It’s no secret that India’s banking regulator hates having its officials sit on the boards of state-run lenders. The practice exposes the Reserve Bank of India (RBI) to all kinds of potential conflicts it would rather avoid. So when the RBI used its special powers to appoint a former deputy governor as a director of Yes Bank Ltd., a non-state ...

Start with the good news: Some 150,000 migrants sought to enter Europe illegally last year. That represents a 92% drop since 2015. The number of people seeking asylum in 2018 was 646,000, less than half of what it was three years ago. In numerical terms, Europe’s migration crisis is over. Politically, the issue remains as divisive as ever. Ahead of ...

Fossil-fuel advocates have a favorite rejoinder to those who predict a global shift to renewable energy: Coal has never been more popular. It’s a decent argument because it happens to be true. While coal-fired power has declined by nearly a quarter in Europe and almost 40 percent in North America over the past decade, the change has been overwhelmed by ...