Once the genie’s out of the bottle, it’s impossible to put back in. China has discovered predatory online cash loans, and even an appearance on the state broadcaster’s annual consumer rights program is unlikely to eradicate the practice. In its two-hour special on March 15, China Central Television interviewed a woman whose debt ballooned to 500,000 yuan ($74,417) in just ...

A smug, entitled business class driven by greed and hubris, but sorely lacking in resources to legitimise their control. I could be describing the India Inc. of today – or 1959. Nothing much has changed. Jet Airways Ltd., India’s oldest surviving private-sector airline, is about to crash land. Founder Naresh Goyal neither brought in enough new equity of his own ...

For a central bank at pains to stress neutrality, the Reserve Bank of Australia (RBA) may not be far away from cutting interest rates. Minutes from the RBA board’s meeting attest to the load being carried by the labour market and consumers. The idea is that low unemployment will translate into higher wages, enabling the consumer to step up despite ...