The COVID-19 pandemic turned the economy upside down, devastating some industries while it gave others a surprising boost. As the year drew to a close, the Times Colonist canvassed Victoria’s . . .
Saul Klein expects 2021 to be a year of recovery, but he hopes the world doesn’t just revert to the way things were. “My hope is that the experience of 2020 makes us all think more about our interconnectedness, that we recognize how we are impacted by the actions of others, whether we like it or not, and how we, in turn, have an impact on the lives of others,” said Klein. “I hope that we will see a growing sense of purpose in individuals and organizations as they are being called upon by customers, employees and shareholders alike to play a more positive role in society.
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Richard Nesbitt is an adjunct professor of finance at the University of Toronto’s Rotman School of Management. Michael King is an associate professor of finance and the Lansdowne Chair in Finance at the University of Victoria’s Gustavson School of Business. They are the authors of a new book,
, from Rotman-UTP Publishing.
On the weekend, news broke that Chinese regulators have ordered Ant Group, the world’s largest fintech company, to reorganize its business to comply with regulatory requirements faced by traditional financial intermediaries. This news follows the cancellation on Nov. 3 of Ant Group’s planned US$34.5-billion initial public offering in Shanghai and Hong Kong. Only two months ago,