This week was a vivid demonstration of the inability of conservatives to deliver results after the great populist revolts in 2016 in Britain and America. And it showed that there is a golden opportunity for liberals in both countries to tackle the public concerns that motivated the mistaken decisions to vote for Brexit and President Donald Trump. To put it ...

It took Emmanuel Macron just one speech to ditch his entire strategy for shaking up the euro zone. Upon his election, the French president pledged to respect the monetary union’s budget rules to regain credibility with Germany. Fiscal consolidation and structural reforms weren’t just a way to strengthen the French economy, they were also the key to unlocking significant reforms ...

Asos Plc’s Monday-morning disaster is only the start of British retail’s Christmas nightmare. The online clothing seller issued a severe profit warning on Monday. The shares initially fell 35 percent, amounting to an 800 million-pound ($1 billion) loss. A range of other chains were also dragged down. To some extent, it’s a surprise that the first seasonal shocker has come ...