Maybe port logjams and semiconductor shortages weren’t such bad problems to have after all. CEOs have talked of little else for the better part of the past year, but these issues feel rather beside the point compared with the tragic loss of life wrought by Russia’s invasion of Ukraine and have largely dropped out of the headlines. For example, ...

  Long before the war in Ukraine, India’s Prime Minister Narendra Modi decided that international card networks could be used as instruments of statecraft — and that he should channel the rising economic power of his country’s 1.4 billion people to resist the dominance of Visa Inc, Mastercard Inc and American Express Co. “Everyone cannot go to the border for ...

  The Federal Reserve is in a deep hole of its own making as its top policy committee meets to announce the start of a long-anticipated cycle to raise interest rates. Inflation is at a 40-year high and still accelerating, the Fed’s inflation-fighting credibility is damaged, and it has lost control of the monetary policy narrative. Add to that the ...