Bloomberg Chechnya’s leader Ramzan Kadyrov, who won a new five-year term last year, said it’s time for him to step aside and let the Kremlin choose a successor. A Russian official downplayed the statement as an emotional message meant to show he’s not clinging to power, the Interfax news service reported. “There was a time when people like me were …

By the middle of the century, nuclear-powered Chinese shuttles will regularly ply interplanetary space, carrying workers between mining colonies on distant planets and asteroids. If that, like much else published on the front page of the People’s Daily, the flagship newspaper of the Communist Party, sounds like propaganda, remember that China has in barely two decades built up what’s arguably …

It took just 24 hours for politics and optics to trump economics and common sense. Recently, I suggested that India was striking the right balance by preventing only “wilful” defaulters from bidding for their own assets in bankruptcies. Since with most of the country’s $207 billion of impaired loans, there’s no proof of malfeasance by the controlling shareholders—or promoters as …