The construction of Nord Stream 2 — a pipeline for delivering natural gas from Russia to Germany — could hardly have come at a worse time. The United States and Europe are already feuding over trade, defense spending. Now, the US opposition to the pipeline sets the scene for another falling out. To be clear, the US is right to ...

Russia is preparing to sell bonds denominated in euros for the first time since 2013. Despite the recent drop in oil prices, it has a budget surplus and doesn’t really need to borrow; the bond placement is a test of the ‘dedollarisarion’ program, put in place by President Vladimir Putin this year. If the test and the plan are successful, ...

Every nation’s economic output moves up or down along a long-term trend, fluctuating in accordance with seasonal patterns, business and financial cycles and random shocks. In addition to those variables, the growth of India’s GDP now depends crucially on which party was in power when the activity occurred – and under which party it was measured. Disagreeing about the future ...