Whichever way you slice it, the draft Brexit deal unveiled by British Prime Minister Theresa May is no big win for financial services, despite being lauded as such in some quarters. If she gets it past parliament, still a huge if, the accompanying transition period – which may well be extended – will give banks and other finance firms more ...

Any thoughts that the sheer size of Tencent Holdings Ltd.’s omnipotent chat app would slow it down appear unjustified. Monthly active users for WeChat hit 1.083 billion in the September quarter, the company said. That’s one in every seven people on the planet. Even more interesting is the number of users it managed to add: 102.5 million from a year ...

The fight between Italy and the rest of the European Union (EU) over Rome’s rule-defying budget has only just begun, but it’s already causing serious damage. Above all, the dispute is delaying Europe’s plans to strengthen the monetary union. That’s an effort that cannot wait — because a crisis in Italy might test the resilience of the euro zone like ...