What exactly do the likes of BlackRock Inc and Canada Pension Plan Investment Board see in the unprofitable Indian payments startup heading for the country’s biggest-ever initial public offering? A simple answer: the raw power of data. Paytm, formally known as One97 Communications Ltd, has signed up BlackRock, the world’s largest asset manager, and CPPIB together with the sovereign wealth ...

As President Joe Biden won another legislative victory — namely, the $550 billion infrastructure bill — it’s worth asking what its success says about American politics. Mostly it’s good news, whether or not you agree with the policies of the Biden administration. The most enduring truth is that the median voter theorem, as social scientists refer to it, continues to ...

Bloomberg UK Prime Minister Boris Johnson is facing growing criticism over his party’s conduct, as a former Conservative prime minister and opposition members speak out against him following a lobbying scandal. Johnson is “trashing the reputation of our democracy,” opposition leader Keir Starmer said in a BBC interview, after the prime minister outlined plans to overhaul rules on politicians’ behavior ...