President Joe Biden’s economic plans promise to split the US economy between industries that increase productivity and industries that provide mass employment. This is a reasonable response to the pressures the US is facing from changes in technology and the global economy. But it also risks creating social divisions between the people who work in the two types of industries. ...

India’s beleaguered blockchain industry has finally got some solid support to ensure its survival, with an influential industry evangelist evoking the vision of a billion smartphones acting as gateways to the brave new world of decentralised finance. In this world, Wall Street’s capabilities will be available to everyone, according to angel investor Balaji Srinivasan, formerly the chief technology officer at ...

Credit Suisse Group AG’s incoming Chairman Antonio Horta-Osorio inherits a firm reeling in both financial and reputational terms from its entanglements with Archegos Capital Management and Greensill Capital. There’s one decision that shouldn’t take long for him to make: Freeing the Swiss bank’s asset management unit to take advantage of the current hot market for money management firms. The division ...