The Economist

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The mystery of the cover letter

Dear SIR/MADAM—You asked for a short cover letter to accompany my application to work in your sales department. I could spend time telling you that your company is the one place I...

Can IKEA disrupt the furniture business again?

There are worse ways to spend a lazy Saturday than to take a trip to one of IKEA’s giant furniture stores. Young children can be swiftly deposited at Småland, the supervised play...

Commercial ties between the Gulf and Asia are deepening

Oil has long lubricated the Gulf’s relationships abroad. That is especially so in Asia, which takes in almost three-quarters of its exports of oil and gas. Cheap energy from the Gulf has...

Repairing VW requires huge upheavals

“Costs, costs, costs” are what Oliver Blume, the boss of Volkswagen (vw), recently said the car giant must address most urgently. His diagnosis of vw’s longstanding problem is nothing new, but his approach...

Has Warren Buffett lost his touch?

Warren buffett’s birthday present arrived early this year. On August 28th, two days before America Inc’s favourite great grandpa turned 94, his bricks-to-motor-insurance conglomerate, Berkshire Hathaway, reached a market value of $1trn....

Clean energy’s next trillion-dollar business

Decarbonising the world’s electricity supply will take more than solar panels and wind turbines, which rely on sunshine and a steady breeze to generate power. Grid-scale storage offers a solution to this...

From Southwest to Spirit, budget airlines are in a tailspin

When Southwest Airlines launched in 1971, flying three Boeing 737 jets between Dallas, Houston and San Antonio, few imagined the impact its business model would have on the aviation industry in America...

How Abercrombie & Fitch got hot again

For many, 2023 was the year of the chip. Just ask anyone holding shares in Nvidia, whose stock rose by 246%. But it was also the year of the Sloane Pant. The...

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