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Nicholas Gordon

Nicholas Gordon

Fortune

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Japan may have escaped deflation only to risk stagflation instead, as the country's economy slumps for 3 straight quarters

Japan's economy shrank by an annualized rate of 2% in the first quarter of 2024, as a weak yen and inflation drag down spending.

16.05.2024 30

Fortune

Nicholas Gordon

Overcapacity is a ‘fake concept’, says the international head of a major Chinese carmaker: ‘They don’t know what is happening in my house’

Chinese EV makers are pushing back against the idea that their success in making affordable cars is due to state help.

14.05.2024 50

Fortune

Nicholas Gordon

Beijing narrowly escapes having to cover the debts of developer Country Garden

Last week, Country Garden revealed that it had missed an interest payment on onshore bonds guaranteed by a state-owned financial firm.

13.05.2024 10

Fortune

Nicholas Gordon

A Chinese tech firm's PR chief apologizes after her social media posts demanding workers be available '24 hours a day' sparks outrage

Baidu's head of PR recently took to Chinese social media to tell workers not to complain about long business trips and to be available "24 hours a...

09.05.2024 20

Fortune

Nicholas Gordon

BYD reiterates that it has no plans to sell in the ‘very protective’ U.S.—but hopes that things might get ‘back to normal’ after the election

BYD Americas CEO Stella Li said the U.S. EV market was in a "confusing stage," citing policy uncertainty and slowing consumer adoption.

08.05.2024 50

Fortune

Nicholas Gordon

Australia’s prime minister calls Elon Musk an ‘arrogant billionaire’ after the X owner accuses the country's government of censorship

Australia's social media watchdog is asking X to block content regarding a violent attack in Sydney last week for all users globally.

23.04.2024 10

Fortune

Nicholas Gordon

Beijing wants to make it easier for Chinese companies to list in Hong Kong

On Friday, China's top markets regulator announced several measures to more tightly connect Hong Kong's and mainland China's stock exchanges.

22.04.2024 20

Fortune

Nicholas Gordon

Apple CEO Tim Cook says ‘we’re investing’ in Indonesia fresh off his pledge to spend more on Vietnam suppliers, continuing his Southeast Asia charm offensive

After Vietnam, Cook then flew further south to Indonesia—and said Wednesday that he’s ready to “look at” the country’s manufacturing sector.

17.04.2024 10

Fortune

Nicholas Gordon

Apple loses its spot as the world's top seller of smartphones after tough China competition from brands like Xiaomi and Huawei

Korea’s Samsung sold the most phones in Q1 2024, according to research firm IDC, as Apple loses market share to Chinese competitors.

15.04.2024 30

Fortune

Nicholas Gordon

Huawei continues its comeback from U.S. sanctions, unveiling a new laptop with a homegrown OS and AI—and an Intel processor

Huawei is pushing its way back into China’s tech sector with an array of homegrown, high-end products.

12.04.2024 10

Fortune

Nicholas Gordon

Alibaba shares jump after founder Jack Ma says the company is successfully fixing the 'diseases of a big company'

Ma is being more vocal about Alibaba's direction as the Chinese tech giant struggles to implement its ambitious restructuring plans.

10.04.2024 10

Fortune

Nicholas Gordon

The CEO behind the world’s #2 TV brand thinks the U.S. is driving deglobalization, thanks to Biden's tech controls on China

"We are really talking about deglobalization of technologies, represented by the U.S.,” TCL founder Dongsheng Li said Wednesday.

01.04.2024 20

Fortune

Nicholas Gordon

Larry Summers, a 'friend of China,' warns Beijing that its actions are making it hard for people like him to push for stronger ties

Summers compared the U.S. and China to “two guys who don’t like each other much" stuck in the same lifeboat "a long way from shore."

29.03.2024 90

Fortune

Nicholas Gordon

Worsening tensions between China and the U.S. will make Hong Kong and its ‘unique status’ even more important, says the city’s top financial official

“We are different from the rest of China, in terms of our way of doing things in business," Chan said on Wednesday at the Fortune Innovation Forum.

