President Donald Trump reinserted himself into the Iran nuclear negotiations this week, with decidedly mixed results. Trump’s reiteration that he isn’t looking for regime change was welcome. As efforts to persuade Iran to scale back uranium enrichment intensify, it’s important for the regime to know that it faces no existential threat. The US hopes only to crimp its capacity to ...

Fifty years ago, India took a wrong turn leftward from which it is yet to recover: On July 19, 1969, the government took over the banking system, nationalising 14 banks which together controlled 85 percent of bank deposits. Today, even after a quarter century of liberalisation, state-controlled banks still control 70 percent of the sector’s assets. As a consequence, credit ...

The optimistic scenario about Netflix Inc. goes like this: The company is wise to spend like mad to create a new generation of entertainment service that capitalises on the inexorable shift of people away from old ways of wasting time like television towards new modes of wasting time like staring at smartphones. Eventually, the theory goes, Netflix will stop bleeding ...