Opinion

Before it results in a tragedy for all of India’s banking, regulators need to step in and end the farce called Yes Bank Ltd. The latest shenanigans make it very clear that the authorities need to stop being spectators — and act. The original cast has vanished. The co-founder who drove the country’s fifth largest private-sector bank into a ditch ...

Timing is everything in investing, a refrain the ambitious Li Shufu might want to heed. The Geely Group has held preliminary talks about a possible investment in Aston Martin Lagonda Global Holdings Plc, the high-end but encumbered British carmaker of James Bond fame. Billionaire Lawrence Stroll, owner of the Racing Point Formula One team, is also among the investors looking ...

For more than 30 years, scientists have tried to inform governments and the public on the urgent threat of global warming, working hard — as scientific norms demand — to acknowledge honestly the limits to what they know. It hasn’t worked. As a recent report from the United Nations Environment Program shows, global carbon dioxide emissions have gone up, not ...

President Ronald Reagan liked to tell a joke about a hopeful little boy pawing through a big pile of horse dung under his Christmas tree, saying cheerily: “With all this manure, there must be a pony in here somewhere.” Observers have a similar problem with President Trump’s Iran strategy. They keep looking for something solid, as Trump lurches back and ...

It has been a cold, hard winter for Italian government debt. The country has been the euro zone’s worst performer; for the first time its bonds are yielding more than their Greek equivalents with maturities longer than three years. Italy’s is the only European bond market whose yield spread has widened compared to the struggling German benchmark over the past ...

Kohl’s Corp.’s holiday season sales miss suggests even the most promising turnaround strategies won’t be enough to save department stores. Shares of Kohl’s fell as much as 9.4% in early trading last week after the company said same-store sales in the all-important November and December period declined. Kohl’s blamed the 0.2% sales drop on softness in women’s apparel, which CEO ...

Australia’s bushfires have given officials plenty of cover to do what they should be doing anyway: ramp up fiscal spending. A lot hinges on whether they can get comfortable with the idea. An area larger than Ireland has been destroyed, at least 25 people are dead, 2,000 homes have been razed, and 25 million acres of forest and bush have ...

One of the most interesting sessions I attended at last week’s American Economic Association meeting was a panel titled “Making global markets work for American workers.” The discussion, featuring economists Dani Rodrik, Kimberly Clausing and Josh Bivens, laid out the problems with free trade, the shortcomings of US trade policy during the past few decades and some suggestions for improvement. ...

Every once in a while, a single anecdotal data point captures the hearts and minds of bond traders. Often, it confirms their beliefs about the direction of the economy. It seems one such data point was a report this week that Taco Bell, the fast-food chain that sells double-stacked tacos for $1, would soon be offering a $100,000 salary for ...

And you thought Boeing Co. couldn’t possibly have another “what were they thinking” 737 Max moment. Last week, the airplane maker released a stunning batch of internal messages that paint a disturbing picture of employees’ efforts to avoid more rigorous scrutiny of the troubled Max and ensure only minimal training was required for pilots. The employees derided certain airline customers, ...