Former deputy head of the Bank of England’s Prudential Regulation Authority Paul Fisher has made an emphatic remark: Climate change could trigger the world’s next financial crisis. This should ring alarm for the policy makers. Fisher has warned that sudden repricing of assets due to climate change could hugely affect businesses across the globe. His comments come close on ...

There’s a backlash against globalization underway in many Western countries. Although Americans still say positive things about international trade and immigration, political candidates like Donald Trump and Bernie Sanders have gotten a lot of support for opposing both to a degree that would have been unthinkable a decade ago. Meanwhile, trade deals like the relatively innocuous Trans-Pacific Partnership are suddenly ...

  India’s Tata group of companies, which sells everything from salt to software, is known for being, well, old-fashioned. Genteel, even. It tries very hard to avoid any sort of controversy. That’s why the sudden removal of the group’s young chairman, Cyrus Mistry, and his replacement by his predecessor, Ratan Tata, is particularly startling. Apparently, not even Tata Sons Ltd., ...