German Unicorn, GE Break-Up, Robots, China Port In Sri Lanka – Things I Learned Today (Tuesday, June 26th, 2018)

Celonis – Process Data Mining Start-up – Joins Unicorn Club – FT

  • German data mining company is one of the very few European companies to join the Unicorn club.

GE Break-up Intensifies with Large-Scale Spin-offs – FT

  • GE (GE) to spinoff it’s oil and gas tie-up with Baker Hughes and its healthcare unit. It could trim 30% of its revenue and 25% of its total profits.

Robots or Job Training: Manufacturers Grapple With How to Improve Their Economic Fortunes, NY Times

  • Companies are struggling to find qualified employees to fill their open positions. Some are turning to the in-house training of high-school students to create a pipeline of new employees.
  • Others are turning to use more robots. Use of robots might, in a few years, lead to a productivity boost.

How China Got Sri Lanka to Cough Up a Port, NY Times

  • A fascinating story of how the Chinese government is dangling high-interest debt before smaller countries to build infrastructure and then take over land and infrastructure when the countries are unable to repay the loan.
  • The Chinese government has been funneling money to political players in countries like Sri Lanka and influencing them to support their position.
  • Read this! It’s a fascinating report by the New York Times.

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