Rana Foroohar

Investing in North Korea

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.

Secret Habits of the Super Rich

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.

Software Savior?

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.

Big Oil's Big Problem

Under the 12-year leadership of Lord John Browne, BP cultivated a reputation as a different kind of oil company, kinder and gentler on issues from women in its work force to the environment.

Q & A: Why Oil Will Get Cheaper

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.

Up in the Sky, It's ...

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.

A Reason To Smile

Take a drive around Munich or Frankfurt, fly into any German airport or cruise the rust belt of the Rhine, and you will see the same thing--contractors in hard hats slapping up new buildings.

This Way Out

One answer to the M.B.A. backlash comes from J. Frank Brown, the new dean of Europe's top B-school, INSEAD in Fontainebleau, France. A former head of PricewaterhouseCoopers' $3.5 billion advisory-services unit, Brown says M.B.A.

This Rampart Is Rising

When students take to the streets, they're usually united against something like war or racism. But when Indian students took to the streets last May they had a different cause.

Are They Worthy?

Ogling executive pay is the spectator sport of business. The catcalls from the stands have gotten louder as new studies throw out eye-popping statistics about how rich CEOs are getting, while the rest of us worry about keeping our jobs out of China.

Unlikely Boomtowns

Great cities like London, New York and Tokyo loom large in our imaginations. They are the places people still associate with fortune, fame and the future.

Going Places

Once upon a time, being rich meant being rooted. A wealthy family would build a grand home in the city, have a second one for weekends in the country, then stock them with expensive art, fabrics, jewels and, of course, a staff.

Giving It All Away

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.

A Walk In The Park

London has long been a hub for wealthy expatriates. Its proximity to the United States, Asia and the Middle East make it perfect for globe-trotters. It's got culture, history and some of the world's most gorgeous real estate.

The Internet Splits Up

Sometimes it's tough to remember what life was like before the Internet. In those long-ago-seeming days, phone calls were expensive, document-shipping frequent, and we actually had to troll for random information in (gasp!) books.

A New Fashion Frontier

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.

Interview: The Wrong Answer

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).

Goodbye, Manhattan

Ten years ago the British gave up investment banking, selling off financial-services firms one by one to American behemoths. Ever since, the conventional wisdom has been that London would always play second fiddle to Manhattan as a global investment capital.

Myth and Reality

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.

Fossil-Fueled Worries

Remember that '70s oil crisis? Those long gas lines and the run on sweaters? It's more complicated this time around. Oil prices--currently hovering close to $70 a barrel--may be lower now than then, but oil consumption is growing at unprecedented rates.