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California leads US into an electric-car future

California’s energy future is visible in the underground garage of a luxury condominium that rises behind the façade of a former San Francisco muffler shop. The parking spaces come equipped with charging stations for electric cars — an amenity that, as of next year, the city will require. The city law, which mandates that at least 10 percent of parking ...

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Why Tencent wants to be more like Facebook in advertising

Tencent Holdings Ltd’s rise into a $500 billion company was fuelled by a culture of internal competition, where teams raced against each other to make ideas work. To become an advertising powerhouse like Facebook Inc., the internal barriers are starting to come down. The seven main business units of China’s largest company are working to synchronize data and study a ...

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Forecasts for US growth are too pessimistic

Since the recession ended in mid-2009, the US economy has averaged annualized growth of just 2.2 percent, and the Bloomberg consensus forecast does not expect it to grow much faster in the year ahead. Estimates of real growth are just 2.4 percent in 2018. Some forecasters assume a stronger expansion as a result of the Trump administration tax legislation. Our ...

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