Bloomberg GLM Co., a Japanese automaker backed by former Sony Corp. Chief Executive Officer Nobuyuki Idei, said it’s close to winning its first deals to supply customized vehicle frames to companies seeking to produce electric cars. The Kyoto-based automaker is close to signing deals to supply vehicle platforms for about 10 carmakers, including some in China, founder and CEO ...

  Australia has a split personality when it comes to China: Government officials stress the importance of their strategic alliance with the U.S., even if it upsets Beijing. But business leaders argue that Australia must accommodate the reality of China’s overwhelming economic power in Asia. It’s an awkward straddle for Australia, as its security and economic interests diverge. “It has ...

Welfare reform may be the last great bipartisan success story. It was enacted in 1996 by a Republican Congress led by Newt Gingrich and by Democratic President Bill Clinton in response to decades of public frustration with the U.S. system of aid to the poor. At the time, the law had liberal enemies, some of whom resigned from Clinton’s administration ...