2020-01-20 Bloomberg Businessweek Asia Edition

74 Pages·2020·20.64 MB·English

RUTHLESS

Nobody makes
money like Apollo’s
Leon Black 38

January 20, 2020

● The sad state of global macro 20
● Europe’s Brexit blues 8
● After a trade deal, the hard part 25

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January 20, 2020

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FEATURES
38
NobodyMakesMoneyLikeLeonBlack
One way or another, the fearsome Apollo Global founder always wins

46
Fast-FashionFlameout
The singular practices and spectacular collapse of Forever 21

52
InsideCarlosGhosn’sEscapetoBeirut
An elite extraction team spent months planning how to spring the former CEO

◀ Ghosn at his press
conference in Beirut
on Jan. 8

◼ IN BRIEF
6
Putin 4ever? ● A record year for JPMorgan Chase
◼ AGENDA
7
The world heads to Davos ● Netflix’s earnings

◼ REMARKS
8
The EU is going to miss the U.K.

1

BUSINESS
12
A tenuous future for the Renault-Nissan alliance

14
Fears of the Big C slow the rollout of 5G in Europe

2

TECHNOLOGY
16
Microsoft’s millions haven’t eased Seattle’s housing crisis

18
A swarm of investors descends on biopesticide startups

3

FINANCE
20
After a decade of micro returns, a few macro funds rebound

21
Australia hopes competition will improve big banks’ behavior

23
Two Americans demand their day in a Mexican court

ECONOMICS
25
Making a trade deal with China is easier than enforcing it

27
China’s citizens are freer to move about the country

29
▼ The Netherlands risks losing its lead in weed

POLITICS
30
A shaky economy could loosen Modi’s grip in India

31
Krakow takes to the sky to fight air pollution

SOLUTIONS/
34
All the climate talk in Davos can be more than hot air
DAVOS
37
Pushing leaders to move beyond good intentions

◼ PURSUITS
59
It takes lots of greenbacks to run a backyard greenhouse

62
Stylish riffs on the old-fashioned watering can

64
Audi’s RS 6 Avant, the grocery-getting supercar

66
The humble wristband is no easy task for watchmakers

67
Put a spring in your winter step with ultralight snowshoes

◼ LAST THING
68
No nightmare before Christmas for FedEx and UPS

4

◼ CONTENTS
Bloomberg Businessweek
January 20, 2020

Cover:
Photograph by
Michael Avedon
for Bloomberg
Businessweek

POT: COURTESY PASCAL VAN OERS/PROJECT C

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