In its determination to do whatever it takes to ‘save coal,’ the Trump administration has never let public health or the climate stand in the way. Now it wants to go one better. Its latest sacrifice to the cause is simple economic efficiency. To stop the recent spate of coal-fired electricity plant closures, Energy Secretary Rick Perry wants power markets ...

The latest escalation of the crisis in Catalonia is a grave threat to Spain and a serious test for the European Union. The immediate priority should be moving back from the brink of violent confrontation, and the EU can help by urging restraint on Madrid. This was an avoidable breakdown. The Catalan leadership is chiefly to blame — first, for ...

India has long been faced with a slow-motion bank crisis. In particular, the state-controlled institutions that dominate the sector have a bad-loan ratio that’s almost twice as bad as their private counterparts. At last count, non-performing assets made up more than 10% of banks’ advances, and were growing ever faster. Naturally, banks faced with this burden aren’t exactly eager to ...