Perhaps Germany’s reputation for penny-pinching is undeserved after all. Net debt at Deutsche Post AG, the mail and logistics operator, swelled by a whopping 10 billion euros ($12 billion) in the first three months of 2018. The bulk of that change of it relates to new accounting rules, rather than new borrowing. But that’s what makes it interesting (bear with ...

In last July, writer and researcher John Rapley penned an article in the British newspaper the Guardian entitled “How Economics Became a Religion.” This followed on the heels of shorter but equally acerbic critiques by Simon Jenkins in the Guardian and Jeremy Warner in the Telegraph, earlier that year. In 2015, the Guardian published an article by Joris Luyendijk called ...

Bloomberg HSBC Holdings Plc is set to reaffirm its position in Saudi Arabia with the takeover of Royal Bank of Scotland Group Plc’s local venture as lenders bet on the kingdom’s ambitious plans to transform its economy. In the country’s first bank merger in almost 20 years, HSBC affiliate Saudi British Bank offered to take over RBS-backed Alawwal Bank in ...