user data on abortion, employee union says
The ‘Big Short’ Michael Burry now only owns this one stock: Meet the company that profits the more people are put behind bars
Retail
Starbucks has to rehire 7 workers it fired for trying to unionize, federal judge rules
Bed Bath & Beyond shares crater as stock begins trading after Ryan Cohen announcement
This rare bipartisan agreement on over-the-counter hearing aids sounds like progress
Success
Bosses giving up the return-to-office fight have found another way to win: Tracking their remote workers’ every move
LeBron James just became the GOAT basketball player—in all-time earnings. But he’s actually still in Michael Jordan’s shadow
Finland’s millennial prime minister forced to defend dancing video amid calls for her to take a drug test by coalition partner