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HSBC is banking on its customers’ apathy towards Hong Kong

HSBC is banking on its customers’ apathy towards Hong Kong

HSBC’s most recent TV ad campaign is a montage of lush, slow-motion footage of stalwart everyday #heroes stacking shelves, shouldering bags of grain and politely asking people to queue for shops. “We are not an island”, intones Sandi Toksvig over footage of a softly gleaming Britscape, “we are part of something far, far bigger”.The bank expressed a similar sentiment on WeChat, China’s ubiquitous social network, last night – except that this time, the place it considered to be “not an island” was Hong Kong, and the “something far, far bigger” was the criminal and security jurisdiction...

June 4, 2020
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CEOs are hugely expensive – why not automate them?

CEOs are hugely expensive – why not automate them?

Over the next two weeks, the boards of , , ,   and the all face the possibility of shareholder revolts over executive pay at their forthcoming annual general meetings (AGMs). As the AGM season begins, there is a particular focus on pay.Executive pay is often the most contentious item at an AGM, but this year is clearly exceptional. The people running companies that have been severely impacted by Covid-19 can’t be blamed for the devastation of their revenues by the pandemic, but they also can’t take credit for the government stimulus that has kept them afloat. Last week, for example,...

April 27, 2021
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Harvard’s top astronomer says our solar system may be teeming with alien technology

Harvard’s top astronomer says our solar system may be teeming with alien technology

If you could fly two billion miles in the direction of the Pegasus constellation, and knew where to look, you would find a thin, flat object, about the size of a football field and up to ten times more reflective than the average comet. If you watched it for a while, you would notice that it is tumbling as it moves away from the sun, turning end over end roughly every seven hours.This object passed the Earth in October 2017. As it began its return to interstellar space, the Canadian astronomer Robert Weryk identified it among the images from what was then the world’s most powerful camera, a...

January 23, 2021
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