It’s no secret the US economy keys off consumption. On that count, it’s beginning to look less and less like an expanding economy. Whether it’s the internals of the first-quarter GDP report or the source of March personal spending, the trend is not the friend of growth in coming months. Some of it comes down to the state of US ...

Last year, the world’s consumers bought more than 2 million electric vehicles. By 2025, they’ll be buying 10 million; by 2040, 56 million, according to BloombergNEF’s new long-term Electric Vehicle Outlook. The report looks at how this fleet will transform transportation as China’s 421,000 electric buses join those millions of personal EVs. As the expanding electric fleet drives electricity demand ...

Having helped carry the African National Congress across the finish line in elections earlier this month, despite South Africans’ impatience with the party’s persistent corruption, President Cyril Ramaphosa will now need to lead his party toward greater reform. It’s the essential first step toward reviving a moribund economy and restoring South Africans’ faith in their future. The ANC’s seemingly robust ...