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Slim pickings

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Print edition | Business Feb 16th 2019 MEXICO CITY’S “historic” centre has been transformed from the romantic wreck it was in the late 1990s, when Schumpeter got married there. Some of its denizens are the same—out-of-tune organ grinders, peddlers of cow’s-brain tacos and the like. But many cobbled streets have since been pedestrianised and baroque […]

Business News

How to keep workers engaged, not vacant

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Print edition | Business Feb 14th 2019 HOW DO YOU rate this sentence? Please give a number between one and five where one is “I’ve stopped reading already” and five is “give this columnist a Pulitzer prize.” If this rings a bell, you are probably one of the millions of workers who have undertaken an […]

Business News

Amazon is not getting the welcome it expected from Queens

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Print edition | Business Feb 14th 2019| LONG ISLAND CITY, QUEENS “DELIVERING EVERYTHING under the sun and 25,000 new jobs”, bragged a glossy flyer from Amazon about its plans to build a second headquarters in Queens. The mailer, posted to many New Yorkers last month, urged recipients to ring their state lawmakers to tell them […]

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Carlos Ghosn’s car alliance is still in limbo

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Print edition | Business Feb 14th 2019 CARLOS GHOSN’s long sojourn at the top of the car industry ended suddenly when Japanese prosecutors boarded his plane in Tokyo last November to detain him on charges of financial misconduct. Dismissed soon afterwards as chairman of Nissan and Mitsubishi, he has since been replaced as chief executive […]

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Jaguar Land Rover is in a hole mostly of its own making

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Print edition | Business Feb 14th 2019 RANGE ROVERS, the pricey range-topping models from Jaguar Land Rover (JLR), flaunt interiors swagged in leather and wood. Such opulence distracts attention from the car’s capability as a rugged off-roader, as adept at driving up a mountainside as gliding around the smartest part of town. JLR’s ability to […]

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Jeff Bezos and the National Enquirer

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IT IS a story even a supermarket tabloid could not make up. The world’s richest man, Amazon boss Jeff Bezos, has accused David Pecker, who runs the National Enquirer and other tabloids, of trying to blackmail him over intimate photographs of Mr Bezos and his mistress. Mr Pecker is a close friend of President Donald […]

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UNIQLO’s founder plots a way to beat Zara and H&M

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Print edition | Business Feb 7th 2019| TOKYO WHEN ASKED what guides his vision of UNIQLO, Tadashi Yanai, its founder and chief executive, pulls off the shelf the 1987 autumn/winter collection catalogue of Next, a mass-market British retailer. All of the clothes are so classic, he says, that they could be worn today. While Inditex […]

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A new law decrees French supermarkets must get greedier

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Print edition | Business Feb 7th 2019| PARIS GIVEN THAT five supermarket chains control around 80% of all organised food retailing in France, the authorities there may seem justified in probing how competitive the market really is. Too competitive, apparently: on February 1st a new law forced retailers to raise prices of food staples lest […]