Bloomberg Orix Corp. agreed to buy Spain’s Elawan Energy, the Japanese financial conglomerate’s first deal to acquire a majority stake in an overseas renewable power company, people with knowledge of the matter said. Tokyo-based Orix is purchasing an 80% stake in Elawan from its management and Spanish industrial company Acek, said the people, who asked not to be identified before ...

The year 2020 was, by any measure, rich in awakenings and reckonings. None were as earth-shaking as those forced upon the United States, Britain and India. The pandemic found three of the world’s most prominent democracies shockingly underprepared, governed by leaders as incompetent as they were deluded and encumbered with states that had steadily rendered themselves incapable of performing their ...

The rare activist moment at China’s central bank was too late and too crude. For years, when it came to innovative business ideas, Beijing’s stance has been to let them flourish — there’s always room to regulate and rein in later. And thus gig economy superstars have blossomed. China’s version of Uber Technologies Inc, DoorDash Inc and PayPal Holdings Inc ...