A year ago, Didi Chuxing Inc., China’s largest ride-sharing company, looked like a quintessential “national champion.” It had driven Uber Technologies Inc. from the local market, attracted investment from Apple Inc. and was contemplating a Hong Kong IPO worth as much as $80 billion. State media coverage was fawning, government support was all but assured and the company’s near-monopoly looked ...

India’s economy is slowing, inflation is sputtering and the central bank is cutting interest rates. But the cost of long-term money is refusing to budge. The reason, in a single word: elections. Polls will be called any day now. Prime Minister Narendra Modi probably would have liked to make his reelection bid with less distress in the farm economy and ...

Google, Amazon, Facebook and Apple – or “GAFA,” as they’re known in France – are easy to group together in the European imagination. They’re big, they’re American and they’ve tended to pay relatively little tax, thanks to legal loopholes and a business model that exists largely in the virtual world. Frustrated governments have tried to use the courts and the ...