Like many a divorce, the UK’s separation from Europe threatens to get bogged down over money. While the UK wants to focus straight away on building a post-European Union identity, for the EU the first order of business will be the 60 billion euros the bloc says Britain owes it. Prime Minister Theresa May plans to formally trigger Brexit ...

  We may need to brace for the demise of America’s largest department-store chain. Hudson’s Bay Co., the Canadian owner of Lord & Taylor and Saks Fifth Avenue, is in talks to take over Macy’s, according to a report from The Wall Street Journal on Friday. It would be a spectacular end to a years-long struggle for what was once ...

  The International Monetary Fund’s involvement in Greece has been an unmitigated disaster: Time and again, its failure to heed crucial lessons has visited suffering upon the Greek people. When the fund’s directors meet on Monday, they should agree to forgive the country’s debts and get out. The IMF should never have gotten into Greece in the first place. As ...