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Alphabet is a money making mystery but it really works

Investors are getting constant reminders that it’s not cheap for tech giants to stay on top. Alphabet Inc. reported that its third-quarter revenue increased 21.5% from a year earlier, excluding payments to Apple and other partners that carry Google’s ads or funnel web-search traffic to the company. This continued the company’s nearly uninterrupted trend of quarterly sales gains of 20% ...

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Italy’s Salvini is back with a vengeance

Matteo Salvini is back with a vengeance. The leader of Italy’s right-wing League had disappeared from the political limelight after he tried and failed to force a new election in August, falling out of government. A triumph in a local election has shown that he’s primed for a return. Italy’s right-of-center coalition — made up of the League, the Brothers ...

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India economic slump is structural, not cyclical

If the India story isn’t dead, it’s certainly on life support. The economy grew at 5% in the last quarter for which data is available, leading to a rash of downward recalibrations of growth for the full financial year. (India’s financial year begins on April 1.) Most recently, the Economist Intelligence Unit suggested that growth in 2019-20 will be 5.2% ...

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