Aren’t the strong meant to end up eating the weak? That’s not what’s happening in Australia, where Vodafone Hutchison Australia Ltd. or VHA — an unlisted company with negative net assets and A$7.57 billion of net debt at the end of 2017 — is on paper carrying out a takeover of TPG Telecom Ltd. While the deal is billed as ...

The US economy will grow a bit faster than China. Huh? That’s not a typo. It’s one of the projections in a fascinating OECD paper sketching scenarios for the world through 2060. Other developments canvassed: China’s share of global output peaks in the 2030s and then declines while India’s slice keeps rising. Indonesia’s economy catches up to its population. The ...

The fog surrounding Britain’s decision to leave the European Union shows no sign yet of clearing. The UK exits the union next March — but, more than two years after the country voted to go, the terms of its separation and the form of the future relationship are entirely unresolved. This continuing uncertainty is a huge cost in its own ...