Bloomberg The Brazilian presidential candidate with the most enthusiasm for privatising state assets quit the race, saying he had fulfilled his duty as a citizen. Flavio Rocha, the former chief executive officer of retail giant Riachuelo and candidate for the Brazilian Republican Party, had about one percent of vote intentions. “I am convinced that I helped inspire” entrepreneurs or those ...

It’s a mystery. The US economy seems strong. Since the nadir of the Great Recession, employers have added about 19 million workers. The unemployment rate is 4 percent, near the lowest level since 2000. By standard economic theory, the strong demand for labour should be pushing up wages. But that isn’t happening. Wage gains of 2.7 percent roughly match inflation. ...

In the seven months since Bitcoin’s price peaked, it has fallen by about two-thirds. But it’s still almost three times more valuable than it was a year ago: So what does the future hold for the world’s first and still most famous cryptocurrency? I see three basic scenarios: No. 1. Bitcoin Triumph: Bitcoin replaces the dollar (and probably other fiat ...