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US, China must consign Trump trade deal to history

There’s an old joke about a traveller asking for directions on a country road. “If I was going there,” the local guide eventually concludes, “I wouldn’t start from here.” That’s the situation President Joe Biden was expected to face in working out how to re-establish a dialogue on trade with China’s President Xi Jinping in their virtual summit. If you ...

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Bitcoin at Starbucks is a lot meme than money

It’s not often you hear someone brag about buying coffee with “money” — unless you’re moving among Bitcoin circles. Being able to use the cryptocurrency at chains like Starbucks Corp and Pizza Hut is being touted as a payments revolution by the looks of various selfies and videos coming out of El Salvador. President Nayib Bukele established Bitcoin as legal ...

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Shell wants to give up its dual citizenship

That’s another old chestnut ticked off global business’s to-do list. After General Electric Co and Johnson & Johnson decided to break themselves up, oil major Royal Dutch Shell Plc is also taking an obvious long-standing idea from the shelf and turning it into action. Plans to scrap its Anglo-Dutch structure to coalesce around a UK domicile underscore the tremendous pressure ...

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