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Why companies struggle with recalcitrant IT

IT IS SUPPOSED to be the “Tesla killer”. Volkswagen’s new ID.3 is the firm’s first mass-produced all-electric car—and the first step in the German carmaker’s attempts to reinvent itself for an electrified world. That makes it perhaps the most important model since the original Golf, launched in 1976. The ID.3 is also late. Mechanically, the…

Insurers favor warehouse investments over offices as pandemic hastens real estate shifts

(Reuters) - Global insurers want to increase investments in commercial warehouses as their stakes in office space become riskier because of employees working remotely during the novel coronavirus pandemic, Goldman Sachs Asset Management (GSAM) executives said.FILE PHOTO: Mike Siegel, Global Head of GSAM Insurance Asset Management, part of Goldman Sachs Asset Management, speaks at the…

How American bosses juggle profits and purpose

Of America’s 50 states, 32 have at least one law that lets a firm’s fiduciaries take some non-shareholder interests into accountLAST YEAR 184 of America’s mightiest bosses vowed to manage their firms in the interest not just of company owners but also of other stakeholders—from employees to the environment. Of America’s 50 states, 32 have…

The decline of the office romance

Fewer romantic relationships will be forged at the water cooler. That is a shameEditor’s note: Some of our covid-19 coverage is free for readers of The Economist Today, our daily newsletter. For more stories and our pandemic tracker, see our hubTHEIR EYES met across the office photocopier. At long last, each of them had found…

Profits fall sharply at Saudi Aramco, the world’s biggest oil firm

In its first six months as a public company it has shown unrivalled strength—and unusual weaknessIN DECEMBER, WHEN Saudi Aramco listed 1.5% of its shares on the Riyadh stock exchange, it became the world’s most valuable listed company, with a market capitalisation of $1.9trn or so. The state-backed oil behemoth’s bosses assured investors that low…