Janet Yellen may be doing a solid for Jerome Powell, her successor at the helm of the Federal Reserve. Yellen, now Treasury secretary, says higher interest rates would be beneficial for the US economy. Both borrowing costs and inflation have been too low for the past decade. “If we ended up with a slightly higher interest rate environment, it would ...

If you want an example of how major Western companies manage their great taxation sidestep, take a look at Apple Inc’s chief supplier. Hon Hai Precision Industry Co, the flagship of Foxconn Technology Group and the largest assembler of iPhones, booked $57.4 billion in revenue from the Republic of Ireland in 2020, according to its annual report. That’s around 25% ...

The stronger the interest in China’s coming digital currency, the less we seem to know about it. Sifting through comments by officials thought to be the brains behind the project, Capital Economics’ chief Asia economist Mark Williams has raised an interesting question: What if the e-CNY, as some are beginning to call the new electronic cash, is not at all ...