Theresa May will be remembered as the prime minister who couldn’t deliver Brexit. But she also leaves her successor another testing legacy: her failure to confront what she has called the UK’s “burning injustices.” Britain is a rich country by any definition, but it scores badly on a range of social measures. Income inequality is higher than in many comparable ...

A report in the New York Times that the US Cyber Command has intensified secret efforts to hack the Russian power grid is less interesting for its content than because of US officials’ apparent cooperation in publicizing the activity. Like any power grid undergoing a digital transformation, the Russian one is quite hackable – but why would the US want ...

Even as the fate of India’s shadow banks swings precariously between unexpected defaults and sudden downgrades, there’s trouble brewing in another unlit corner of finance. Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March. Since September, when the surprise bankruptcy of infrastructure financier ...