“WE ALMOST went out of business several times.” Usually founders don’t talk about their company’s near-death experiences.
Rite of passage IF SEVERAL hundred million Indians do migrate from the countryside to cities between now and 2050, as the UN expects, it will be a fiendishly busy few decades for Vivek Aher, who runs a low-cost hostel, one of five, on the outskirts of Pune, a well-off city three hours’ drive from Mumbai.
WILLIAM ELLIOT GRIFFIS, an American educator who travelled to Japan in the 1870s, noted that in the previous two and a half centuries, “the main business of this nation was play”.
Rejected suitor JORGE PAULO LEMANN (pictured), a Brazilian investor, is ill-accustomed to failure. On February 17th Kraft Heinz, backed by Mr Lemann’s 3G Capital, said it had bid $143bn for Unilever, a maker of food and personal products.
Atypical success IT MIGHT seem a great time for indie cinema. The Academy Awards on February 26th will be something of a showcase for films not financed by a major studio.
IS THE technology industry in La La Land? There are alarming signs. House prices in San Francisco have risen by 66% more than in New York over the past five years.
EUROPE will never create a hub of tech firms and investors to rival Silicon Valley, many experts on entrepreneurship concur.
Not watching Twitter FOR months Twitter, the micro-blogging service, has received the kind of free attention of which most companies can only dream.
AFTER sweeping past a significant milestone, drivers rarely slam their vehicles into reverse. Yet General Motors (GM), which last year joined Toyota and Volkswagen in an elite group that sells over 10m vehicles a year, may be on the brink of such a manoeuvre.
BUILT by the Indian Space Research Organisation, the Polar Satellite Launch Vehicle threw itself into the sky at 3.58am GMT on February 15th.
DONALD TRUMP calls it the “failing” New York Times in his tweets, but his presidency has breathed new life into the newspaper and other mainstream media outlets.
AS SCHOOLS across Europe break for February half-term, it is not just the Alpine pistes that are congested: private-jet terminals across the continent are also full to bursting.
MARKETS don’t simply emerge, but are created by the state, argued Karl Polanyi, an economist, in “The Great Transformation”.
THE high-pitched whirr of an electric car may not stir the soul like the bellow and growl of an internal combustion engine (ICE).
AS AMERICA’S economy has misfired over the past decade, several grand theories have emerged about what went wrong.
TO JUDGE by the gleaming rows of Teslas, Nissan Leafs and other electric cars parked in the snow in central Oslo, Norwegians might already have given up on the internal combustion engine.
Chandra in, Cyrus out PROFIT is to good corporate governance what tides are to swimming trunks: when the former is high, absence of the latter tends to go unnoticed.
NEW YORK’s fashion week, which will start on February 9th, promises the usual show of glamour, but a more fascinating industry display came a week earlier.
GOOGLE, Facebook and other online giants like to see their rapid rise as the product of their founders’ brilliance.
Better than mud THE creamy glide of fresh powder sends skiing enthusiasts into ecstasies. Scraping over brown patches and dodging lumpen rocks inspires far less enthusiasm.