The world is changing fast and to keep up you need local knowledge with global context.
In an era of automation, robotics and spotless factory floors, you don’t expect to see car workers lugging metal along a production line. But at Volkswagen’s main Wolfsburg plant earlier this year, workers had to resort to handing metal sheets to robots working on the E-Golf, said people who saw it happen.
As we saw when she gave McKinsey a roasting last week, Lucy Kellaway prefers telling it like it is. This week the Financial Times of London’s best columnist takes a look at the cerebral side of corporate life. The best brains, apparently, reside in its young graduates. And, she says, the brightest of them soon … Read more
By Alec Hogg Enjoyed a productive half hour yesterday with an MBA student researching the relationship between financial journalists and business leaders. Her probe asked whether closer relationships would improve the flow of information; whether friendships enhance or detract from the service both provide their constituencies. The best answer was in yesterday’s contribution to Biznews … Read more
Germany is famous for it’s positive labour relations, but the latest news from Volkswagen indicates things there are getting tense between management and workers. VW, like many carmakers around the world, is struggling with mediocre sales – mostly thanks to slumping demand in drama-riddled Europe – and is trying to trim costs to maintain profitability. As always, … Read more
By Emma Thomasson BERLIN (Reuters) – Online retailer Jumia, a would-be African Amazon set up by German venture capital firm Rocket Internet, is expanding into three new markets – Uganda, Ghana and Cameroon, the company said on Monday. Jumia, which launched in 2012, already operates in Nigeria, Morocco, Ivory Coast, Egypt and Kenya, offering up … Read more
By Christine Murray MEXICO CITY, June 2 (Reuters) – Abundant cheap labor has helped Mexico lure billions of dollars in foreign investment in recent years and spur a manufacturing sector so dynamic it has been likened to China. But the same low wages that help make manufacturers competitive are a long-term drag on the economy. Millions of people working … Read more
By Richard Lough ADDIS ABABA (Reuters) – Ethiopia has pushed the door ajar for foreign retailers keen to enter the fast-growing market of 90 million people, welcoming them as managers but keeping the state in control. It is a tantalising, if limited, offer for firms such as Walmart of the United States and Kenya’s Nakumatt … Read more
From REUTERS JOHANNESBURG – Construction companies in sub-Saharan Africa are moving beyond mainstay mining work as rising wealth and urbanisation spark demand for shopping centres and better roads, the chief executive of South African builder Group Five said. Mike Upton also told Reuters in an interview that some sub-Saharan governments were increasingly wary of previously favoured Chinese contractors, … Read more