Bloomberg Emmanuel Macron became the youngest president of France on Sunday, leading a country where economic malaise and security concerns drove extremist parties to their highest-ever scores in this year’s election. Macron is the eighth directly elected president of the Fifth Republic, after assuming the role in a ceremony at the Elysee Palace in Paris. “For decades France has doubted …

Globalization has gotten a bad rap. The Trump White House associates it with all manner of economic evil, especially job loss. The administration has made undoing the damage a central part of its economic strategy. This will almost certainly fail and disappoint, because globalization’s ill-effects have been wildly exaggerated. A new report shows why. It comes from the Peterson Institute …

There’s growing evidence that China is finally scaling back its epic borrowing binge. That’s important for a lot of reasons, not least for reducing risk and avoiding a financial crisis. The question is whether the government can sustain the pain. Regulators in Beijing are well aware of the risks that excessive leverage poses, and have tried many times over the …