Martin Jacomb

A very private enterprise

Private equity investment, backing venture capital and management buy-outs, has been around a long time. Private-equity takeovers of public companies listed on the stock exchange are a more recent development; and the number and size of such transactions has increased dramatically. Since some identified individuals have made enormous fortunes, inevitably there has been a bit of an outcry.

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Nigel Inkster

The Xi files: how China spies

From the magazine
Most states spy. In principle there’s nothing to stop them. But China’s demand for intelligence on the rest of the world goes far beyond anything western intelligence agencies would typically gather. It encompasses masses of commercial data and intellectual property and has been described by Keith Alexander, a former head of America’s National Security Agency,

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