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A reckoning has begun for corporate debt monsters

When investment bankers agreed in January to underwrite the leveraged buy-out of Citrix, a software company, by a group of private-equity firms, returns on safe assets like government bonds were piffling. Yield-hungry...

Is the warehouse business recession-proof?

With a straw hat, shades and a red chequered shirt, Randy Bekendam looks every inch the grizzled farmer—albeit in a Californian countercultural sort of way. The tomatoes, courgettes and King David apples...

How not to run a virtual town hall

So this channel is just for the speakers to communicate on? Good. Right, how many of our treasured colleagues are on the call? Looks like we have enough to begin. And the...

Germany’s government seizes Russian energy assets

After a hot and dry summer, the rain and chill in September brought some relief to parched Germans—but also a reminder of the looming winter. On September 16th Klaus Müller, boss of...

Porsche goes to market

The powerful rear-mounted engines of Porsche’s long line of 911 sports cars made them small and fast. In a corner, though, they acted like a pendulum, leaving some less skilful drivers parked...

Can Europe decarbonise its heavy industry?

Swedish steel is considered the world’s toughest. It may soon become its greenest. In Boden, a town near the Arctic Circle, a startup called h2 Green Steel (h2gs) is erecting a €4bn...

The $300bn Google-Meta advertising duopoly is under attack

For the past decade there were two more or less universally acknowledged truths about digital advertising. First, the rapidly growing industry was largely impervious to the business cycle. Second, it was dominated...

The rise of the borderless trustbuster

It was to be the biggest industrial merger ever. In late 2000 General Electric (ge), the world’s most valuable company at the time, agreed to pay $43bn for Honeywell, a smaller American...

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