27.03.2024 9

Fortune

Nicholas Gordon

Paytm once had India's largest IPO. Now a central bank crackdown could kill its business: 'A risk that the political system couldn’t take'

As India's markets boom, regulators are targeting the country's shadow banks. Paytm, once Indian startup royalty, is getting the brunt of it.

10.03.2024 10

Fortune

Nicholas Gordon

Akira Toriyama's death is being felt around the world as global leaders and millions of fans remember one of Japan's most influential icons

“I wanted to make manga like yours! I wanted to be like you!” Masashi Kishimoto, author of the Naruto series, said of Toriyama on Friday. 

08.03.2024 10

Fortune

Nicholas Gordon

Why Japan's stock market is breaking 35-year records even as its economy falls into recession: Welcome to the investing world of 'not that bad'

The stock market is not the economy—just look at what's happening in Japan. 

24.02.2024 40

Fortune

Nicholas Gordon

Huawei shrugs off U.S. sanctions to take top place in China’s smartphone market—but its new AI chips might be an even bigger achievement

Huawei is staging a comeback as investments in domestic manufacturing of smartphone and AI chips appear to pay off.

06.02.2024 10

Fortune

Nicholas Gordon

Lionel Messi no-show in Hong Kong costs organizers $1.9M in government grants

The furore around Inter Miami's decision to bench its biggest stars is the latest blow to Hong Kong's drive to repair its post-COVID image.

05.02.2024 20

Fortune

Nicholas Gordon

India speaks over 100 languages. Microsoft wants AI to bridge its linguistic gaps

AI doesn't work very well with more obscure languages. Microsoft's researchers are trying to change that.

28.01.2024 20

Fortune

Nicholas Gordon

Beijing is asking banks not to ‘blindly withdraw loans’ to China’s troubled real estate developers as Evergrande faces critical liquidation hearing

The looming liquidation hearing over indebted developer Evergrande could undo confidence again.

26.01.2024 30

Fortune

Nicholas Gordon

Nippon Steel appeals to ‘an alliance that advances shared values’ between the U.S. and Japan as it tries to sell its $14.1 billion deal for U.S. Steel

Nippon Steel's president promised not to shift U.S. jobs overseas as he defends his play for U.S. Steel from Congressional blowback.

23.01.2024 20

Fortune

Nicholas Gordon

Alaska Airlines’s faulty Boeing door plug was made in Malaysia—and that’s complicating investigations into why it ripped off mid-flight

“We have no indication right now of where in the process this occurred,” said NTSB chair Jennifer Homendy.

18.01.2024 7

Fortune

Nicholas Gordon

China set to overtake Japan as world's top auto exporter

And Chinese car exports are set to grow from here, predicts UBS.

10.01.2024 7

Fortune

Nicholas Gordon

China’s carmakers need to design electric cars twice as fast as established companies if they want to survive the country's cutthroat EV market

Established car companies may take five years to develop a new model. Chinese EV companies need to do that in half the time.

13.12.2023 10

Fortune

Nicholas Gordon

The UAE's leading AI CEO addresses bombshell New York Times report alleging China ties, says he didn't finish reading the story

"It’s correct that we all need to pay attention to the proper development of AI, and ultimately what we use AI for," G42's Peng Xiao said at...

29.11.2023 100

Fortune

Nicholas Gordon

Ray Dalio thinks tech investors will have to choose between the U.S. and China

The Bridgewater founder said the U.S. and China were "on the brink of war" last March, but there's now been an important "stepping back" of tensions.

29.11.2023 10

Fortune

Nicholas Gordon

The CEO behind nearly 10,000 KFCs in China explains the country’s consumption slump: A 'psychological' consequence of COVID-zero

“We can understand why people became rather cautious and rational with their spending,” Yum China CEO Joey Wat said at the Fortune Global Forum in...

