Three months ago, Gadfly advised India’s state-run banks to stop lending because they didn’t have the capital to keep up appearances. That was before the surprise November 8 cash ban, which led to a deluge of low-cost deposits into the system. Add a government eager to dispel criticism that getting rid of 86 percent of the currency in circulation …

  The high seas — all that deep water beyond 200 nautical miles from a coastline — are this planet’s last frontier. And like all previous frontiers, they’re ripe for plunder. But there may be a surprisingly simple solution to the scourge of overfishing on the high seas: a ban on commercial fishing in international waters. The proposition may sound …

  North Korean leader Kim Jong Un claimed in his New Year’s message that the development of banned intercontinental long-range missiles is in ‘final stages’. US president-elect tweeted the following day: it won’t happen. Kim also vowed to further enhance his country’s military capability unless the US ends war games with rival South Korea. Trump is confident that Pyongyang will …