China’s just-completed conference touting its Belt and Road initiative certainly looked like a triumph, with Russian President Vladimir Putin playing the piano and Chinese leaders announcing a string of potential deals and massive financial pledges. Underneath all the heady talk about China positioning itself at the heart of a new global order, though, lies in uncomfortable question: Can it afford …

What’s bad for Donald Trump could be great for European stocks. The scandal embroiling the US President should help a rally that’s seen returns from the benchmark Euro Stoxx 600 index surpass the Standard & Poor’s 500 index this year. For several years, the euro zone’s political backdrop has given global investors a reason, or an excuse, to be wary …

If this were, say, 1974, nobody would have batted an eye at the British Labour Party’s election manifesto. But in 2017, a program of renationalization, tax hikes, wage caps and other radically socialist fare isn’t just outdated and impractical; it’s painfully beside the point. This call to return the U.K. to an era of economic dysfunction comes at the country’s …