Predictably and sensibly, a three-judge panel of the nation’s second-most important court, the US Court of Appeals for the DC Circuit, recently dismissed, unanimously, a lawsuit brought by a Yemeni man, two of whose relatives were collateral fatalities in a 2012 US drone attack that killed three terrorists. The suit asked the court to declare the attacks illegal under several ...

Traders in India are so convinced that slowing inflation will lead to a rate cut that the central bank’s increasing intervention in the bond market isn’t bothering them. Benchmark 10-year yields, which fell to a two-week low on Wednesday, will probably continue their decline after data showed consumer-price gains slowed to a record low, according to Kotak Mahindra Asset Management ...

Federal Reserve Chair Janet Yellen’s prepared testimony for her semi-annual report to Congress made clear that central bankers are struggling to understand the recent downward trend in inflation. Still, it is important to remember that the path of monetary policy depends not just on inflation, but also on unemployment. Yellen knows this, and it would be a mistake to interpret ...

The conviction of former President Luiz Inacio Lula da Silva on corruption charges shows how far justice has come in Brazil. Yet Brazil’s next and stiffer test is in ensuring that allegations about current President Michel Temer receive a full and transparent investigation, and that the execution of justice is not reduced to back-room politics. Brazil’s future — the future ...

The New York Times ran an article over the weekend about efforts by utility companies to fight the spread of rooftop-solar power: Rooftop solar panel growth has come to a shuddering stop this year, with a projected decline in new installations of 2 percent. Since 2013, Hawaii, Nevada, Arizona, Maine and Indiana have decided to phase out programs that spurred ...

It’s easy to poke fun at Britain’s government dysfunction. But there’s at least one policy area where it’s having a sophisticated debate with global implications: how to regulate ‘gig economy’ companies such as Uber Technologies Inc. and Deliveroo so they don’t exploit workers or skimp on taxes. Working out new rules for companies that use smartphones to connect buyers and ...

I am giving you permission: You can safely ignore Amazon’s Prime Day, the annual fake shopping holiday Jeff Bezos invented two years ago. True to form, Amazon released a crush of mostly useless statistics about the “success” of its invented holiday. Prime Day 2017 was the “biggest global shopping event in Amazon history”. Prime Day couldn’t even be contained by ...

Bloomberg Stock markets in the Gulf were mixed on Sunday with the global uptrend in equities pushing Dubai’s index up to test technical resistance but weak corporate earnings hurting Oman. The Dubai index gained 1.0 percent in modest trading volume to close on its April peak of 3,573 points. Eight of the 10 most heavily traded stocks rose, with the ...

Bloomberg Chinese President Xi Jinping said the central bank will play a stronger role in defending against risks, calling for more work on safeguarding the financial system and modernizing its regulatory framework. China will set up a Financial Stability Development Committee under the State Council, Xi said at a twice-a-decade National Financial Work Conference held July 14-15, state media reported ...

Bloomberg Wells Fargo & Co. is no longer releasing the customer account figures it started disclosing after a scandal in September erupted over employees creating fake accounts to reach sales goals. Wells Fargo had been reporting 19 measures of client activity monthly, including the number of retail bank customers opening and closing checking accounts or applying for credit cards. Just ...