It’s the technology, stupid! Congress hauled the leaders of Amazon, Apple, Facebook and Google up on Capitol Hill the other day, digitally of course. They stand accused of all manner of abuse of power, but mainly (1) using their immense market presence to squeeze competitors and (2) tapping their vast databases to shape Americans’ political, cultural and economic behaviour. The ...

Yet another storied clothing retailer has found itself no match for the financial pain brought on by the pandemic. Lord & Taylor, the department store chain that was once a star among the glittering emporiums of Fifth Avenue, has filed for Chapter 11 bankruptcy. Lord & Taylor filed along with Le Tote, the startup clothing rental company that had acquired ...

The lifting of Covid-19 lockdowns around the world was never going to be easy. But as infections are flaring up from Spain to Australia, it’s worth noting that two of the hardest-hit countries at the pandemic’s peak — Italy and Sweden — are keeping the virus’s spread under control. Daily confirmed cases in both nations are now averaging at around ...