Business

After the financial crisis buyout specialists bet on a resurgence in the global economy, but the old shipping families are still the ones making waves. 

A second-generation Jordanian firm becomes only the fourth drug-maker on the flagship London index. 

European family businesses are starting to protest more about higher tax burdens, and a Swiss report suggests that planned rises could severely damage firms. 

Increasingly policy makers don’t like the short-term ideas of Keynesian economics, but when it comes to the long term they need to learn from and promote family businesses.

The government’s change of tack has been painted as a victory for institutional shareholders, but it will also boost the country’s family firms. 

The rhetoric around family firms is that they are ethical, but research seems to say that they can be very dysfunctional, at least when it comes to outsiders. 

Peugeot is selling a team that it established in 1928, and a London-based family business goes into battle with Tottenham Hotspur. 

Korean Air’s Heather Cho gets a one-year sentence, Nat Rothschild injects $100m into Indonesian coal, the Bombardier family are sidelined, and Fosun wins Club Med.

The Wallenberg family ring the changes at Investor, the Koch brothers raise a billion for the 2016 elections, and a fish tycoon moves into English football. 

If you’re prepared to wait 200 years you just might just be able to gain membership to this group of the world’s elite family businesses.