North Korea’s test of an intercontinental ballistic missile changes the strategic landscape in Asia — yet the options for dealing with Pyongyang are as ugly as ever. The overriding need is to exploit these limited possibilities more thoroughly and creatively. The Hwasong-14 ballistic missile launched earlier this week could be capable of reaching Alaska, and a missile that can hit …

Ever since Britain voted to leave the European Union, analysts have debated the City’s fate. In 2016, the British financial services sector employed more than 1 million people (3.1 percent of all UK jobs) and contributed around 7.2 percent of the UK’s total gross value added, just over half of it from London. Any threat to the sector — and …

Something is stirring in the world’s iron ore markets. As of last Friday, benchmark ore delivered to China’s Qinhuangdao port was down 28 percent since the start of the year to $56.75 a metric ton. Then, suddenly, things changed: In just four days this week, it’s recovered more than a third of those losses to $64.71. Barring a major crash …