Bloomberg India’s attempt to land a probe on the moon’s southern pole failed, dealing a major blow to its ambitious space programme. The country’s space agency lost communication with a lander and a rover near the satellite’s surface, minutes before a scheduled touchdown. The Chandrayaan-2 craft’s descent was normal until an altitude of 2.1 km (1.3 miles) before communication was ...

If the trade war’s objective is to even the playing field for American firms, President Donald Trump isn’t going about it the right way. China’s easy access to US dollars over the past decade has fuelled asset bubbles, driven an overseas debt binge and laid the groundwork for its low-cost, export-driven economy. Only cutting off the supply of cheap money ...

The US Federal Reserve has developed a pretty poor track record for meeting its inflation and employment goals. If it wants to do a better job, it should follow Canada’s example and set some deadlines. More than four decades ago, Congress mandated that the Fed’s monetary policy pursue two objectives: price stability and maximum employment. In January 2012, the central ...