Andy Mukherjee In May, the South China Morning Post published a letter from a reader who wrote to say that Hong Kong’s Mandatory Provident Fund should be abolished as “it has failed on multiple levels from the perspective of ordinary citizens.” Replace it with a universal basic income, he suggested. Hong Kong was recently graded C+ in the Mercer CFA ...

Matthew A. Winkler Gavin Newsom is as familiar as anyone with the media narrative of earthquakes, persistent wildfires, droughts, homelessness and companies fleeing California to Texas for a tax- and regulation-free lifestyle. This is nothing new. California’s governor recalls a 1994 Time Magazine cover story citing “a string of disasters rocks the state to the core, forcing Californians to ponder ...

Nearly three-quarters of European consumers are cutting back spending on everyday items, including food, to make ends meet amid a worsening cost-of-living crisis. A new survey shows that 71% of consumers across six key markets in Europe have already made significant changes to how they shop as they battle to cope with inflation that is reaching levels not seen in ...