The Economist

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Spirit’s woes reveal the dismal state of America’s budget airlines

Budget airlines are rarely loved by passengers. Cutting costs to the bone and charging for every conceivable extra makes for cheap fares but often unpleasant journeys. Few will therefore have much sympathy...

How Chinese is Shein?

To which country does Shein belong? The online apparel giant, headquartered in Singapore, is expected to list its shares in London in the coming months. Earlier this year Donald Tang, its executive...

TSMC walks a geopolitical tightrope

TSMC is riding high. The Taiwanese chipmaker—sole supplier of artificial-intelligence (AI) chips to Nvidia, the world’s most valuable chip designer—has seen sales more than double since the start of 2020. While other...

Big oil may be softening its stance on climate-change regulation

A spectre hangs over Baku, the capital of Azerbaijan, where diplomats, scientists and activists are gathered for the UN’s annual climate-change summit. Last time he was in office Donald Trump, a fossil-fuel...

The magic and the minefield of confidence

Confidence is contagious. Someone declaring a position with ringing certainty is more likely to inspire than someone who hedges their bets. “We may fight them on the beaches; it depends a bit...

Is America’s last big industrial conglomerate about to break up?

Vimal Kapur, the boss of Honeywell, should have seen it coming. Industrial conglomerates like his have long been out of fashion. Between the beginning of June last year, when Mr Kapur took...

Nike and Adidas are losing their lead in running shoes

The origin of On, a Swiss sportswear brand, is unusual. In 2010 Olivier Bernhard, a triathlete, stuck bits of garden hose to the bottom of his trainers for added cushioning. The idea...

America Inc is hoping for a tax bonanza. It may be disappointed

Corporate America has at least one big thing to celebrate about the presidential election: it has erased the possibility of a rise in the country’s corporate-tax rate, as had been proposed by...

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