Mervyn King, former governor of the Bank of England, has written the best article I’ve read on Britain’s exit from the European Union. In an essay for the New York Review of Books he makes many excellent points, but one is of surpassing importance. It’s an obvious point, or ought to be, that nonetheless has been almost entirely ignored ...

  Of all living things, why do humans alone create advanced technology? Not long ago, scientists thought it was because we are the only intelligent life form on this planet. That explanation alone no longer suffices. Over the last decade, scientists have discovered that crows can use tools, hyenas can cooperate to solve complex problems, jays can plan for the ...

  “Communism would have worked, if the Soviet Union had only tried it for real.” I must have heard this argument a dozen times from die-hard leftist friends. Marxist economists such as Richard Wolff and Stephen Resnick even wrote a book making exactly this claim. No doubt, true believers will be just as unwavering in the face of Venezuela’s collapse. ...

  Bloomberg Saudi Arabian stocks joined gains across most Gulf equities after the kingdom said it would let foreign investors take part in initial public offerings, boosting overseas access to the Middle East’s largest exchange. The Tadawul All Share Index added 0.2 percent at 1:23 p.m. local time, its second straight advance. Abu Dhabi’s ADX General Index rose less than ...

Bloomberg Nigeria is looking for investments of $7 billion in mining and steel over the next decade as it seeks to develop gold and iron ore extraction industries to diversify its oil-dependent economy. One of the government’s priorities is to meet its annual steel demand of 6.8 million metric tons, from a current output of a third of that, produced ...

  Paris / AFP Pokemon Go has sent millions of people onto the streets in a worldwide hunt for virtual monsters — and from neighbourhood restaurants to multi-national corporations, businesses smell a profit. “It’s going really well — this is the fourth time we’ve had to restock our Pokemon cuddly toys in two weeks,” said salesman Corentin Flamand, surveying a ...

  Relaxnews Fall 2016 promises another great lineup of smartphone releases with the IFA tech show, Apple’s keynote and various manufacturer launch events all in store to kickstart the season. Here’s a look at some of the mobile devices expected to land this year. A TOP-END PHABLET Unveiled early in August, the Samsung Galaxy Note 7 is up for release ...

  Bloomberg Dropbox Inc., the popular file-storage company, has met with advisers to discuss the possibility of an initial public offering as soon as 2017, according to people familiar with the matter. Management wanted to talk about the feasibility of a listing and get a sense of the valuation the company could fetch from public market investors, the people said. ...

  Relaxnews According to figures from Gartner, 344.3 million Android smartphones were sold worldwide in Q2 2016. This makes for a 4.3% increase in sales year on year. Samsung is still the undisputed market leader, selling no less than 76.7 million handsets in Q2 with a 22.3% market share. This puts the South Korean tech giant way ahead of Apple ...

  Bloomberg Xiaomi Corp., the once-hot Chinese smartphone maker, saw shipments tumble 38 percent in China in the second quarter as Huawei Technologies Co. took over the top spot in the world’s largest market. Xiaomi shipped 10.5 million smartphones in the quarter, down from 17.1 million in the same period a year earlier, according to research from International Data Corp. ...