An inglorious return to Austin for Uber and Lyft

An inglorious return to Austin for Uber and Lyft

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An inglorious return to Austin for Uber and Lyft
UBER and Lyft will make their triumphant return to Austin on Monday. Whether the Texas capital will welcome them back is another matter. The ride-hailing giants left in a huff a year ago, after Austinites had the temerity to vote in favour of maintaining the city’s requirement that the firms perform fingerprint checks on their […]
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El Al can no longer ask women to move seats on religious grounds

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El Al can no longer ask women to move seats on religious grounds
ONE of the more unsavoury airline practices has now been outlawed. In 2015 flight attendants on El Al, Israel’s national carrier, asked Renee Rabinowitz, an 81-year-old holocaust survivor, to move seats after she boarded her flight in New Jersey. An ultra-orthodox Jewish male passenger had objected to having to sit next to her. Haredim, it […]
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Amazon’s big, fresh deal with Whole Foods

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Amazon’s big, fresh deal with Whole Foods
JEFF BEZOS does not like sitting still. In his annual letter to Amazon’s shareholders this year, he warned of “stasis. Followed by irrelevance. Followed by excruciating, painful decline. Followed by death.” Competitors are toiling to avoid the same fate but it is hard to keep up. On June 16th Amazon said it would pay $13.7bn […]
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Etihad allows flyers to bid to keep adjacent seats empty

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Etihad allows flyers to bid to keep adjacent seats empty
THERE are few things that airlines will not now put a price on. Even so, Etihad Airways has come up with an intriguing idea. The Abu Dhabi-based carrier is offering flyers the chance to bid to keep adjacent seats on a flight empty. Passengers can suggest the price they are willing to pay to block […]
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Fund managers rarely outperform the market for long

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Fund managers rarely outperform the market for long
THE big investment shift of recent years is from active to passive. Clients have been buying index funds, which passively track a benchmark like the S&P 500 index, and shunning fund managers who actively try to pick the best shares. One reason for the shift is that passive managers charge lower fees than active funds. […]
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Qatar Airways wants a 10% stake in American Airlines

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Qatar Airways wants a 10% stake in American Airlines
IT SEEMED, at first blush, to be a masterclass in how to bait a rival. For years, American Airlines, along with other big American carriers, has complained of “unfair” competition from Middle Eastern operators, which stand accused of taking state subsidies. On June 22nd one of those accused, Qatar Airways, said it planned to take […]
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An industry shudders as Amazon buys Whole Foods for $13.7bn

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An industry shudders as Amazon buys Whole Foods for $13.7bn
AMAZON announced on June 16th that it would pay $13.7bn to buy Whole Foods, a grocer known for its organic produce. On the face of it, the purchase might not seem to upset the grocery cart, either for Amazon or for the supermarket business. Amazon controls a measly 0.2% of America’s grocery market; Whole Foods […]
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Finland tests an unconditional basic income

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Finland tests an unconditional basic income
JUHA JARVINEN, an unemployed young father in a village near Jurva, western Finland, brims with ideas for earning a living. “I’m an artist and entrepreneur. Sometimes I’m too active, I don’t have time to stop,” he says. He just agreed to paint the roofs of two neighbours’ houses. His old business, making decorative window frames, […]
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Canadian banks don’t face a crisis. They do face a strategic trilemma

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Canadian banks don’t face a crisis. They do face a strategic trilemma
AS the global financial system was engulfed in crisis in 2008-10, only one set of banks in Europe and North America stayed serene and safe: Canada’s big five lenders. They were largely untouched by the madness south of the border and across the pond and kept churning out profits. After the crisis experts went on […]
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Podcast: A poison chalice for GE’s new boss

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Podcast: A poison chalice for GE’s new boss
Patrick Foulis asks if a break-up is on the cards as General Electric appoints a new CEO. Also, Uber is on a collision course as it grapples with management problems. Why confidence among European companies is sky high. And tension in global trade in aluminium. Hosted by Philip Coggan. <param name="labels"…Continue reading Facebook Twitter Google+ […]
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Younger business travellers are more likely to extend trips for fun

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Younger business travellers are more likely to extend trips for fun
ACCENTURE, advertorial, jeggings. The competition for ugliest portmanteau is fierce. Few constructions, though, can match “bleisure” for barbarousness. For the uninitiated, the word is a blend of business and leisure. But ugly as it is, it exists for a reason: the practice of adding a few days of pleasure to a work trip is becoming […]
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Big business sees the promise of clean energy

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Big business sees the promise of clean energy
PITY America’s big businesses. For years their efforts to reduce their carbon footprint were dismissed by environmentalists as “greenwashing”. Now, after months trying to persuade a supposedly pro-business new president, Donald Trump, of the merits of staying in the Paris climate accord, he practically laughed in their faces by withdrawing on June 1st. Executives fear […]
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Banco Popular fails and is bought by Santander

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Banco Popular fails and is bought by Santander
EVEN a bank failure can be presented as a triumph. This week Banco Popular, a big Spanish lender, endured a run. Depositors were said to be withdrawing €2bn ($2.2bn) a day. The bank lost half its stockmarket value in four days, as a self-imposed deadline to find a saviour loomed. On June 6th, it was […]
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Why the Fed is likely to raise rates, despite low inflation

