Like a lot of his plans, Donald Trump’s proposal for military spending is both abundantly clear and maddeningly vague. He wants to devote a whole lot more money to the Pentagon, as demonstrated by his budget outline and address to Congress. But the president’s plan is too ill-defined and arbitrary to make much sense. More military spending isn’t necessarily ...

  The trial of Jay Y Lee, the vice chairman of Samsung Electronics Co, in the bribery and influence scandal case began on Thursday. The prosecutors tried to prove Lee donated millions of dollars to charitable foundations controlled by Choi Soon Sil, a confidante of impeached South Korean President Park Geun hye, to help secure the control of Samsung Group. ...

  Bloomberg Co-Operative Bank Plc, the British lender that put itself up for sale last month, said it might look to raise as much as 750 million pounds ($912 million) by selling new shares and converting debt to equity if a buyer isn’t found. The bank may seek about 300 million pounds by selling new stock while asking bondholders to ...