Commentary Globalization is not necessarily a bad thing. Current problems aside, the globalized supply chain is largely a win-win. It permits manufacturers in some countries to pick and choose the best subcontractors and components, while allowing companies in other states to specialize and build up core competencies. Consequently, we have “world cars,” with parts produced…

Goldman Sachs said on Sunday it received approval from China’s securities regulator to take full control of its mainland securities business. The U.S. bank said it would buy the remainder of Goldman Sachs Gao Hua Securities Company Ltd. (GSGH), and rename it as Goldman Sachs (China) Securities Company Ltd. The migration of its onshore business…

Toyota Motor Corp. and Mazda Motor Corp.’s joint venture factory in the United States will hire 1,700 additional employees as it ramps up production, the companies said on Thursday. Mazda Toyota Manufacturing, which has started making the 2022 Toyota Corolla Cross model, expects to have 4,000 workers in total by next year, when production of…