Once the initial market relief plays out — that, even during an unprecedented ‘anti-establishment’ wave in both Europe and the US, French voters rejected a far right president in Marine Le Pen of the National Front — interest will shift to how relative newcomer Emmanuel Macron will manage to govern in a country accustomed to mainstream politics. And it ...

  India’s bad-loan crisis, afflicting almost 20 of banks’ assets, has moved tantalizingly close to a resolution. Giving the central bank the power to force lenders to shed soured debt is a welcome policy move. But a nine-month target to clear 60 large corporate delinquencies may be wishful thinking. The reason is an untested bankruptcy court. That’s a risk investors ...

  The stick doesn’t seem to be working, so now China’s waving carrots to bring the country’s burgeoning media landscape into line. The State Council and the Central Committee of the Communist Party of China plan to boost the development of online outlets by creating new media institutions and encouraging eligible websites to go public, the official Xinhua news agency ...