And could prove devastating for Aeroflot and other Russian airlinesListen to this story. Enjoy more audio and podcasts on iOS or Android.Your browser does not support the element.Editor’s note: On March 14th Russia passed a law allowing carriers to re-register foreign leased jets as Russian. The move is intended “to ensure the uninterrupted functioning of…
RUSSIA IS KNOWN for its trapeze artists. Few have mastered the art as well as Vladimir Potanin, Russia’s richest businessman, a stocky 61-year-old with a fortune of about $23bn. Born into the Soviet nomenklatura, he survived the fall of communism and then played a role in designing Boris Yeltsin’s “loans for shares” scheme, through which…
Maximizing construction project profitability can be a straightforward process. Read this blog post for tips to get high-level profit margins on your next project.
The promise of staffing a team with diverse members is that the different perspectives, ideas, and opinions will result in greater performance. The reality is that diverse teams often underperform because people from dissimilar backgrounds often clash. A study of 62 drug-development teams suggests that the key to getting them to work better together and tap…
Russia’s invasion of Ukraine is adding to the woes of global supply chains. It is affecting industries ranging from semiconductors to cars to food. It almost certainly will accelerate the shift from global to regional sourcing that had already been underway due to the China-U.S. trade war and pandemic- and climate-related events. But given China’s…
Apple has performed a U-turn on customers’ right to fix its products after purchaseAPPLE’S PURPOSE has always been to empower the users of its wares. “People are inherently creative. They will use tools in ways the toolmakers never thought possible,” once opined Steve Jobs, the computer maker’s late co-founder. So it was always odd that…
Possibly. Just don’t tell ChinaMOST COMPANIES prefer to talk about corporate social responsibility than to act on such pronouncements. The Uyghur Forced Labour Prevention Act, which President Joe Biden signed into law on December 23rd, is leading many to do the opposite. American businesses may be happier to try to comply with it than to…
IN “THE COAL QUESTION”, written in 1865, William Stanley Jevons, a British economist, ascribed “miraculous powers” to the fuel source powering the Industrial Revolution. Coal, he wrote, stood entirely above all other commodities. Such were its superpowers, he fretted about the consequences for Britain if it ran out of the stuff. He needn’t have worried.…
Investors are paying hard currency for software real estate“RIDICULOUS AND cool.” That is the architectural brief for a new office tower under construction in the Crypto Valley, a business district of Decentraland, a virtual platform built on the Ethereum blockchain. The edifice—owned by Tokens.com, a blockchain investor—will be a cross between a nightclub in Ibiza…
Many businesses fail because they do not have a plan. A business plan is essential for any company, regardless of its size…