Opinion

  In Sydney last weekend, Vice President Mike Pence hailed the close economic ties linking the U.S. and Australia. In fact, currently America’s chief export to the Antipodes seems to be bad ideas. Last week, on the same day President Donald Trump took aim at the H-1B visa program in the U.S., Prime Minister Malcolm Turnbull abolished Australia’s own skilled-worker …

  The US navy flotilla is sailing towards Korean peninsula, the nuclear-powered USS Michigan, one of four Ohio-class guided-missile submarines capable of launching cruise missiles, arrived at the South Korean port of Busan, and US forces have begun installing THAAD, a missile-defense system in South Korea. Such military equipment build up is the ominous indicator of possible catastrophic events. Tensions …

  The launch of China’s second aircraft carrier, expected as soon as this week, will be an important and depressing moment for India. The ‘Type 001A’—likely to be named the “Shandong”—will give China an edge for the first time in the carrier race with its Asian rival, a literal two-to-one advantage. After decommissioning the INS Viraat earlier this year, the …

  What’s a mine worth? In theory, valuation could be based on the amount of salable metal it can produce. On that basis, Freeport-McMoRan Inc.’s Grasberg on the island of New Guinea is one of the best mines in the world, with the third-largest reserves of copper and one of the biggest gold deposits, worth more than $100 billion at …

  The story about a $400 internet-connected juicer that turned out to be superfluous since a human could simply squeeze juice from its producer’s proprietary packs by hand was destined to go viral and did, with more than 800,000 hits on the Bloomberg website and strong reactions in other publications. It’s evidence of a growing resistance to Silicon Valley-style innovation. …

  Voters in France’s presidential election are being asked to choose between supply-side economic reform, as offered by candidates like centrist Emmanuel Macron and center-right François Fillon, and demand-side reform, as promoted by the National Front’s Marine Le Pen and Jean-Luc Melenchon. The reality is that France needs both at the same time — one without the other won’t work. …

  India’s most valuable business is earning money hand over fist from oil. Yet what’s exciting investors about Reliance Industries Ltd. are its telecoms losses. Those should go some way toward creating the Indian equivalent of Verizon Communications Inc., the largest U.S. wireless carrier. Or at least that’s what the stock’s 38 percent jump this year in dollar terms is …

  The global economy is gathering momentum, the International Monetary Fund has declared. That’s probably correct and undeniably encouraging, but there’s an ominous discord between this economic expansion and what’s euphemistically called “political uncertainty” — that is, the stresses caused by surging anti-trade, anti-market, anti-immigrant populism. This “uncertainty” could be the prelude to some seriously bad policies, enough to derail …

  For centuries, Afghanistan has been a cauldron of chaos, conflict and anarchy. But the chaos has not been created or opted by Afghans. It has been engineered, exported to, and planted in the country. The foreign invasions in past decades, insurgency and civil war have totally destroyed Afghanistan, which has been haunted by great game between big powers jostling …

  When it emerged last week that China Minsheng Banking Corp. had sold $436 million in suspect wealth-management products, fears rose of a collapse in the loosely regulated market for such products. It now looks like a more mundane case of forgery involving a branch manager. But that’s not exactly reassuring: In fact, it suggests a different kind of systemic …