After a bruising year, SoftBank braces for more pain
Business

After a bruising year, SoftBank braces for more pain

May 16th 2022 (Updated May 17th 2022)A year ago, at the height of the pandemic boom in all things digital, Son Masayoshi embodied in the flesh the futuristic promise of global tech. The flamboyant founder of SoftBank Group, a telecoms-and-software firm turned tech-investment powerhouse, reported the highest ever annual profit for a Japanese company, driven by… […]

After 32 Years, McDonald’s Just Made Another Heartbreaking Announcement
Business

After 32 Years, McDonald’s Just Made Another Heartbreaking Announcement

Among all the minor side-effects of Russia’s invasion of Ukraine, the decision of McDonald’s to suspend its operations in Russia (sensible and inevitable as it was) truly stood out for its symbolism. Opening a single McDonald’s in Moscow during the Cold War took 14 years of back channel negotiations, dating to the Montreal Olympics in 1976. Then,… […]