The changing nature of food retailing was laid bare last week with lower than expected UK sales growth at Tesco Plc and Amazon.com Inc. expanding its partnership with the smaller British chain Wm Morrison Supermarkets Plc. Amazon’s agreement with Morrisons, while still fairly small right now, shows the ambitions of the online giant toward the UK, already one of the ...

It’s easy to sense signs of strain in the US economy: inversion of the yield curve, lackluster jobs data and an escalating trade war with China. It’s more difficult to gauge when a slowdown turns into a recession. Predicting its severity – mild or monstrous? – is even more difficult. Recent research by the Federal Reserve Bank of St. Louis ...

Pakistan is flirting with a textbook emerging-market crisis. An unsustainable investment boom has ended. The central bank has raised interest rates to squeeze a current account gap. Growth has collapsed to a nine-year low; youth unemployment is in double digits; and inflation is getting there. Government revenues are stalling. Getting Islamabad out of its jam is once again the job ...