The Week (US)

The bottom line

- A glut of private jets has led to a buyer’s market for would-be private fliers. Even as private-plane manufactur­ers have trimmed production of new jets, prices for pre-owned planes are down 16 percent from last year. Companies are also buying fewer jets,

China is closing the gap with the U.S. on minting $1 billion startups. This year, 12 of the world’s 33 new “unicorns”—young businesses valued at $1 billion or more—have been based in China. Since mid-2015, the country has produced 34 unicorns, compared with 39 in the U.S.

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