China’s deep-pocketed internet giants are fighting a turf war in Indonesia, where e-commerce sales could surpass India’s as soon as 2020. The only problem is that there’s almost no path to profitability. Alibaba Group Holding Ltd., Tencent Holdings Ltd. and JD.com Inc. already back four of the top five online-shopping startups in Southeast Asia’s most populous country. In March, Alibaba ...

Are wages determined by market forces, or do businesses get to decide what pay they offer to workers? This question gets at the heart of a lot of the debate about the economy. Why has wage growth been so sluggish for so many years? If you’re on the market-forces side of the wage question, you might answer that productivity growth ...

Bloomberg Aston Martin has confirmed plans to build a hybrid supercar code-named “003.” It’s the third high-performance, mid-engine car the private equity- and Kuwaiti-owned company will have built in recent years, following the $2.6 million Aston Martin Valkyrie and Valkyrie AMR Pro (called “001” and “002,” respectively) that debuted in 2017. The announcement comes as the brand plans to go ...