Bloomberg Mongolia’s effort to get its citizens to pay taxes by enrolling them in a lottery is delivering a big payout — for the government. The north Asian country between Russia and China has expanded its tax base by almost half since 2016, according to government statistics, partly by printing a lottery ticket on every retail receipt when the 10 ...

China may be suffering from President Donald Trump’s trade war. A substantial number of Chinese companies are laying off staff, cutting wages and reducing capital expenditures. Prices are being slashed on goods subject to tariffs. And China’s export growth has slowed. Of course, US consumers and manufacturers will also get hurt by the tariffs. And there’s a chance that China’s ...

The idea that a company as powerful and autocratic as Facebook Inc. would ever dive into crypto-currencies has always seemed a bit like the Death Star deciding to throw a staff Christmas party. Whether it’s the Bitcoin model itself or the more corporate-friendly efforts to exploit the blockchain approach (distributed databases across networks within a business or industry) it’s been ...