On one side of the Atlantic, Tesla Inc. is capitalising on its soaring share price by selling $2 billion in stock so it can build more electric vehicles. On the other, French manufacturer Renault SA has been forced to cut its dividend by 70% and announce a big reduction in fixed costs so it can afford to do the same. ...

Like many of you, I’m sure, I read Ross Douthat’s essay on “The Age of Decadence” in Sunday’s New York Times while sprawled on a chaise, picking at my smashed avo and laudanum. Stirring from the languor, I wondered: How does energy fit with this thesis? Our energy system is decadent at a fundamental level. Roughly four fifths of what ...

The decision to exclude shares of China’s biggest e-commerce company from a cross-border trading link is a blow to Hong Kong. Is it a punishment, or simple self-interest at work? The answer matters, both for the city’s exchange and for Alibaba Group Holding Ltd. Alibaba can’t be included in the stock connect program linking Hong Kong with the Shanghai and ...