The Economist

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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...

Palmer Luckey and Anduril want to shake up armsmaking

Palmer Luckey owns six helicopters. He would like a seventh: a Chinook, the workhorse of Western armed forces. When your guest Schumpeter, meeting Mr Luckey in London, suggests that the British Army...

China’s giant solar industry is in turmoil

In a factory in a smoggy corner of China’s inland Shaanxi province, the country’s world-leading solar industry is on display. Robots scoot around carrying square slices of polysilicon, a crystalline substance usually...

A price war breaks out among China’s AI-model builders

PRICE WARS are ten a penny in China. The emergence of hundreds of lookalike companies seemingly overnight is pushing down retail prices of everything from electric vehicles to bike-sharing and bubble tea....

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