Business News

African companies are expanding across the continent

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TWENTY YEARS ago Patrick Bitature, a Ugandan tycoon, took his mobile-phone business to Nigeria. At first the cash was piling up so fast that it would not fit in the safe. But he found the business culture more cut-throat and less trusting than back home. Money started going missing. Eventually he retreated to the east […]

Technology News

Armoire is angling to become the every day Rent the Runway

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When Armoire first emerged from MIT’s accelerator program back in 2016, the company’s vision was already fully formed — combine StitchFix and Rent the Runway to give women a low-cost, sustainable way to get a high-fashion, high-functioning wardrobe for every day. Ambika Singh, the Seattle-based company’s chief executive set out to solve two problems, the […]

Business News

Boeing’s boss wins a reprieve, not redemption

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The Tory leadership raceThe Boris bubble that threatens Britain’s Conservatives Accusing the absentInvestigators indict the suspected killers of 298 people on flight MH17 China’s chanceTo restore calm in Hong Kong, try democracy This post was originally posted at https://www.economist.com/business/2019/06/22/boeings-boss-wins-a-reprieve-not-redemption.

Business News

The Western world’s auction-house duopoly is now in private hands

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FOR THE 0.1%, building a legacy long involved amassing million-dollar artworks and bankrolling those who create them. Today billionaires also buy auction houses where such pieces are sold—especially if said billionaires are French. François Pinault of Kering, a luxury-goods group, bought Christie��s in 1998. Bernard Arnault of LVMH, a rival, owned Phillips for a bit […]