Bloomberg The ability to communicate, shop online, order rides, read books, play games, get food delivery and pay for anything within a single, unified smartphone app is Asia’s defining innovation, technology leaders said at Bloomberg’s New Economy Forum in Singapore. WeChat, Grab and Go-Jek are prime examples of a breed of software called the Super App. In the US and ...

Bloomberg A Chinese government official has sounded the most direct warning yet about the nation’s slumping car industry. China’s vehicle sales will come in under 30 million units this year and may even fall below the number in 2017, Wu Wei, a divisional director under China’s top economic planning body, said on Wednesday. Companies shouldn’t expand production capacity blindly, and ...

Bloomberg A network of private railroads more than three times the length of the New York subway system is the key lifeline for Australia’s A$61.3 billion ($44.5 billion) iron ore export industry. So when there’s a derailment in the biggest shipper — global markets, as well as the ground, shudder. A runaway train that derailed this week after traveling 92 ...