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The new chief executive of Uber Technologies Inc. is on a crusade to repair a corporate reputation that’s been badly damaged by scandals over its treatment of women and broader corporate culture. Dara Khosrowshahi even apologized after London’s transport regulator revoked Uber’s local license because of failures to run proper background checks on drivers and report alleged crimes. Losses last ...

Warren Buffett may have won his decade-long bet against hedge funds, but can his advice to investors to use only low-cost index funds beat the red-hot record of wealth managers? Readers of the 2017 Capgemini World Wealth Report, released on Thursday, will be shaking their heads. High-net-worth individuals reported an average 24 percent return last year on assets managed by ...

With Puerto Rico sweltering in the dark, restoring electricity as soon as possible is vital to averting a humanitarian disaster. The island’s long-term recovery, however, will depend not only on repairing its battered grid but on reforming its feckless power company. The Puerto Rico Electric Power Authority, the biggest public utility in the US, is notorious for its mismanagement and ...

As she builds her new coalition government, German Chancellor Angela Merkel will be mindful of the need to counter nationalism at home and the imperative of finding a consensus on integration in the euro zone. But the election also exposed a demographic rift that could present an even bigger challenge to Germany’s leaders: between a graying population that backed the ...

Picking stocks is famously difficult. But just how difficult is one of the oldest arguments in finance. New York Times columnist Jeff Sommer reopened the debate last week with a piece describing a recent study by an Arizona State University business professor, Hendrik Bessembinder. Bessembinder looked at the performance of publicly traded stocks in the US from 1926 to 2016 ...

A few months ago, no one would have noticed British opposition leader Jeremy Corbyn’s address at the annual conference of his Labour Party. But that was before he engineered its biggest increase in vote share since World War II after Theresa May gambled on a snap election and lost her majority. The election, Corbyn told the Labour faithful, “has put ...

KHOBAR / Reuters Saudi Arabia and Russia plan to set up a $1 billion fund to invest in energy projects, Russian Energy Minister Alexander Novak said in a interview broadcast by Al Arabiya TV on Monday. The fund, to be finalised during this week’s visit by Saudi King Salman to Moscow, was part of efforts by two of the world’s ...

Bloomberg Kuwaiti officials are considering an annual public spending cap of 21 billion dinars ($69.5 billion) on average over the next three fiscal years to help the government plan future debt sales, a senior official said. The cap is being included in a proposed budget for the fiscal year starting in April, the official said, asking not to be named ...

Bloomberg China’s independent refiners burst onto the international oil market scene only a couple of years ago and lifted the nation past the US as the world’s No. 1 crude buyer. Now, a new generation of firms building some of the globe’s biggest plants are threatening to eclipse them. The original set of private processors, known as teapots, is clustered ...

Bloomberg State-run generator NLC India Ltd is offering to reduce tariffs from two of its power plants after its main buyer asked the company to lower prices or shelve the projects, according to two officials with knowledge of the matter. NLC has offered to bring tariffs down by about Rs0.5 per kilowatt hour, taking a hit of 1.5 percentage point ...