A paradox of our time concerns productivity. We are awash in transformative technologies — smartphones, tablets, big data — and yet the growth in labour productivity, which should benefit from all the technology, is dismal. This matters. Productivity is economic lingo for efficiency, and it’s the wellspring of higher living standards. If productivity lags, so will wages and incomes. The ...

The leaked documents by the International Consortium of Investigative Journalists (ICIJ) could smear Panama’s image as an offshore haven for money laundering, even after it had exerted efforts to clear its name. The documents, from around 214,000 offshore entities, came from Mossack Fonseca, a Panama-based law firm with offices in more than 35 countries. The leaked data, known as the ...

John Power SPECIAL TO EMIRATES BUSINESS North Korea’s ruling party recently called on citizens to stand up to its patron China’s “hostile schemes” in a blistering attack that invoked nuclear war with Beijing, a report has claimed. In a document distributed to provincial committees, the Workers’ Party of Korea implored party members and workers to “soundly crush China’s pressuring schemes ...