Drive-through rulesHow to get hybrid shopping rightMore retailers are experimenting with socially distant collectionFROM DRIVE-IN cinemas to drive-through restaurants, Americans love doing things without getting out of their cars. During the covid-19 pandemic they have taken to shopping in a similar fashion, too. Kerbside pickup, where buyers’ vehicles pull up to...
All aflutterAre Galaxy Entertainment and MGM China a winning bet?Investors think so, the casinos’ heavy pandemic losses notwithstandingWHICH ECONOMY contracted most sharply last year? That dubious honour almost certainly belongs to Macau, a former Portuguese colony that is now part of China. On March 5th the autonomous region’s statistical agency is...
DAX vaxxersCompanies take charge of Germany’s vaccination driveA sluggish public vaccination campaign spurs Deutschland AG into actionGERMANS ARE used to being top of the class. Early in the pandemic, when Germany controlled its outbreak better than most of the West, they felt they were. In vaccinating citizens against covid-19, by contrast,...
BreadwinnersBimbo and Gruma want to sell more bread and tortillas abroadMexican food companies look north in search of fatter profitsPEOPLE HAVE to eat, so food firms the world over give reassuringly consistent profits, even in lean times. Mexico is no different. The country’s 126m people buy $55bn-worth of packaged food annually....
BartlebyHow companies should handle vaccinesBalancing the rights of stakeholdersTHE PANDEMIC is throwing up a new set of ethical issues for businesses. The premise of “stakeholder capitalism” is not just that firms should consider the interests of employees and customers, as well as shareholders. It is that, by doing so, everyone gains;...
Taper testWith growth on track, China starts to unwind stimulusIts exit will offer a partial preview for othersTHE PHRASE “first in, first out” has become shorthand for China’s experience of the covid-19 pandemic: it is both where the virus started spreading and the first large country to control it. Its early...
Accounts dueGreensill Capital’s woes will reverberate widelyThe supply-chain financier’s troubles highlight overlooked risks in the systemSUPPLIERS HATE being made to wait for the cash they are owed almost as much as their customers hate parting with it. What if high finance could help? Specialist firms have indeed sprung up, offering to...
The fragile fourWhich emerging markets are most exposed to a Treasury tantrum?Some countries may be victims of their own successTHERE ARE few greater honours than becoming finance minister of your country. But there are better and worse days to start the job. Chatib Basri became finance minister of Indonesia, the fourth-most-populous...
The price of fameWhat is a celebrity worth?How celebrities price themselves on Cameo“THE WRITER of this piece deserves a big raise,” says Bret “The Hitman” Hart, a professional wrestler from the 1990s. “He is the best there is, the best there was, the best there ever will be,” he adds, echoing...
ButtonwoodWhy people are worried about the bond-equity relationshipBuried in the quant argot is a fear of a return to 1970s-style inflationMOST PEOPLE have little time for quants. They find the language of quantitative finance far from illuminating. Even fairly numerate people struggle to grasp what comes easily to pointy-headed number-crunchers. Take...
Expansion, your honour!Can Chinese law firms take over the world?The jury is outHONG KONG’S Central district has long housed the offices of the world’s poshest law firms. Recently a few of them, such as Baker McKenzie, Bryan Cave Leighton Paisner, and Freshfields, have left for parts of the city with cheaper...
The inflation bogeymanGet ready for more bond-market scaresAnxieties about inflation, on which a constellation of asset prices depends, will persistTHE WEEK in financial markets has got off to a breezy start, belying the turmoil of last week. Shortly after the New York market opened on March 1st, the S&P 500 index...
SchumpeterMcKinsey suffers from collective self-delusionThe smuggest guys in the roomONE OF THE best explanations for the triumph of a “solution shop” like McKinsey was co-authored by the late Clayton Christensen of Harvard Business School in 2013. When hiring a management-consulting firm, he said, clients do not know what they are getting...
BartlebyWhen executives misspeakThe modern boss is a cheerleader, not a sergeant-majorMANY PEOPLE, including this columnist, complain that chief executives make bland statements that are full of corporate jargon. It becomes easy to understand why managers are addicted to waffle when a boss foolishly decides to give his employees a piece of...
Loss of SneadershipMcKinsey casts off its managing partnerIn an unusual rebuke, the consultancy’s partners have voted out Kevin SneaderON FEBRUARY 24th the Financial Times reported that 650 senior partners at McKinsey voted Kevin Sneader, the consultancy’s managing partner since 2018, out of office. The Scotsman’s predecessors typically served two consecutive terms....
Free exchangeThe prices of sports cards and odd collectibles are booming, tooFinancial markets are social things, now more than everTHE S&P 500 may be setting new highs, but to really take the measure of market exuberance look no further than Nyan Cat. The animated meme, encoded cryptographically into what is known...
Not having it allThe pandemic has pushed working mums out of the labour forceAmerican women have fared worse than those in other rich countriesLAST SPRING, when covid-19 first began to spread in America, employment sank like a stone. The number of 25- to 54-year-olds in work shrank by 13% between January...
Petrol problemsWhy the sacking of the head of Petrobras spooked marketsThe move suggests that liberal reforms are falling further down the agendaTHE PRESIDENT of Brazil, Jair Bolsonaro, likes to call his University of Chicago-educated economy minister, Paulo Guedes, his “Posto Ipiranga”, a chain of full-service petrol stations. The nickname charmed markets...
Cleaning upCan China’s new carbon market take off?A decade in the making, its emissions-trading system is now liveCHINA IS THE world’s biggest polluter. Its cars and factories release almost twice as many lung-harming carbon particles each year as in those in America. The country’s leadership has certainly been sending strong messages...
ButtonwoodWhy Cathie Wood is the fund manager of the momentHer hunt for the big business winners of the future holds mass appealCATHIE WOOD, founder of Ark Investment Management, provokes a variety of responses. The main one is envy. The firm has been wildly successful. Ark manages a suite of exchange-traded funds...

Latest News