Bloomberg China’s Communist Party is set to repeal presidential term limits in a move that would allow Xi Jinping to rule beyond 2023, completing the country’s departure from a political system based on collective leadership. The party’s Central Committee announced it was seeking to end a constitutional provision that bars the head of state from serving more than two consecutive ...

A recent report by Goldman Sachs’ global research team highlights a new study showing that large, dominant superstar companies are paying lower wages and earning higher profits. I’ve flagged that research myself, but when Goldman says it’s worried, you know things have really gotten serious. American industry is increasingly dominated by a shrinking handful of giant companies. Why is Goldman ...

Prime Minister Narendra Modi’s ambitions to turn his country into a powerhouse of high-tech manufacturing via the ‘Make In India’ campaign just received one hell of a boost. Toyota Motor Corp.’s Lexus is considering assembling its ES brand in the nation to take advantage of lower import tariffs on auto parts, the Asahi newspaper reported, citing an unidentified official. To ...