Amid resurgent nationalism and talk of nuclear war, it’s been a rough year for global diplomacy. So a 10-party agreement to protect the waters of the planet’s far north qualifies as a minor miracle. For the next 16 years, commercial fishing will be prohibited in the central Arctic, a Mediterranean-sized patch of icy ocean more than 200 nautical miles from …

Punters who wanted to bet against Britain in the run-up to the Brexit vote thought they’d found the perfect target in Berkeley Group Holdings Plc, a London-focused homebuilder partly reliant on inflows of foreign capital to purchase it’s very expensive homes. Throw in a government decision to increase property transaction taxes and penalize purchases of buy-to-let homes, and you had …

Tax debates make for strange bedfellows. During the long, slow recovery from the Great Recession, Americans became accustomed to a familiar economic debate — Keynesians, usually aligned with the Democratic Party, would call for more government spending in order to stimulate the economy, while Republicans would call for cuts in outlays. Eventually, a compromise was reached, though dangerous theatrics were …