Author Archive: Economist

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Are strikes making a big dent in Ryanair’s profits?

Are strikes making a big dent in Ryanair’s profits?

ALL should be rosy at Europe’s largest low-cost airline. Ryanair’s passenger numbers are growing and costs per seat-kilometre flown are—just about—lower than its competitors’. But investors have been sent into a flap by its announcement on July 23rd that its profits in the first quarter fell 20% year-on-year, which sent its share price down nearly […]

July 24, 2018 | By | Reply More
In China, a rare public spat between officials as debt pressures build

In China, a rare public spat between officials as debt pressures build

LIKE other countries, China has bureaucratic infighting. But it does better than most at keeping tussles hidden from outside view, especially under Xi Jinping, a president who brooks no dissent. So it has been highly unusual to see a spat between the central bank and finance ministry spill into the open. It reveals cracks in […]

July 24, 2018 | By | Reply More
The Nord Stream 2 pipeline will strengthen Russia’s hand

The Nord Stream 2 pipeline will strengthen Russia’s hand

THE Nord Stream 2 (NS2) natural-gas pipeline from Russia to Germany has long been dogged by controversy. But despite several years of transatlantic and intra-European feuding over the €9.5bn ($11bn) project, it is looking increasingly likely to go ahead. Offshore dredging to lay the pipes has already started near Greifswald in north-eastern Germany. Within just […]

July 24, 2018 | By | Reply More
As inequality grows, so does the political influence of the rich

As inequality grows, so does the political influence of the rich

SQUEEZING the top 1% ought to be the most natural thing in the world for politicians seeking to please the masses. Yet, with few exceptions, today’s populist insurgents are more concerned with immigration and sovereignty than with the top rate of income tax. This disconnect may be more than an oddity. It may be a […]

July 24, 2018 | By | Reply More
What Venezuelan savers can teach everyone else

What Venezuelan savers can teach everyone else

ASK the chief investment officer of a fund-management firm how to spread your investments and you will be told to put so much in stocks, so much in bonds and something in hedge funds or private equity. Chances are that white-elephant buildings, eggs and long-life milk will not feature. But in Venezuela, where the inflation […]

July 24, 2018 | By | Reply More
The case for treating disabled travellers better

The case for treating disabled travellers better

TRAVELLING for work can be expensive, uncomfortable and unpleasant, even for those without a mobility issue. But spare a thought for people who do, many of whom get appalling service from train firms and airlines around the world. The latest case to have hit the headlines is that of Tanyalee Davis, a Canadian living in […]

July 24, 2018 | By | Reply More
Mario Draghi’s replacement is already being discussed

Mario Draghi’s replacement is already being discussed

A LOT rests on the shoulders of the euro zone’s top central banker. The president of the European Central Bank (ECB) is not just in charge of ensuring monetary and financial stability in one of the world’s largest economies. In the absence of a single European fiscal authority, it also falls to the ECB to […]

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How bosses should respond to the sound of the clock ticking

How bosses should respond to the sound of the clock ticking

TIME is one of the most disputed and confusing subjects in business. Schumpeter is writing this column after attending a conference which began with experts describing a new era of exponential technological change. It ended with a guru who had studied 70,000 years of history and who confidently discussed humanity’s fate over the 21st century […]

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Vanadium is the latest beneficiary of the battery craze

Vanadium is the latest beneficiary of the battery craze

OPEN a toolbox, pull out a spanner and you may be holding a bit of the answer to global warming: vanadium, a metal named after Vanadis, the Scandinavian goddess of beauty. Used mostly in alloys to strengthen steel, its appearance may not live up to the romance of its name. Yet vanadium could become a […]

July 24, 2018 | By | Reply More
Netflix suffers a big wobble

Netflix suffers a big wobble

EVEN the most celebrated firms have their hiccups. On July 16th Netflix, an online-streaming giant, presented disappointing news to investors: it had added just 5.2m new subscribers in the second quarter of 2018, well below its projected number of 6.2m. Shares plunged by 14%; they have since recovered some ground. This most recent bout of […]

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