Emerging markets have taken a hit over the past couple of weeks, as global market wobbles have prompted a flight from risk. So it's surprising that North Korea—a country that stretches the very definition of emerging market—has been in the news as a target for foreign investment.
There are bespoke suits. And then there are bespoke books. For the mogul who truly has everything, there's something new: a custom-made autobiography. For any where from a few grand to $100,000, Myspecialbook.com, a publishing company started a few years back by wealthy Argentines, will write, design and publish a book all about anyone who can afford it.
When you think of technology visionaries, Hasso Plattner's name probably doesn't spring to mind. But it should. As the founder of the German company SAP, the world's third largest software maker after Microsoft and Oracle, Plattner has been every bit as influential as better-known peers like Bill Gates or Steve Jobs.
Shell CEO Jeroen Van der Veer was calling the drop in oil prices even before it began last week. An oil-industry veteran who is not given to rash predictions, he spoke recently to NEWSWEEK's Rana Foroohar about the industry's most pressing questions, including oil nationalism, security and those threatening prices.
When Sumner Redstone, the much-respected head of media conglomerate Viacom, unceremoniously booted toothy megastar Tom Cruise from his perch at Paramount earlier this month, there was plenty of talk about how studios are finally looking to offload the risk of super expensive actors, who often milk millions from a film before producers can take their own cuts.
Philanthropists Used to Dole Out charity from the comfort of their leather armchairs. Not so John Wood. A Microsoft millionaire and head of business development for the company in China, Wood decided to start his own nonprofit back in 1999 during a trek to Nepal, where he saw firsthand the poverty and lack of opportunity.
There are no fashion seasons at H&M's store on New York's Fifth Avenue. Trucks hauling brand-new items pull in almost every day. Ever since the Swedish purveyor of cheap chic first brought its mix of trendy fashions and superlow prices to Manhattan in 2000, Upper East Side matrons and gum-popping teens alike have been known to line up before doors open, hoping to be the first to nab a $99 limited-edition cocktail dress by Stella McCartney or a $49 pair of drainpipe jeans.
Protectionism is undermining Europe's future, says EU Internal Market Commissioner Charlie McCreevy, and Brussels needs to stop it. Last week McCreevy ordered the French government to explain its role in the merger of state-owned Gaz de France and the private utility Suez (which was widely seen as a move to block an Italian bid for Suez).
Here's a pop quiz on gender equality. In which part of the world are women most likely to reach the highest rungs of power? Choice A offers new moms 12 weeks of maternity leave, almost no subsidized child care, no paid paternity leave and has a notoriously hard-driving business culture.