Those who make it into Xiongan will benefit from a new experimental pension scheme, housing system and method of land distribution. But the system is not without its flaws

Buy now, pay later is booming. While critics are right to worry about borrowers—who tend to be younger and less creditworthy than average—reaching new customers is generally a good thing Illustration: Álvaro Bernis

America’s shale revolution turned it into the world’s largest oil producer. But the country’s shale fields are now ageing. The next chapter in the growth of the global oil industry may take place to its south

As other companies begin to master the technology of driverless cars, Uber’s new strategy is to make deals with as many of them as possible

America will pay the price for Trumpian tariffs. Growth was underwhelming and inflation disappointingly high in the first half of the year. But the full toll of the dismal new policy will be felt over the long term Photo: AP

How to keep calm and carry on

To remain relevant in the AI age, consulting firms need to adapt. This means rethinking whom they hire and how they nurture them

Vladimir Putin no doubt considers the summit an achievement, especially without having offered a clear promise to end the war. But there is no way of knowing whether he is serious about peace or is playing Donald Trump along

India is becoming Apple’s factory floor, with nearly one in five iPhones assembled there. Yet this also shows how far the country still lags behind

America’s Navy has commissioned new sensors with resolutions and refresh rates capable of tracking hypersonic targets, which existing systems lack