Tehran / AFP Iranian hardliners suffered another election setback on Monday with two leading conservatives ejected from the top clerical body, handing another victory to moderate President Hassan Rouhani whose reformist allies made gains. The public’s rejection of ayatollahs Mohammad Yazdi and Mohammad Taghi Mesbah-Yazdi when picking the powerful Assembly of Experts came as final results were also awaited for ...

Thumbing through the annual report of the White House’s Council of Economic Advisers (CEA) is always an education. This year’s 430-page edition is no exception. Crammed with tables and charts, it brims with useful facts and insights. —On page 62, we learn that the growth of state and local government spending on services (schools, police, parks) has been the slowest ...

G20 finance ministers’ disagreement in Shanghai over the best way to stem the economic slowdown had a cascading effect across the universe as hopes pinned on the summit dashed, sending a negative message to the equity markets. Despite being aware about the potential risks, the group’s communiqué did not include the call for coordinated action for which many had hoped. ...