Over the last two decades, China has invested more than $125 billion in Africa to build ports, highways, airports, railways and other infrastructure. Chinese President Xi Jinping says funds, to the tune of $60 billion, will continue to flow because “inadequate infrastructure is believed to be the biggest bottleneck to Africa’s development.” China’s largesse has certainly benefited the continent. An ...

Putting state assets into private hands was the boring consensus of the 1990s; now, it’s only for the brave. In Britain, Jeremy Corbyn is tapping into public anger at the poor quality of private railways and utilities, and promises to re-nationalise them. In Italy, the deadly collapse of a motorway bridge has led the government to try and revoke the ...

What’s the appropriate board gift for a CEO’s two-year anniversary? If you’re Tim Sloan at Wells Fargo & Co., the correct answer is a short leash. Sloan took over the CEO role in mid-October 2016, which means the anniversary is this week. At the very least, Sloan badly underestimated the problems facing his bank. But he’s also been slow to ...