29.11.2023 20

Fortune

Nicholas Gordon

The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global...

28.11.2023 10

Fortune

Nicholas Gordon

Japan's new tallest skyscraper is also fat

Tokyo's Azabudai Hills, which formally opens Nov. 24, combines office, residential, hotel, and green spaces.

23.11.2023 10

Fortune

Nicholas Gordon

Sam Altman returns as OpenAI CEO, adds Larry Summers to new board

The ChatGPT developer will have a new board, after its former directors agreed to unceremoniously fire Sam Altman as CEO.

22.11.2023 10

Fortune

Nicholas Gordon

IKEA focuses on the little things when localizing products to new markets—like mattress stiffness

“The adaptations we do…[are] normally on the functional side, not so much on the style side,” Ingka Group CEO Jesper Brodin says.

16.11.2023 20

Fortune

Nicholas Gordon

Architect of Shanghai's most expensive district wants to end cities' '50 Shades of Grey'

Architect Ben Wood is credited with showing Chinese developers the value of preserving historic styles.

10.11.2023 7

Fortune

Nicholas Gordon

Can design save the world? A 'Burning Man'-like alliance is giving it a shot

The "Design For Good" alliance is tackling societal problems, like access to clean water.

30.10.2023 3

Fortune

Nicholas Gordon

Warren Buffett-backed BYD is just over 3,000 cars away from overtaking Tesla as the world’s biggest seller of EV cars

BYD already beats Tesla when it comes to total sales. Now it's closing the gap on purely battery-powered cars as well.

03.10.2023 5

Fortune

Nicholas Gordon

Evergrande spirals even further after halting its shares and admitting its billionaire chairman is detained due to 'suspicion of illegal crimes'

Evergrande's shares only resumed trading a month ago—and have lost 80% of their value since then.

29.09.2023 10

Fortune

Nicholas Gordon

Chinese social media censored a top economist for his bearish predictions. He now warns that China's property crisis will take a decade to fix

Hong, now chief economist for a Shanghai-based hedge fund, thinks China would be lucky if the real estate sector halves in size.

26.09.2023 4

Fortune

Nicholas Gordon

AOC is 'looking into trading in' the Tesla she's had for years because of the UAW strike. It shows the Biden/EV dilemma

Alexandria Ocasio-Cortez wants a union-made EV, but the UAW strike and the Biden EV push can't disguise the fact that those aren't plentiful.

25.09.2023 10

Fortune

Nicholas Gordon

Workers shouldn't accept lower wages so ‘greedy people like Elon Musk can build more rocket ships,' says UAW president Shawn Fain

Ford on Thursday said its labor costs are already 'significantly higher' than those of companies like Tesla and Toyota.

18.09.2023 90

Fortune

Nicholas Gordon

Youngest-ever Havard Law grad paid more than Tim Cook unexpectedly quits

Kiwi Camara's salary, at $110 million, made him one of just nine CEOs to be paid more than Apple's Tim Cook, who was paid just $99 million.

15.09.2023 10

Fortune

Nicholas Gordon

Real estate tycoon wants to ‘kill’ the attitude where ‘employees feel the employer is extremely lucky to have them’ 

Tim Gurner's comments have caught the attention of commentators around the world, including U.S. Rep. Alexandria Ocasio-Cortez.

13.09.2023 10

Fortune

Nicholas Gordon

JPMorgan CEO Jamie Dimon thinks the risk-reward calculus on China is just 'okay'

A sluggish economic recovery and new regulations are making life difficult for the Wall Street bank.

12.09.2023 8

Fortune

Nicholas Gordon

Tim Cook said Apple had a 'symbiotic' relationship with China. Now Beijing's reported iPhone ban may mean the good feelings are over.

Apple lost $200 billion in value following reports that Beijing may limit iPhone use in government departments and state-owned enterprises.

08.09.2023 4

Fortune

Nicholas Gordon

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