Category Archives: Business

Bill Granger, Chef Who Brought Avocado Toast to the World, Dies at 54

Mr. Granger had an early interest in food, bringing his parents a “silver service” of breakfast in bed from the age of 5 and working his way through magazine recipe cards, before turning his attention to the food writers Elizabeth David and Margaret Fulton. He feasted on Melbourne’s richly diverse cuisine, eating dim sum with […]

China’s Property Crisis Blew Up Investments That Couldn’t Lose

One of China’s largest investment firms, Citic Trust, had a clear pitch to investors when it was aiming to raise $1.7 billion to fund property development in 2020: There is no safer Chinese investment than real estate. The trust, the investment arm of the state-owned financial conglomerate Citic, called housing “China’s economic ballast” and “an […]

Tencent and Netease Rally on Signs China May Ease Gaming Proposal

The stock prices of Chinese video game companies rebounded Wednesday after investors seized on signals that the government was having second thoughts about proposed regulations on gaming. Since the weekend, regulators have tried to calm the market after shares of the two largest video game companies, Tencent and Netease, plunged on Friday. When trading resumed […]

Gaston Glock, Inventor of the Gun That Bears His Name, Dies at 94

Overcoming legal hurdles and benefiting from promotional campaigns, the Glock became a phenomenal seller, especially in the United States. It arrived in the mid-1980s, when crime rates were soaring and police officers felt outgunned. New models and calibers with extended clips were introduced. Two-thirds of America’s police forces, including New York City’s, adopted the Glock, […]