One of the themes of this economic cycle has been that tech startups have stayed private for a long time, choosing to raise money via venture capital rather than going public. When a downturn inevitably arrives, some may regret that. As prior cycles have shown, even if good startups technically can go public in a bad market, they generally don’t ...

It wouldn’t be an exaggeration to think of India’s 21 state-run lenders as one gigantic bad bank that’s financially fragile, operationally weak, and forever in need of relief and rescue. But in trying to blame the banking supervisor for the latest manifestation of the lenders’ Inspector Clouseau-like ineptitude — a $2 billion scam at the second-largest — Finance Minister Arun ...

China is hoping to become the Detroit of the battery-powered electric-vehicle industry. Sales of EVs are expected to reach 1 million this year alone, and the government has big plans for expansion. But this welcome trend comes with a perplexing side effect: China is now using up more lithium-ion batteries than anywhere else in the world. What to do with ...