[Europe’s biggest conglomerate]Evaluating Joe Kaeser’s reign at the German industrial giantJOE KAESER cuts an unusual figure among the taciturn bosses of Deutschland AG. The wiry 62-year-old is bursting with energy. He unabashedly tweets (in both English and German) about his concern over the rise of the hard-right in Germany—and, more atypically...
[Planet Inc]Climate issue: Most still do not own up to their vulnerabilitiesLIKE ALL human enterprise, business is threatened by climate change. And, as with humanity as a whole, these risks may not become catastrophic for the corporate world for decades. But some corporate citizens will be vulnerable sooner—if they are not...
[The not-so-dirty dozen]Climate issue: Many expect serious returnsBETS ON CLEAN technologies have ballooned this decade. Over $2.6trn has flowed into low-carbon energy alone since 2010, according to BloombergNEF, a research firm (see chart 1). Now that some ventures have soured, after green subsidies grew stingier around the world, many investors are...
[Bartleby]Office design that treats workers like dronesTHE HERO of “The Prisoner”, a cult British TV show, wakes up one day in a mysterious village. His possessions have vanished and he is not referred to by his real name but as “number six”. His every attempt at escape is frustrated and each...
[In the vinguard]Fine wine from an industrial heartlandSEA BREEZES, blue skies and sun-soaked vines: springing to the reader’s mind may not be the northern Chinese province of Shandong, an industrial heartland of shipbuilders and oil refineries. Yet it pumps out two-fifths of China’s wine, too. Yes, much of it is state-produced...
[To hell and back]He will need to fix the banking system, loosen fiscal policy and cut red tapeTHE AIRPORT at Hellinikon, a few miles south of Athens, closed in 2001. Planes belonging to Greece’s now-defunct national carrier still litter the runway. Nearby a stadium built for the Olympics in 2004 gently...
[Too dicey]Regulators increasingly think crypto-derivatives are unsuitable for retail investorsON SEPTEMBER 24TH the price of a single bitcoin, the best-known cryptocurrency, fell by $1,000 in 30 minutes. No one knows why, and few people cared. There have been similar drops nearly every month since May. Yet for one obscure corner of...
[Lots of No-Nos]Yes Bank has become an example of all that ails the country’s banking systemBUSINESS DAYS now begin in India with a scan of the headlines and then a click to check on the shares of Yes Bank, the country’s fourth-largest private bank. They peaked at 394 rupees ($5.64) in...
[FATCA chance?]A European resident seeks to use data-privacy laws to stop the transfer of financial dataWHEN THE Foreign Account Tax Compliance Act (FATCA) was passed by America’s Congress in 2010, it was overshadowed by the jobs bill into which it had been shoehorned as a revenue-raising provision. But of the two,...
[Don’t stop me now]Songs are getting snappier, with shorter intros and earlier choruses“WHERE THE streets have no name”, the first song on U2’s blockbuster 1987 album, “Joshua Tree”, begins with 40 seconds of ambient noise. A guitar arpeggio enters and accelerates into the driving rhythm of the drums and bass that...
[Mixed brew]But its impact on the giant Apple case is unclearMARGRETHE VESTAGER, the steely Dane who forged her global reputation by waging war on Silicon Valley tech firms and corporate tax dodgers, was offered a rare second term as the European Commission’s competition tsar earlier this month. However part of her...
[Enthusiasm curbed]The battle for leisure time makes for gripping viewingIF CRITICAL ACCOLADES were the sole measure of well-being, Netflix and HBO would be in great shape. At the 71st annual Emmy Awards, held on September 22nd, the two accounted for four of the eight nominees for Outstanding Drama series, and three...
[WeWorry]Probably notEARLIER THIS month WeWork delayed its initial public offering (IPO) after it became clear that the co-working firm would fetch as little as one-fifth of its latest private valuation of $47bn. Prospective investors began to question its poor governance, lack of transparency, reckless expansion and lack of economies of scale....
[Future of the workplace]Three new offices in London capture how the workplace is being reshapedFOR CENTURIES businesses have settled inside the old walls of the City of London. Its geography is the same. But inside the Square Mile’s temples of commerce the changes have been profound. At the start of the...
[Tale risk]Once a narrative takes hold, it can drive marketsEVERYONE KNOWS, or thinks they know, the story of the Wall Street shoeshine boy. In 1929 Joseph Kennedy, patriarch of the Boston-Irish political clan, had an epiphany while his shoes were being cleaned. When the boy who shined his shoes offered him...
[Bitfinessed]Investors allege that Tether deliberately inflated a mega-bubbleLAUNCHED AS REALCOIN in July 2014, Tether aimed to become a more reliable alternative to Bitcoin, the best-known cryptocurrency. With a $4.1bn market capitalisation, it is now the fifth-largest virtual currency. But its efforts to gain investors’ trust have fallen short. On October 6th...
[Creditworthy]Instalment loans are the new credit cardsJUST UNDER $1.1trn of revolving consumer debt—bills racked up on credit cards—was outstanding in America at the end of August. It is a dangerous type of debt. High interest rates and low minimum repayments mean balances can quickly balloon. But a group of fintech firms...

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