How to make sense of the whopping $47 billion in lease liabilities that WeWork disclosed ahead of its planned IPO? That figure makes WeWork one of the world’s largest lessees, according to Bloomberg data, which is pretty astonishing considering the flexible office space provider was founded less than a decade ago, bleeds cash, and doesn’t plan to become profitable any ...

Is China’s 14-month car crash at an end? After more than a year of declining sales, the country’s auto industry has relief in sight. Beijing’s ruling State Council told city governments to loosen or cancel restrictions on new car sales designed to limit congestion, as part of a package of measures to get sputtering economic growth back on track. The ...

You can have too much of a good thing — even, as Germany proves, financial self-discipline. With the economy on the verge of recession and growth in the wider euro area sputtering out, a strong fiscal stimulus is needed from Berlin. Under conditions like these, fear of public borrowing is the opposite of prudent. The government is running a budget ...