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The Week in Business: Saudi Arabia Turns East, and Trump and Kim Meet Again

Author: Zach Wichter / Source: New York Times

Giacomo Bagnara

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Charlotte is off this week, and I’m here to give you some light reading so you can chat knowledgeably about business at that fancy Oscars party you’re surely attending. Here are your talking points!

Feb. 17-23

What’s Up?

Go East, Young Man

As Western nations and companies continue to pull back from interactions with Saudi Arabia for the killing of Jamal Khashoggi last year, the country’s crown prince is trying to shore up relations with neighbors to the east. Crown Prince Mohammed bin Salman spent much of last week touring Pakistan, India and China, hoping to build warmer relations and closer trading partnerships. Leaders from all three countries welcomed the Saudi ruler with open arms (and, in one case, golden arms).

Gone, but Never Out of Style

Karl Lagerfeld, who was an influential force in the fashion world for years and made fusty legacy brands Chanel and Fendi trendy again, died on Tuesday. His precise age is up for debate, but that seems immaterial for a person who essentially described himself as an alien. He was famous for his enigmatic persona and acerbic wit, and for building a broader audience for Chanel’s distinctive products — like its No. 5 perfume, black bouclé jackets, two-tone ballet pumps and quilted handbags.

A Sneaker’s 15 Minutes of Fame

Talk about a wardrobe malfunction. Zion Williamson, a star basketball player at Duke University, was only seconds into a game Wednesday when one of his Nike sneakers tore apart. He sat out the rest of the game with a knee injury, and may not play again this season. The incident set off a broader debate about safety and the influence that shoe companies hold over big-time college basketball. Even the shoe chimed in on…

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