Europe’s leaders will face an awkward truth when they meet at a crucial summit on July 5. For much of the past decade they’ve been able to duck difficult decisions, secure in the knowledge that the European Central Bank (ECB) would step in and fix things. Mario Draghi did this repeatedly, first by providing a backstop to the monetary union ...

In a speech to a joint session of Congress shortly after his inauguration, President Donald Trump praised Harley-Davidson, the storied motorcycle manufacturer, as a great American company — the kind he most wanted to see succeed. Less than two years later, he is threatening to punish the firm for doing its best to survive his policies. This absurd turn of ...

The Chinese government has given the world’s airlines until July 25 to recognize Taiwan as part of China. So far, Delta Air Lines Inc. and American Airlines Group Inc. are among the very last holdouts. According to Bloomberg News, if the companies don’t comply, China could “prompt travelers from the mainland to boycott American airlines.” The airlines are understandably concerned ...