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WeWork learns lesson from IPO fail

Two years ago, a failed initial public offering made WeWork Inc the poster child for startup excess and corporate governance failure. Today, the shared-office provider finally joins the public markets, having completed a merger with a blank-check firm, BowX Acquisition. Its shares will trade on the New York Stock Exchange and the ticker is, of course, “WE.” This has been ...

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SE Asia’s new coal plan has only half a solution

The Asian Development Bank (ADB) and a handful of financial institutions will take an ambitious proposal to end Southeast Asia’s coal addiction to the COP26 climate talks. They want to speed up the shift away from the dirtiest fossil fuel by buying out coal-fired power plants and closing them early, while fostering green alternatives. Good news, considering the ADB only ...

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Can regulators save a failing cryptocurrency?

Cryptocurrency has so far failed to sweep away government-issued money, or to bring about the broader revolution that its most ardent enthusiasts envision. But what if the underlying technology could be harnessed to transform traditional fiat currencies — for example, by making them much easier and cheaper for more people around the world to use? This goal might be attainable ...

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