Political dysfunction is unquestionably aggravating the UK’s Brexit nightmare. But the resignation of Prime Minister Theresa May, as some in her own party are calling for, would only make matters worse. The Tories will never agree about the European Union. What they need to do is get their divisions under some kind of control. At the moment, the increasingly assertive ...

India remains a land of missed opportunities. When Prime Minister Narendra Modi came into office in 2014, he raised hopes that he would reform administration, fix regulations, super-charge the economy and reinvigorate private investment. One can debate how much he’s accomplished on those fronts. But his record on one issue—fiscal restraint—had seemed impeccable. Helped by low crude oil prices, which ...

The best news Deutsche Bank CEO John Cryan had for shareholders is that, if you take out the whole banking part, there’s a really good business there. Deutsche Bank’s asset-management business, which accounts for about one-tenth of the company’s revenue, was the only unit to report a return on equity of more than 2 percent for 2017. Across the firm, ...