Nicholas Goh

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Warren Buffett’s firm just made the most money ever in a single quarter

Warren Buffett is a happy man. In the second quarter of this year, his firm, Berkshire Hathaway, made $6.4 billion in net profit, the most it has ever made in a three-month period. To put that in perspective, ExxonMobil made $8.8 billion and Apple made $7.7 billion in the same period—and they make …


When China stops copying Western tech giants is when they should start worrying

Why do some of China’s biggest tech companies engage in the sincerest form of flattery? This week Lei Jun, the chief executive of Xiaomi—recently rebranded internationally as Mi—stood on stage in a black T-shirt and jeans and announced a new smartphone with a notable resemblance to the iPhone in …


Koreans’ love of good coffee is getting even more intense

For a nation of historic tea drinkers, Koreans love their coffee. And they increasingly prefer the good stuff. The Korea Customs Service said 120,000 tons of coffee were imported into Korea in 2013, up 7% from the year before, making it the seventh-biggest importer in the world.<p>But the data also …


The world can’t seem to get enough German luxury cars

Mercedes-Benz just reported the best six months of sales in its history, with deliveries through June up 13%, to more than 783,000 units. Although sales in its German home market were flat over the period, buyers in the company’s other key markets turned up in droves:<p>What’s particularly clear is …


Councils 'wasting millions' ignoring government IT cloud

<b>UK county councils could be "wasting millions" on IT services they could buy more cheaply through the government's central digital marketplace, research suggests.</b><p>Special Report: The Technology of BusinessTech promises sustainable healthcareMobile brightening Africa's futureCan we 'green' our toxic …


Seattle votes for $15 minimum wage

<b>The Seattle city council has voted unanimously to raise the city's minimum wage to the highest level of any major US city - $15 (£9) per hour, twice the national minimum.</b><p>Wages would begin to rise next year, ultimately reaching $15 from Washington state's minimum of $9.32 over three to seven years, …

Barack Obama

'Genericide': Brands destroyed by their own success

<b>Turning a product into a household name is the stuff of corporate dreams. Isn't it?</b><p>Not necessarily.<p>Think Hoover, Jacuzzi, Frisbee.<p>When was the last time you "vacuum-cleanered" the front room, took a dip in a "whirlpool bath", or played in the park with your "flying disc"?<p>It may seem like a fairly …

Tiffany & Co