Aug 11, 2015

The world in brief, August 12th 2015 | Espresso

Google unexpectedly restructured itself. Its boss, Larry Page, announced the creation of a parent company called Alphabet, of which a “slimmed down” Google will be just one subsidiary, with Sundar Pichai as its new chief executive. Mr Page becomes chief executive of Alphabet; his co-founder, Sergey Brin, is president. Their aim is “getting more ambitious things done”. , China's central bank...

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