Strange what qualifies as good news from the White House these days. President Donald Trump’s order on tariffs was more limited than first threatened and reassuringly vague. So yes, it could have been worse. Trump has given ground in the face of frantic representations from many Republicans and leaders of American business. “We’re going to be very flexible,” he says. ...

The potential for a trade war between the US and China may be intensifying, but don’t forget the innovation war. Although the US has stopped short of labeling China a “Strategic Competitor,” the Trump administration has effectively perpetuated the myth that China only excels by stealing intellectual property from others. Investors shouldn’t believe the rhetoric. With the world’s largest cashless ...

The expectations could not have been higher. After the election of Emmanuel Macron in France, there was hope that the euro zone could finally press ahead with an overhaul of its economic governance, which would make it more resilient in a crisis. The contours of the planned deal were very clear: Fiscally conservative countries, such as Germany, would agree to ...