Opinion

There’s a trite expression that perfectly encapsulates how corporate leaders should now be viewing their intense dependence on Chinese production: Fool me once, shame on you. Fool me twice, shame on me. After Covid-19 first struck in China, shuttering factories there before disruptions spread around the world, executives kind of knew it was a bad idea to have their supply ...

People tend to associate environmental, social and governance investing with stock-picking, a way to sort through companies based on their ESG practices. But not every investor can be choosy about the companies they own. Big pension, endowment and sovereign wealth funds oversee tens of billions and even trillions of dollars, which means they have to own practically everything. If they ...

Sri Lanka’s President Gotabaya Rajapaksa has a fetish for fiasco. The Indian Ocean island is a basket case for several reasons. Covid-19 decimated dollar earnings from tourism; the resulting increase in social spending ballooned public debt. Then came the war in Ukraine, worsening shortages of food, fuel and foreign currency. But the lion’s share of the blame must go to ...

The atrocities that Russian troops have committed in Ukraine raise two questions about Russians at home: Do they know their military is doing these things? And if they do, are they OK with it? The answers are almost certainly “Yes” and “They’re working on it.” The degree of civilians’ ignorance may not matter much for Russia’s redemption, should that ever ...

LVMH Moet Hennessy Louis Vuitton SE has kicked off the luxury reporting season in style. The company said that its fashion and leather goods division recorded a 30% increase in sales excluding currency movements and mergers and acquisitions in the three months to March 31. Analysts had expected a 23% gain. Although the shares had fallen 13% between the start ...

  For New Zealand, having the most hawkish central bank in Asia doesn’t go far enough. Officials are intensifying their battle against inflation, even as confidence ebbs and the vital housing industry teeters. Is the country racing toward a recession? The Reserve Bank of New Zealand (RBNZ) raised its benchmark interest rate by a half a percentage point to 1.5%, ...

  India has surprised and disappointed many of its fellow democracies by refusing to directly condemn Russia’s invasion of Ukraine. Some US officials have even let their frustrations spill out in public. Although understandable, such criticisms are mostly unproductive. The US and its allies should instead concentrate on showing India that the country’s interests are better served through partnership with ...

As the war in Ukraine pushes well into its second month, much of the outcome thus far — including Russian failures in executing their battle plans — is the result of logistics. Moscow has struggled abysmally to get gasoline, ammunition and food to its frontline troops. On the Ukrainian side, the flow of weapons and other materiel from the North ...

From the way the public conversation was going, you might think renewable energy was firmly on the back foot as a result of the energy crisis that’s roiled the world since late last year. Transport fuel taxes have been cut to ease the pain of high crude prices in the European Union, India, the UK and US, among other countries. ...

  After a nine-month lunch break, China’s National Press and Publication Administration (NPAA) has reopened the window and started issuing game licenses again. Investors may be rejoicing, but rest assured that Beijing has a smile on its face, too. Let’s be clear: The NPPA isn’t some sloth-like bureaucracy that plods forward at DMV speed. In normal times, the Chinese regulator ...