One of the few bright spots for international investors following the U.K.’s June vote to quit the European Union was the swift establishment of political stability. David Cameron’s decision to fall on his sword threatened a divisive battle for control of the ruling Conservative government; instead, Theresa May emerged unchallenged and triumphant as her rivals dropped away. That stability, …

  The latest U.S. easing of regulations on commerce with Cuba is good news, not least for fans of rum and cigars. But it’s also a sign that President Barack Obama’s drive to normalize relations is approaching the limits of his authority. With this new initiative, Obama has done about as much as he can to lighten the burden of …

  Under a pledge made in 2009 in Copenhagen, the rich countries are supposed to give $100-billion annually to poor nations from 2020. This money is to be used in climate change mitigation. The 38 developed countries — who had signed the vow back then — on Tuesday said that they were “confident” of meeting the target. There was initial …