Since Ferrari was floated it tried to convince investors it should be valued as a luxury business. Latest results show it is now firmly in that investment camp.
From the times of the pharaohs, the Nile has been a source of life and wealth to millions. With populations soaring along its 6,700-kilometre length, it is increasingly a source of tension. A coup in Sudan raises the odds that disagreements, particularly over Ethiopia’s.
António Horta-Osório is expelling ghosts at Credit Suisse. The Swiss bank’s new chair has settled a Mozambican scandal for $475 million, while a spying saga that toppled previous Chief Executive Tidjane Thiam’s job has also been laid to rest. But the demons of collapsed.