Cranks are considered cranks for a reason. That is the lesson from Sri Lanka, which has halted payments of its foreign debt and warned that it may default. The country’s ruling dynasty — led by President Gotabaya Rajapaksa and his brother, Prime Minister (and former president) Mahinda Rajapaksa — have lost most of their cabinet and parliamentary majority. Earlier this ...

  Singapore’s finance minister, Lawrence Wong, has solidified his place as the front runner to succeed Prime Minister Lee Hsien Loong. As the now-undisputed leader of a rising political class, the top job is his to lose. Just don’t expect the Lee era to end next month, or even next year. Wong’s ascent puts to rest a rare period of ...

  The political crisis that pitched Pakistan’s prime minister Imran Khan from office wasn’t just about the failure of his anti-corruption agenda and mismanagement of an economy where inflation running at nearly 13% has driven months of opposition protests. It’s also, as with so many of Pakistan’s political crises, about energy and exchange rates. For decades, heavy dependence on imported ...