Too old, too big, too inflexible – catalogue retailer Otto seemed destined for the history books. But things turned out differently. The family-owned firm has reinvented itself as a digital company ready to take on Amazon.
In an interview, patriarch Michael Otto talks about masterminding a turnaround in a traditional mail order company that oftentimes suffered from inertia. His unexpected triumph is our example.
The European Union will publish a strategy paper on nuclear energy that directly contradicts German energy policy, according to German media reports.
The proposal defends the merits of nuclear energy while planning for a future of cooperation between states in research and financing. Germany planned on leading the renewable energy movement by example, but instead became a warning tale.