For most Indians, the festival of Diwali is well worth the wait. Houses are brightly lit, boxes of sweets are exchanged—and accounts for the year are closed. The Hindu festival of lights also heralds the beginning of winter, the few months when the baked northern plains of the subcontinent become marginally more liveable. Except in India’s giant capital. Here in ...

President Donald Trump is about to select a new Federal Reserve chair. Whether it’s Jerome Powell, Kevin Warsh, or even current head Janet Yellen, the choice will mark a shift in Trump’s tenure leading the world’s biggest economy. That’s because the president, who railed against Yellen during his 2016 campaign, will now be assuming ownership of this credit cycle and ...

Since talks on the UK’s exit from the European Union kicked off in June, there have been five negotiating rounds backed by speeches, press conferences and shuttle diplomacy. And yet the UK and Europe are no closer to agreeing about what their future relationship should be, or even settling the divorce bill. Now the question is whether there will be ...