The Carlos Ghosn case is putting Japan’s system of ‘hostage justice’ under scrutiny

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Tokyo (CNN Business)In the blink of an eye, Carlos Ghosn’s jet-setting world fell apart. His experience has brought heightened international attention to the way people suspected of crimes are treated in Japan. “That system of hostage justice, I think, does not bear scrutiny,” said Jeff Kingston, director of Asian studies at Temple University’s Japan campus. […]

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The top 26 billionaires own $1.4 trillion as much as 3.8 billion other people

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(CNN Business)The world’s billionaires are growing $2.5 billion richer every day, while the poorest half of the global population is seeing its net worth dwindle. Most of these mega-wealthy are American, according to the Forbes list of billionaires used by Oxfam. The names include Amazon’s Jeff Bezos, Microsoft’s Bill Gates, Berkshire Hathaway’s Warren Buffett and […]

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Advil meet Excedrin: Pfizer and GSK are merging their consumer healthcare businesses

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Hong Kong (CNN Business)GlaxoSmithKline and Pfizer are combining their consumer healthcare businesses in a multibillion-dollar merger. After the tie-up, GSK said it plans to split in two by spinning off the new consumer healthcare business and listing it in London within three years. GSK’s remaining operations will be focused on making prescription medicines and vaccines. […]

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The Chinese digital economy can’t be slowed down. Heres a look at how and why.

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Image: Photo by Wolfram K from Pexels Anyone who regularly reads business news will recognize the Chinese companies consistently making headlines: Alibaba, Baidu, Tencent, and Xiaomi. These companies have established a major role in the global economy. Today, they dominate everything from e-commerce to the Chinese entertainment industry. One of the reasons these organizations have […]

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FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

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“When we think of the potential behind the business … there are a few businesses in the world for whom membership is a no brainer.  FabFitFun expands its video reach with a new experiment in live programming The company’s reach spans demographics and geography, according to co-chief executives (and brothers) Daniel and Michael Broukhim, with […]

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Elon Musk says ‘Teslaquila’ is ‘coming soon’ as Tesla files trademark

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Billionaire tweets visual approximation of bottle as company applies to use the name for tequila branded after the electric cars Elon Musk is hitting the bottle well, probably. Tesla has trademarked Teslaquila, a tequila branded after his electric car company. The product started as an April Fools joke when Musk claimed Tesla was going bankrupt […]

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Cannabis capitalism: who is making money in the marijuana industry?

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Marginalized groups that championed legalization struggle to compete with corporate refugees jumping on the bandwagon Two hours north of San Francisco, in Mendocino county, orderly roadside vineyards give way to the rugged forests and misty coast of the Emerald Triangle, Americas most celebrated marijuana growing region. In June, more than 300 cannabis industry insiders gathered […]

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Asshole Client Bullies This Artist To Make A Halloween Costume For His Son Without Paying For His Time

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This parent, in a post shared by Imgur user Ashontez, is clearly feeling the pressure. Or perhaps he is just an asshole. Either way, the post clearly highlights the kinds of situations that people who work for commission regularly find themselves in, overworked and underappreciated by customers who expect personalized, custom made work done for […]

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Whole Foods v vegans: Berkeley store gets restraining order against activists

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The order is the latest in a tense standoff with an animal rights group that has staged protests at the store for several years For a full week, a big black banner was posted from a sidewalk in Berkeley, California. OCCUPY WHOLE FOODS, it declared in large, white block letters. But the protesters who created […]

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