Russia’s invasion of Ukraine has been met with crippling sanctions, brought an untold human and economic cost, and turned it into an international pariah. But one of the most damaging long-term consequences may be the resulting hollowing out of the nation’s vast pool of tech talent. As many as 70,000 information technology workers have already fled the country and another ...

Signs are emerging that the resilience of American consumers is rapidly waning, potentially undermining one of the few remaining pillars supporting the bull market in equities. US households have until recently mostly absorbed higher prices on everything from coffee to chicken to clothes, helping companies maintain fat profit margins despite higher input. But that doesn’t mean consumers were happy about ...

  Shanghai is China’s most important financial hub as well as the regional headquarters of global brands such as Apple Inc, Tesla Inc and LVMH Moet Hennessy Louis Vuitton SE. Until recently, it also executed China’s “dynamic clearing” Covid policy better than the country’s other municipalities. With a staff of over 3,000 conducting contact tracing in the city of 25 ...