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Universal Music is a hit

Investors rush to sample the streaming boomA ROCKSTAR’S WELCOME greeted Universal Music Group when it launched on Amsterdam’s Euronext exchange on September 21st in Europe’s largest listing of the year. Giddy investors all but threw their knickers at the newly public company, whose share price finished the day up by 36%, valuing the world’s biggest…

Ports are a mess but shipping company profits are at record highs

Ports are backlogged. Record numbers of ocean liners are waiting offshore for berths to unload their cargo. Shipping containers are nowhere to be found. Captains are rerouting their ships to avoid ports shut down by coronavirus outbreaks.And for many of the world’s largest shipping lines, profits have never been higher.The pandemic has been a double-edged…