Relationships, says Mr Kwan, can comfortably be kept at arm's length.

ECONOMIST: Japanese companies abroad

It will be managed at arm's length from government on a commercial basis and, over time, I expect to see a return to the public purse on the investment.

BBC: Cardiff Airport is sold to the Welsh government for ?52m

What might happen, however, is that the globalisation of American multinationals will be conducted more at arm's length.

ECONOMIST: Can it ever again be business as usual?

While the Welsh government will own the airport, Mr Jones said it would be managed "at arm's length" and "on a commercial basis".

BBC: Cardiff Airport

Mr Horne's appointment as chief executive comes a week after First Minister Carwyn Jones said the airport would be managed "at arm's length" and "on a commercial basis" rather than being operated by the government.

BBC: Jon Horne returns as Cardiff Airport new chief executive

He is right: the state has no business to be running a commercial bookmaker, even at arm's length.

ECONOMIST: The Tote

It says Volvo will be run as an autonomous entity, headquartered in Sweden, at arm's length from Geely's manufacturing operations in China.

ECONOMIST: Geely closes in on Volvo: On a roll | The

Those critics who argue that Deutsche's dual role as lender and investor may create conflicts of interest should also be placated if, as promised, the stakes are managed at arm's length from the bank.

ECONOMIST: German banking��s industrial revolution

Zunited's sources won't touch these and we're keeping them at arm's length for now under the it's too-good-to-be-true heading.

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