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Who shaved $250bn from Kweichow Moutai’s market value?

THE ROLE of Kweichow Moutai in Chinese society is complex. The state-owned company’s fiery, translucent baijiu is by far China’s favourite booze. It is one of the country’s oldest brands—a rare corporate...

Is artificial intelligence making big tech too big?

When ChatGPT took everyone by storm in November 2022, it was OpenAI, the startup behind it, that seized the business world’s attention. But, as usual, big tech is back on the front...

Are manufacturing jobs really that good?

If there is one thing politicians agree on these days, it is that manufacturing jobs are “good” jobs. Joe Biden is betting that huge subsidies for new factories will transform the outlook...

Nvidia is now the world’s most valuable company

Chart: The EconomistOn June 18th Nvidia overtook Microsoft as the world’s most valuable company. Its market capitalisation of $3.3trn is more than 20 times what it was in January 2020. Investors are...

European airlines are on a shopping spree

Some corporate tie-ups delight investors. Others make them groan. The purchase of a 41% stake in ITA, Italy’s national airline, by Lufthansa, a German carrier, for €325m ($350m) is an example of...

Floating solar has a bright future

Drive a few hours from Lisbon towards Spain, past the olive farms, and you will arrive at Europe’s largest artificial lake, at the Portuguese town of Alqueva. The first thing that catches...

The cautionary tale of Huy Fong’s hot sauce

Sweet and spicy with a sour tinge, sriracha sauce was an instant hit when David Tran, a Vietnamese refugee, brought it to America in the 1980s under the brand Huy Fong Foods....

India’s electronics industry is surging

To witness India’s growing role as a manufacturing hub, dodge Bangalore’s notorious traffic and head north. Around 45km outside the city, amid the dust and debris of construction, Foxconn, a Taiwanese contract...

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