In Southeast Asia, mobile banking is taking on a whole new meaning. Last week, Grab, one of the region’s top ride-hailing companies, announced that users of its app can start sending credits—used to pay for rides—to each other. By the end of the year, they’ll be able to use those credits at more than 1,000 restaurants and retailers. If all ...

Few doubt that the British economy will be severely hurt if the UK leaves the European Union without a new agreement on trade and regulation. But there are risks for the EU, too. One that’s received too little attention concerns bank resolution. A cliff-edge Brexit could make it much harder for EU authorities to impose losses on investors in the ...

French President Emmanuel Macron has accomplished more in six months than his predecessor managed in five years. Trouble is, that’s a low bar — and Macron will need to keep pushing if France’s economy is to achieve its full potential. Macron’s first phase of reforms addressed the country’s 3,000-plus pages of labor rules. The changes are aimed at lightening the ...