The Chinese have a nickname for unsophisticated stock investors. They call them chives, a healthy crop that can flourish soon after planting, which keep coming up again and again — just like the chumps chasing meme stocks and blank-check companies for spectacular returns. The US market seems to be the perfect place for Chinese companies to harvest chives. This sure ...

As Kenny Rogers sang in “The Gambler”: “You’ve got to know when to hold ‘em, know when to fold ‘em, know when to walk away.” UK Chancellor of the Exchequer Rishi Sunak has apparently taken that lesson to heart. He called an end to the drawn-out negotiations with the European Union to agree on so-called equivalence, or common regulations on ...

A tidy financial centre of 5.7 million people is gradually preparing for life after the pandemic, as vaccination rates increase, social distancing measures ease and residents once again dare to daydream about leisure travel. A short ferry ride away, a sprawling archipelago with a population of 270 million is struggling to get oxygen, daily Covid cases are north of 20,000 ...