Bloomberg In the South African township where Nelson Mandela joined the struggle against apartheid, Lordwick Nxumalo is reduced to hustling for a living. Each day, he and other young jobless men of Soweto hang around on Walter Sisulu Square, waiting to take passport pictures for documents like driving licenses. The licensing office boss, who owns the camera, pays 10 rand ...

We’ve been here before: one of those portentous moments when corporate America promises to be more socially “responsible.” These episodes are, it seems, a permanent feature of modern capitalism. Just this week, the Business Roundtable, a group representing the leaders of major corporations, issued a “statement on the purpose of a corporation” that was widely hailed as rejecting the notion ...

India is belatedly acknowledging that something’s gone wrong with what was once billed as the world’s fastest-growing economy. That’s the good news. The bad news is that New Delhi still doesn’t have a cohesive strategy to reverse the slowdown. Finance Minister Nirmala Sitharaman did offer a stimulus package. The highlight was the rollback of a tax surcharge on overseas investors ...