Snap Inc is proving itself to be a cut above the rest. Its latest results show why. The social-media company reported second-quarter earnings that crushed Wall Street’s expectations. Revenue in the period surged 116% from a year earlier to $982 million, handily beating the Bloomberg consensus estimate of $847 million. Snap’s daily active users jumped by 23%, also ahead of ...

In the past, China Evergrande Group has always been able to wiggle out of trouble. In turbulent times, billionaire founder Hui Ka Yan would turn to his tycoon friends to prop up his stocks and bonds. The persistent support they’ve provided — buying up Evergrande debt — is why the developer is also Asia’s largest dollar junk bond issuer. Hui’s ...

London is in a precarious position when it comes to Covid-19. Remaining restrictions were recently lifted in the city along with the rest of the UK even as the highly infectious delta variant drives cases higher. London’s delta wave won’t be as bad as past outbreaks — hospitalisations and deaths remain low because of its high vaccination rate. But the ...