For leaders as well as friends, spouses and colleagues, grace is a precious characteristic. Whatever one thinks of Donald Trump’s policy choices, our nation has never had a president more lacking in grace. Whether or not Abraham Lincoln was the greatest American president, he was certainly its most gracious. On the eve of victory, Lincoln avoided triumphalism or crowing. Instead …

North Korea’s test of an intercontinental ballistic missile changes the strategic landscape in Asia — yet the options for dealing with Pyongyang are as ugly as ever. The overriding need is to exploit these limited possibilities more thoroughly and creatively. The Hwasong-14 ballistic missile launched earlier this week could be capable of reaching Alaska, and a missile that can hit …

Ever since Britain voted to leave the European Union, analysts have debated the City’s fate. In 2016, the British financial services sector employed more than 1 million people (3.1 percent of all UK jobs) and contributed around 7.2 percent of the UK’s total gross value added, just over half of it from London. Any threat to the sector — and …