Is the global investment boom turning to bust?
Almost wherever you look, companies seem to be scaling back their ambitions. Meta, the owner of Facebook, recently said that it would invest less in 2023 than previously promised. Disney is slimming its capex plans for this year by a tenth, meaning punier investment in its theme parks. Calavo Growers, a huge producer of avocados […]
Is India’s boom helping the poor?
In a land where labour is cheap, the man who drives the most luxury cars is not a billionaire. He is a parking attendant. On a meagre salary, he must park, double-park and triple-park cars in tight spaces, and then extricate them. In India, where car sales have increased by 16% since the start of […]
The AI boom: lessons from history
It can take a little imagination to see how some innovations might change an economy. Not so with the latest ai tools. It is easy—from a writer’s perspective, uncomfortably so—to think of contexts in which something like Chatgpt, a clever chatbot which has taken the web by storm since its release in November, could either […]