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Bloomberg It is a mark of the transformation going on at Thyssenkrupp AG that the most profitable operation at Germany’s biggest steel company is producing elevators not metal. The industrial giant, with roots dating to 1811, has poured research into its elevator unit to turn what was a sideline into a primary business. The strategy is Thyssenkrupp’s bid to survive ...

It’s time to take a brief break from Donald Trump. Whatever you think of him, there’s no denying that he dominates the news cycle. We seem to assume that the nation’s future depends on Trump’s fate, for better or worse. The reality is otherwise: The nation’s future also hangs on larger economic and social trends that no president can shape. ...

Alibaba Group Holding Ltd., already the largest Chinese company by market capitalization, is nothing if not ambitious. Its chief financial officer, Maggie Wu, recently told investors she expects revenue to increase by up to 49 percent next year, a staggering prospect. But perhaps more staggering is how Alibaba hopes to get there: In part, by tapping the US market. By ...

Ever since the U.S. announced its withdrawal from the Paris agreement, China and India have been hailed for firmly recommitting to the global emissions pact. The praise is fair: It’s good that two of the world’s three biggest greenhouse-gas emitters have renewed their promise to act. But if they really hope to lead on climate, they’ll have to be more ...

With Brexit negotiations, the British government has only the most tenuous grip on power. Amid paralyzing uncertainty, how can the main actors — Prime Minister Theresa May, opposition leader Jeremy Corbyn, and government leaders across the European Union — make their way forward? The main thing is to agree to reach a deal of some kind before the U.K. officially ...

China’s regulators, it seems, are on the attack. Guo Shuqing, chairman of the China Banking Regulatory Commission, announced recently that he’d resign if he wasn’t able to discipline the banking system. Under his leadership, the CBRC is stepping up scrutiny of the role of trust companies and other financial institutions in helping China’s banks circumvent lending restrictions. The People’s Bank ...

Like an Instagram filter that brightens an otherwise hazy photograph, the lens through which Goldman Sachs Group Inc. is looking at Philippine conglomerates might be a tad too radiant. The investment bank published a research report Monday calling on investors to show some love to the nation’s largest business dynasties, which it said are poised to benefit from rising consumer ...

To adapt Thomas Pynchon, if the wrong question is asked, the answer doesn’t matter. Today, the world seems to be consciously framing its energy problems in a way that avoids the right questions, and thus true solutions. Human advancement is intrinsically linked to the development of motorized power driven by fossil fuels. Unfortunately, the resource itself is finite and has ...

Bloomberg The pound sank with gilt yields as Britain’s central bank governor underlined his dovish stance in the face of Brexit. European stocks rose a third day amid a bullish mood for equity investors, and the dollar was steady as this week’s stream of Fed speakers continued. The UK currency weakened a second day as Bank of England Governor Mark ...

Bloomberg Asia stocks headed for a third day of gains after the S&P 500 Index rose to a fresh record high and a Federal Reserve official’s comment that US expansion has “a long way to go” boosted confidence in the world’s biggest economy. The MSCI Asia Pacific Index advanced 0.1 percent to 155.37 as of 4:55 p.m. in Hong Kong, ...