Christine Lagarde’s nomination as president of the European Central Bank takes Mario Draghi a step closer to the end of his term. The Italian academic will step down in October after eight momentous years, during which he made the ECB the most important institution in the monetary union. That doesn’t mean, however, that he should retire from front-line policymaking. A ...

India will need $1 trillion of infrastructure investment to nudge annual GDP growth higher by just half a percentage point in Prime Minister Narendra Modi’s second five-year term. Of this, at least 55 percent will have to come from public resources. Where’s the money? Those figures from an analysis by the Confederation of Indian Industry are the No. 1 challenge ...

Ever since the economist Milton Friedman claimed the sole responsibility of business was to maximise pro-fit, there’s been a lively debate about whether companies sh-ould have other, more socially beneficial aims. It’s pretty much accepted practice, though, for a firm to try to sell more of their products and services. To not do so is a good way to go ...