The European Union’s attempt to protect the environment by developing a complicated, wide-ranging definition of green investments has run into yet more problems. This time, it’s opposition from those who support a more incremental approach. A new draft of the bloc’s sustainable finance taxonomy, which seeks to catalogue only activities aligned with climate protection, includes some forms of unabated natural ...

A vigilante and a gambler walk into a bond market. No, that’s not the start of a new joke, just the comical look of India’s fixed-income saloon nowadays. There’s no dearth of liquidity, but the bartender — the central bank — is having a tough time getting orders for the good stuff even by cajoling and threatening customers. At the ...

German Chancellor Angela Merkel has been known to apologize publicly from time to time, both for what she considers her own mistakes and for government decisions that she feels are justified but that can make voters unhappy. The latest Merkel apology was special, though, because it came with an abrupt reversal of a decision Merkel had engineered in one of ...