Energy Process
Geopolitics is repricing the world's oil
Conflict is forcing energy importers to pay a steep new premium for security of supply.
Aerospace Defense
The West’s weapons are too good to work
An obsession with perfect weapons creates an arsenal too precious to use and too slow to deploy.
Media Entertainment
Generative video is too costly for the masses
The collapse of a $1bn deal reveals a hard truth: AI’s future in Hollywood is on the assembly line,...
Energy Process
The green-energy boom has a wiring problem
A flood of new wind and solar power is creating waste, volatility and a new form of energy fragility.
Oil majors are building for a slower future
New projects favour political safety over geological promise, a bet against a rapid green transition.
Aerospace Defense
Mispriced concrete imperils America's deterrent
A new missile is years late because planners forgot the cost of digging holes and laying cable.
America's military is too expensive to win
The Pentagon’s premier weapons are winning tactical battles against cheap drones, exposing a fatal economic vulnerabilit...
Deterrence is replacing prevention
Threats from Iran and North Korea force a costly shift from prevention to deterrence.
For the Baltics, concrete is cheaper than ambiguity
New border defences are designed to force a political choice, not just to halt an army.
Fashion Luxury
Fashion now buys what it cannot build
Mergers are now about survival, not expansion, sidelining the visionaries who built the brands.
Luxury sheds its department stores
Saks Global's bankruptcy forces brands to choose between old partners and absolute control.
Primark’s cheap clothes cost too much
The fast-fashion giant’s reliance on physical stores has turned its greatest asset into an expensive liability.
Financial Services
Media Entertainment
Stories are now a marketing expense
A Chinese-pioneered model values ad-buys over scripts, upending Hollywood's creative calculus.
Hollywood now pays to prevent hits
Paramount’s deal for the creators of ‘Yellowjackets’ reveals an industry buying certainty over creativity.
Imax’s China strategy is a content lottery
A 47% plunge in holiday ticket sales reveals its premium model needs spectacular films to survive.