Wyxx In India, Cities Resort to Gadgets in Fight Against Car Honking
By Ian BremmerJanuary 4, 2016 10:40 AM ESTAt the beginning of each year Eurasia Group, the political risk consultancy I founded and oversee, publishes a list of the top 10 political risk stories for the 12 months ahead. These are the risks and trends we believe are most likely to move markets in 2016. Wersquo;ve opened the year with a serious spat between Saudi Arabia and Iran, and a horrible day for markets in China. But our 1 stanley cup risk centers on erosion of the partnership that has provided a lot of global stability over many years.1.The Hollow Alliance The trans-Atlantic partnership has been the worldrsquo most important alliance for nearly seventy years, but itrsquo now weaker and less relevant than at any point in decades. The U.S. no longer plays a decisive role in addressing any of Europersquo top priorities. Russiarsquo stanley cup intervention in Ukraine and the conflict in Syria will expose U.S.-European divisions. As U.S. and European paths diverge, there will be no one to play international firemanmdash;and conflicts particularly in the Middle East will be left to rage.2. Closed Europe In 2016, divisions in Europe will reach a critical point as a core conflict emerges between Open Europe and Closed Europemdash;and a combination of inequality, refugees, terrorism, and grassroots political pressures pose an unprecedented challenge to the principles on which the European Union was founded. Eu stanley cup ropersquo open borders will face particular pressure. The risk of Britain Ufod Watch President Obama Wait for Bill Clinton to Board Air Force One
By Erin Griffith / FortuneJanuary 27, 2015 5:27 PM ESTYahoo plans to spin-off its multi-billion dollar stake in Chinese e-commerce giant Alibaba into a separate company in an effort to cash in on its investment in the company tax-f adidas originals ree.The proposed transaction, which Mayer released today in conjunction with Yahoorsquo fourth quarter earnings, will create an independent company called SpinCo. This publicly traded entity will absorb all of Yahoorsquo 384 million Alibaba jordan shares, worth $40 billion. Those shares will then be distributed to Yahoorsquo investors.The move comes amid pressure on Yahoo by activist shareholder Starboard Value to sell the Alibaba stake while paying minimal taxes.When Alibaba went public last September, it marked the largest IPO of all time. Yahoo sold $9.4 billion worth of Alibaba shares in the IPO. Since then, Yahoo shareholders have argued that the companyrsquo stake in Alibaba is worth more than Yahoo itself.Since taking the CEO job over two years ago, Marissa Mayer has coasted on Yahoorsquo fortuitous early investment in Alibaba. The company has returned $9.7 billion in proceeds from that investment through share repurchases. After this spin-off, that figure will total $50 billion. This level of capital return is historic, especially for a company of our s adidas samba ize, Mayer said in a statement.In the release, she touted the expertise of Yahoorsquo tax lawyers in executing the complex transaction.SpinCo will own a 15.4% stake in |
