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Foxconn EV push takes it back to future

Consider, if you will, a scenario where Foxconn Technology Group enjoys margins three times fatter than Apple Inc. That may be hard to imagine because the developer of iPhones is one of the largest companies in the world, earning close to $100 billion annually, while the one that makes those devices brings in 5% of that. But this was once ...

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Rajapaksa heartland is even broken in Sri Lanka

The road to Hambantota may be paved with Chinese money, but its value is up for debate — now more than ever. Set among the soft, green rice paddies and coconut palms of Sri Lanka’s deep south, Hambantota is best known as the stronghold of the nation’s Rajapaksa clan, who have spent years using borrowed money to build monuments to ...

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Central bankers find it tough to tackle inflation

  The Federal Reserve, the European Central Bank (ECB) and the Bank of England all preside over inflation rates that have surged to quadruple their 2% targets. One of their brethren is highly skeptical of their chances of success in calming price increases. It may turn out that they’ve been lucky rather than good in achieving price stability in recent ...

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