Sometimes blowout earnings aren’t enough. For the third quarter in a row, Facebook Inc and Apple Inc generated billions upon billions in profits and flexed the power of their dominant businesses. Despite the impressive showings, the market reacted with a shrug — and perhaps for good reason. Both technology companies reported strong quarterly earnings that handily beat Wall Street expectations. ...

What happens to a global financial centre when hundreds of thousands of residents head for the door? The jury is still out on London after its Brexit- and pandemic-inspired exodus. Now it’s Hong Kong’s turn to pose the question. The UK started taking applications from January 31 under a new immigration program for Hong Kong residents, introduced in response to ...

At best, President Joe Biden’s new commitment to “Buy American” is largely symbolic and won’t change much in practice. At worst, it marks a real intention to raise new import barriers, and poses a threat to international cooperation on trade. In either case, it represents a failure to explain to the country where its interests really lie. On the face ...