Britain’s ruling Conservative Party says it plans to establish a sovereign wealth fund. It’s a great idea — albeit one that comes decades too late, with North Sea oil revenue diminishing and the cupboard of U.K. assets available for sale to seed the fund already almost bare. Here’s what the party’s manifesto, released on Thursday ahead of the June 8 …

Investors dumped Brazil’s stocks and currency as the country’s ever-proliferating corruption scandal spread to President Michel Temer. This latest twist in a seemingly endless saga not only threatens to stall vital economic reforms but also comes close to showing that the corruption in Brazil’s government is literally beyond control. Proving otherwise will require drastic measures. Sitting federal lawmakers have put …

Former National Security Advisor Michael Flynn’s controversy continues to dog the White House. Flynn scandal has become towering predicament for Trump’s presidency. Trump fired Flynn in February as he misled Vice President Mike Pence about his contacts with Russia’s ambassador to Washington Sergey Kislyak before Trump took office. In 2015, Flynn received $30,000 to attend Moscow events, where he shared …