A self-confessed “man of many flaws and contradictions,” the Philippines’ new president-elect, Rodrigo Duterte, now has the tough job of uniting the country. However, the tougher job will be convincing everyone that the Philippines is not regressing and his polices are indeed fit for a modern democracy. The former mayor of Davao City used his first press conference since …

  The economic problems in southern Europe are deep and painful, but they are not unsolvable. Some of them are already beginning to mend. A case in point: Italy, which has started to grow again after enduring a nasty recession. Then there’s Greece, which looks like it’s headed for a new round of trouble. Although its crushing debt and crippling …

  BLOOMBERG U.S. stocks slipped while the dollar advanced with yields on two-year Treasuries after data on inflation and housing signaled the U.S. economy may be strong enough for the Federal Reserve to raise rates this summer. The S&P 500 Index retreated after a Monday rally took it past its average price for the past 50 days. The U.S. currency …