The economic policy proposals of Italy’s populist coalition have spooked the markets, which have driven up government debt yields. And yet the two coalition partners, League and the Five Star Movement, may be on to something with a proposal for a two-tier flat tax. Today, Italy has five income tax brackets with rates ranging from 23 percent to 43 percent. ...

Prepare for the great, but slow, unwinding of a Chinese leviathan. Anbang Insurance Group Co., the bailed-out owner of assets from New York’s Waldorf Astoria hotel to Dutch insurer Vivat NV, is sending out mixed messages. The conglomerate hired bankers at UBS Group AG and China International Capital Corp. to advise on potential divestments, Bloomberg News reported; yet the government ...

Big trucks are all the rage in India, but Tata Motors Ltd.’s fortunes are still riding on a luxury marque that isn’t quite built for the subcontinent’s roads. Medium and heavy-duty commercial vehicles have been the fastest-growing segment of India’s rapidly expanding auto market, with sales up more than 60 percent in May from a year earlier as transport companies ...