Republican and Democratic leaders in the U.S. Congress seem willing to let the Trans-Pacific Partnership trade deal languish, and if anything’s certain about President-elect Donald Trump, he won’t push for it once in office. But even if the U.S. isn’t smart enough to share in the benefits, the pact is worth saving. The 11 other signatories should implement it ...

  More than a fortnight ago Indian Prime Minister Narendra Modi announced that country’s 500- and 1000-rupee notes were no longer legal tender. The decision was taken purportedly to curb black money menace. Initially, this was hailed by some as a masterstroke against endemic corruption. But, signs are emerging that it may hit the economy hard. Also, there are murmurs ...

  The European Union is going through painful contortions to put off keeping its promises of visa-free travel to neighboring countries. The promises were made in rosier, pre-Brexit, pre-Trump times. Now they’re a liability. One of the main reasons poorer countries in Europe want a closer relationship with the EU is for the opportunity of borderless travel. It’s a coveted ...