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Why the Fed is likely to raise rates, despite low inflation
CREDIBILITY is a thing you have to worry about with toddlers. You cannot reason with them. The best you can hope to do is respond consistently to undesirable behaviour. Get this wrong and your work becomes harder. If your correspondent doesn’t actually go and hide the box of Legos every time he has to count […]
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Britain needs a second flag-carrier

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Britain needs a second flag-carrier
AIRLINES, like all firms, have a duty to shareholders to cut costs, if it makes them more competitive and more profitable in the long term. British Airways has been zealous in this regard. Over the past few years, the airline, under the stewardship of Willie Walsh and Alex Cruz, has cut staff, outsourced IT, and […]
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Why flying in the summer is so hellish

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Why flying in the summer is so hellish
HERE in America, we recently celebrated Memorial Day, when barbecues and pool openings mark the beginning of summer, astronomers be damned. For leisure travellers, that means sun, surf and spritzes. For business travellers, it can mean headaches, as airport lines grow ever longer and flight delays more common. Who is to blame for the annoyances […]
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How Uber is growth hacking in Spain despite regulatory roadblocks

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How Uber is growth hacking in Spain despite regulatory roadblocks
Taxi drivers in Spain are protesting against ride-hailing apps Uber and Cabify today, holding strikes in multiple cities and a protest march in the capital. Early reports suggest 20,000 protestors Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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The threat of a laptop ban resurfaces

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The threat of a laptop ban resurfaces
MODERN air travel has become less tolerable in many ways. Seats are narrower, legroom more cramped and luggage space elusive. But in one way it has vastly improved. Keeping yourself amused on a flight once meant squinting at a flickering movie on a distant screen. Today flyers can travel with a library of films, music […]
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Donald Trump considers congestion pricing for American cities

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Donald Trump considers congestion pricing for American cities
DONALD TRUMP made a splash during the American presidential campaign when he called for a trillion-dollar investment in infrastructure. But when he actually released his first major budget proposal this week, funds for roads and bridges hardly attracted notice. Though the document does lay out a target of $200bn in direct federal spending, to be […]
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A surge in the value of crypto-currencies provokes alarm

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A surge in the value of crypto-currencies provokes alarm
IT IS hard to predict when bubbles will pop, in particular when they are nested within each other. It helps to keep this image in mind when considering one of the biggest surges in asset values of recent years: the market value of all the world’s crypto-currencies has trebled since the beginning of the year, […]
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Insurers get a new global accounting regime

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Insurers get a new global accounting regime
LISTED firms in over 120 countries, including all large economies bar America, issue financial statements according to international financial reporting standards (IFRS) set by the International Accounting Standards Board (IASB). One industry, however, has been in practice free to keep using divergent national standards: insurance. That, too, is about to change. IFRS 17, issued on […]
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A new sort of hedge fund relies on crowd-sourcing

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A new sort of hedge fund relies on crowd-sourcing
“QUANT” hedge funds have long been seen as the nerdy vanguard of finance. Firms such as Renaissance Technologies, Two Sigma and Man AHL, each of which manages tens of billions of dollars, hire talented mathematicians and physicists to sit in their airy offices and develop trading algorithms. But what if such talent could be harnessed […]
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A British firm plans a secondary market for crowd-funded shares

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A British firm plans a secondary market for crowd-funded shares
EVERYONE would like a piece of the next Google or Facebook. But the big venture-capital (VC) firms do not usually raise money from small investors. And some entrepreneurs complain that it is hard to get noticed by the hotshots in the VC industry. Hence the enthusiasm for crowd-funding, where small investors can buy a stake […]
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Who owns the space between reclining airline seats?

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Who owns the space between reclining airline seats?
TO WHOM does the legroom on an aeroplane belong? More specifically, who owns the four inches of knee-space into which a passenger can recline his seat? The accepted notion is that such territory belongs to the person seated in front. That flyer has, after all, paid for a reclining chair and thus believes it is […]
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The super-connector airlines face a world of troubles

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The super-connector airlines face a world of troubles
WHEN a video of a passenger being dragged off a United Airlines flight went viral last month, the American carrier’s Middle Eastern rivals were quick to mock its customer service. Qatar Airways updated its smartphone app to say it “doesn’t support drag and drop”. The ribbing was justified. Over a decade of expansion, Qatar Airways, […]
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Airport terminals for the super-rich might be best for everyone

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Airport terminals for the super-rich might be best for everyone
ON MAY 7th a fist-fight broke out on a Southwest Airlines flight that had just landed at Bob Hope Airport in Burbank, California. The violence began when a passenger accused another of “messing with his chair”. It was, inevitably, captured on video and quickly spread on social media. Twenty miles down the road, Los Angeles […]
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Another pay rise?

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Another pay rise?
Callum Williams joins presenter Simon Long to examine the merits of Labour leader Jeremy Corbyn’s proposal for a £10 minimum wage. The Chinese investors who idolise American billionaire Warren Buffet. Why a gender gap among Economics students could cause problems down the road <param…Continue reading Facebook Twitter Google+ Pinterest LinkedIn Buffer WhatsApp
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