Author Archive: Economist

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Xiaomi eyes a giant Chinese IPO

Xiaomi eyes a giant Chinese IPO

IN CHINA no company achieved $1bn in annual revenue as quickly as Xiaomi did, in the year following the launch of its first smartphone in 2011. Chinese media initially nicknamed Xiaomi the “Apple of the East” (its literal translation is “little rice”). That was a stretch, even in good times. But within another two years […]

May 10, 2018 | By | Reply More
Americans, tired of high-priced drugs, are fighting back

Americans, tired of high-priced drugs, are fighting back

IF ONE concern unites Americans, it is the high prices of prescription drugs. One incident in particular tarnished much of the pharma industry: in 2015 the price of an antiparasitic drug, Daraprim, jumped from $13.50 to $750 per pill. But large price increases remain stubbornly commonplace (see chart). According to IQVIA, a health-data firm, the […]

May 10, 2018 | By | Reply More
The latest video-game fad shows off a DIY ethic

The latest video-game fad shows off a DIY ethic

TWENTY years ago schoolyard fads revolved around clothes and music. Now they are as likely to involve video games. The latest must-have is “Fortnite Battle Royale”, a lighthearted multiplayer shooter in which up to 100 players parachute onto a continually shrinking playing field, hunt each other down and compete to be the last one standing. […]

May 10, 2018 | By | Reply More
American shale-oil producers are on a roll

American shale-oil producers are on a roll

JUST over a year ago Harold Hamm, billionaire boss of Continental Resources, one of the biggest shale-oil producers in America, issued a stern warning to his fellow frackers. Drill with restraint or we will “kill the market”, he said. This month the 72-year-old Mr Hamm, son of an Oklahoma cotton sharecropper who went on to […]

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How Flixbus conquered the European coach market

How Flixbus conquered the European coach market

MANY Europeans see long-distance coach travel across America as glamorous. That may be a legacy of a Clark Gable film from 1934 called “It Happened One Night”, about a romance between two passengers on a bus travelling from Florida to New York. Modern Americans see it as anything but alluring. It is looked down on as something […]

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Lessons to a columnist’s previous self

Lessons to a columnist’s previous self

IN A British television show, “Doctor Who”, the titular character is able to travel anywhere in time and space in his Tardis police box. Given access to that technology, what useful message would this columnist impart to his previous self, nearly 12 years and 550 columns ago? The first lesson would be to avoid confusing […]

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Europe must agree a common position to avoid Donald Trump’s tariffs

Europe must agree a common position to avoid Donald Trump’s tariffs

DIPLOMATS are racking up the air miles, but the prospect of trade war has not receded. Negotiations between American and Chinese representatives in Beijing ended on May 4th without agreement. Indeed, the two sides’ starting positions are so different that a mutually agreeable deal is hard to imagine. Talks will resume next week when Liu […]

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A Canadian startup applies machine-learning to corporate bond issuance

A Canadian startup applies machine-learning to corporate bond issuance

WITH the exception of a few governments big enough to run their own auctions, anyone wishing to issue bonds must seek bankers’ help. A hefty fee will buy assistance in calibrating the size, structure and timing of a bond issue, as well as connections to lots of buyers. And once a bank has agreed to […]

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The world’s biggest Muslim country wants to boost sharia finance

The world’s biggest Muslim country wants to boost sharia finance

THE Indonesia Stock Exchange greeted its latest listing on May 9th: that of BRIsyariah, the Islamic arm of state-controlled Bank Rakyat Indonesia, the country’s biggest bank by assets. The initial public offering (IPO) of 27% of BRIsyariah’s equity raised around 1.3trn rupiah ($92m). Islam outlaws the payment of interest, the basis of conventional banking. Yet […]

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Internship

Internship

The Economist invites applications for the 2018 Marjorie Deane internship. Paid for by the Marjorie Deane Financial Journalism Foundation, the award is designed to provide work experience for a promising journalist or would-be journalist, who will spend three months at The Economist writing about finance and economics. Applicants are asked to write a covering letter […]

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