Stories by Felix Salmon

CEOs' allergy to geopolitics

Illustration of an open briefcase with a globe inside.
Illustration: Sarah Grillo/Axios

If CEOs are the new politicians, many of them don't seem to have thought carefully about foreign policy — particularly about working with autocratic regimes.

Why it matters: Corporate America continues to do business with the Saudi crown prince, Mohammad bin Salman, who allegedly oversaw the beheading of journalist Jamal Khashoggi, and to court business in places like China and Turkey.

Billionaire Ken Fisher's surprising client list

In this illustration, a businessman holds a long scroll list
Illustration: Sarah Grillo/Axios

Public markets can feel simultaneously old-fashioned and incomprehensibly ultra-sophisticated when compared with the private-market world of pitches and storytelling.

The big picture: Inhuman algobots make billions trading on millisecond time horizons, while trillions of dollars are invested on the basis of archaic sales pitches.

Alipay provides foreigners tool to navigate an increasingly cashless China

A map showing the flow of the subject.
Screenshot via @Alipay/Twitter

China has rapidly become one of the most cashless countries in the world. That's a big problem for foreigners who don't have a Chinese bank account, because outside the major tourist hubs few merchants accept credit cards.

The big picture: Two private payments systems dominate the Chinese market: Alipay and WeChat. But until now, you had to have a Chinese bank account in order to be able to use either of them.