Winston Churchill’s words at the turning point of World War II in 1942 are an apt summary of where the Bank of England currently finds itself: “Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning.” And while the Federal Reserve remains committed to pushing borrowing ...

  The mooted sale of Liverpool Football Club confirms an uncomfortable truth: No-one really makes any money owning a soccer club, they only profit from selling it. Fenway Sports Group Holdings LLC, which also owns Major League Baseball’s Boston Red Sox and the National Hockey League’s Pittsburgh Penguins, is exploring a sale of the English team. Liverpool could fetch more ...

  China’s tech moguls have been walking on eggshells. Jack Ma, founder of Alibaba Group Holding Ltd. and the nation’s most prominent entrepreneur, disappeared from public view after delivering a speech on China’s state-dominated banking sector just over two years ago. His blunt criticism infuriated President Xi Jinping. The fallout has been severe. Beijing abruptly pulled the $35 billion IPO ...