Federal Reserve Chairman Jerome Powell was right in making clear during his Congressional testimony that despite the strong jobs report for June, the central bank will cut interest rates for the first time since 2008 at its monetary policy meeting. He was wrong in dismissing the need to reduce rates by half a percentage point. By lowering its target for ...

The stereotypical view that the European Union is far from the minds of most Europeans is challenged whenever a technology-related topic is on the agenda of the European Parliament. Over the 10 years that I served there, few battles for legislative outcomes were more fiercely contested. But the attendant controversies often lead to protracted processes, ambiguous laws and ineffective regulation. ...

India’s insolvency tribunal has made a dangerous decision. Unless its judgment is quashed, credit costs for India Inc. will surge, shares of state-run banks will swoon and foreign investors will flee. The case concerns the country’s most high-profile bankruptcy, Essar Steel India Ltd. Insolvency judges recently ruled that creditors whose claims are backed by collateral won’t get preferential treatment in ...