Slowing car sales and tightening credit look like a toxic combination for China’s auto-financing industry, which has exploded in past few years. Concerns the sector is heading for a subprime-like meltdown may be overblown, though. Sales in the world’s largest car market rose 2.3 percent in June from a year earlier, data showed last week. While faster than several analysts ...

The French state has, at times, been as close to a nanny state as it gets. But that doesn’t mean France lacks a thriving charity and non-governmental sector. On the contrary, France’s charity sector is massive, with some 1.3 million estimated non-profit groups. They spend close to 3.4 percent of French GDP, and employ close to 2 million people, with ...

Bloomberg The biggest Nordic banks expect to launch a new piece of financial infrastructure next year, promising to dramatically speed up international transfers in one of the world’s most technologically advanced regions. The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency. The P27 project — so-called for the 27 million people ...