Business And Finance

Do millennials save?

IN RECENT days there have been a few articles bemoaning the woeful finances of Britain’s millennials. For instance, this piece in the Financial Times talks about why millennials (supposedly) go on holiday instead of saving for a pension. Then this article, called “Generation spent”, makes a similar sort of argument. As the FT article puts it, “the concept of saving seems ...

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Legislation to make flying in America more comfortable has failed

LAST autumn, FlyersRights.org, a non-profit organisation representing air travellers, drafted a petition to the American Congress demanding new guidelines for the minimum distance between rows in planes. Tens of thousands of stiff-limbed flyers quickly signed their names to the entreaty. It worked, at least initially. Steve Cohen, a Democratic congressman from Tennessee, introduced an amendment to a Federal Aviation Administration ...

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Laser pens and planes: A pointed problem

LASER pointers can be handy. Backyard astronomers use them to point out constellations on the vault of the heavens; management consultants to highlight their wisdom on a whiteboard. They are less popular with pilots. On Sunday a Virgin Atlantic flight, “six or seven miles” into its journey from Heathrow to New York, was forced to turn back after one of ...

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Sharp elbows

IT IS surely a promising sign for Terry Gou, the boss of Foxconn, that Japan’s largest business newspaper, the Nikkei, is reporting unflatteringly on his efforts to buy Sharp, a near-bankrupt electronics firm. At first the Innovation Network Corporation of Japan (INCJ), a government-backed fund, had seemed certain to snap up the company, and the Nikkei said little. But now ...

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Scientists may have at last found a way to beat jet lag

JUST over a century ago, Rudyard Kipling wrote that the advent of the aeroplane would herald a time “when the most extreme distances will be brought within the compass of one week’s—one hundred and sixty-eight hours’—travel”. Technology has brought us quite a bit further than that. Designers are now suggesting planes that could fly business passengers from New York to ...

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Getting more ambitious

Caution: reimagining under way THERE is a through-the-looking-glass quality to the blue-lit tunnel that leads into the headquarters of Klarna, a Swedish online-payments firm. And there is something back-to-front about the company itself. It is a startup firm that grew up in Europe, and is now seeking to expand into America—the reverse of the usual pattern. Unlike most tech unicorns ...

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A select group

  When Cisco was crowned as the world’s biggest company by market value in April 2000, its boss hoped it would go on to become the first firm worth over $1 trillion. But its reign was to prove short-lived: deposed by Microsoft two days later, it never regained top spot. It is now in 53rd place. Cisco may be a ...

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Trade in the balance

THE past two decades have left working-class voters in many countries leery of globalisation. Donald Trump, the billionaire television star who promises to slap a 45% tariff on Chinese goods if elected president of America, has partly based his candidacy on this angst. Economists tend to scoff at such brash protectionism; they argue, rightly, that trade does far more good ...

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