On the day after Christmas, I was walking through Atlanta’s Hartsfield-Jackson International Airport when I caught sight of a slightly rumpled man waiting for a flight. He seemed familiar, the way figures in dreams do. It was, I thought, Stephen K. Bannon, who had been named chief strategist to Donald J. Trump after serving as his campaign’s chief executive. When the man put on a Barbour jacket, w
OULU, Finland — No one would confuse this frigid corner of northern Finland with Silicon Valley. Notched in low pine forests just 100 miles below the Arctic Circle, Oulu seems more likely to achieve dominance at herding reindeer than at nurturing technology start-ups. But this city has roots as a hub for wireless communications, and keen aspirations in innovation. It also has thousands of skilled
Golden Gate Avenue, in San Francisco, Sept. 7, 2016.Credit...Gabrielle Lurie for The New York Times San Francisco — AFTER more than 27 years abroad, mostly as a foreign correspondent in Asia covering civil unrest and poverty, I wander the streets of this city, my new home, like an enchanted tourist. The people who share sidewalks with me must wonder why I sometimes laugh out loud. The advertisemen
An investor uses his cellphone to check stock prices at a brokerage house in Chengdu, China, after a so-called circuit breaker measure halted trading on Thursday.Credit...Color China Photo, via Associated Press HONG KONG — When President Xi Jinping of China convened a group of top officials to discuss the economy last month, the highly publicized meeting was seen as a moment of triumph. A stock ma
The Times’s Charles Duhigg on the financial practices of Apple and a corporate culture that pushed for great innovation, in both products and tax strategies. WASHINGTON — Even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the United States and around the world through a web of subsidiaries so complex it spanned continents and went beyond anything
Braeburn Capital, an Apple subsidiary in Reno, Nev., manages and invests the company’s cash. Nevada has a corporate tax rate of zero, as opposed to the 8.84 percent levied in California, where Apple has its headquarters.Credit...David Calvert for The New York Times RENO, Nev. — Apple, the world’s most profitable technology company, doesn’t design iPhones here. It doesn’t run AppleCare customer ser
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