How Tesla defined a new era for the global auto industry

Mabel R. Acton

Tesla’s rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.

Tesla’s ascent took many investors by surprise. But executives at Daimler AG, the parent company of Mercedes-Benz, had a close-up view starting in 2009 of how Tesla and its chief executive Elon Musk were taking a new approach to building vehicles that challenged the established system.

Daimler, which bears the name of the man who invented the modern car 134 years ago,

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Global prospects dim for China’s tech champions as great powers clash

Mabel R. Acton

SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities.

Zhang Yiming, founder of ByteDance, the operator of short video app TikTok, has plastered his Beijing headquarters with posters including a cover of former Google CEO Eric Schmidt’s book “How Google Works”, and has long said he will build a global firm that can compete with U.S. tech giants.  

But the two companies which best exemplify China’s ambitions to challenge U.S. tech dominance are now stymied by strains

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Steven Frumkin, Dean of FIT’s Jay and Patty Baker School of Business and Technology, Dies

Mabel R. Acton

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Steven Frumkin, dean of the Jay and Patty Baker School of Business and Technology at the Fashion Institute of Technology, died Thursday in Miami. The cause was COVID-19. 

“With Dean Frumkin’s passing, we have lost a most valuable member of our community,” said FIT’s president, Dr. Joyce F. Brown. “Through his leadership, he not only earned the trust, affection, and respect of faculty, staff, and students, but also shaped the future of his school.”

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Frumkin led the Baker School, FIT’s largest, for eight years since 2002. His appointment

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Ant Group – the $200bn technology titan you’ve never heard of

Mabel R. Acton
 Jack Ma, founder and CEO of the Alibaba Group - Jacques Brinon /Earns Alibaba
Jack Ma, founder and CEO of the Alibaba Group – Jacques Brinon /Earns Alibaba

He is known for his lavish parties and eccentric tastes. In the past Jack Ma, the 55 year-old billionaire founder of Chinese e-commerce giant Alibaba, has attended the group’s annual company festivals dressed up as a punk rocker or as Michael Jackson.

But the public float of his second company, Ant Group, could turn out to be his biggest extravaganza yet.

The forthcoming listing of the payments firm, which was announced on Monday, is expected to value it at $200bn (£158bn) – making it easily the

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