The fight between Italy and the rest of the European Union (EU) over Rome’s rule-defying budget has only just begun, but it’s already causing serious damage. Above all, the dispute is delaying Europe’s plans to strengthen the monetary union. That’s an effort that cannot wait — because a crisis in Italy might test the resilience of the euro zone like ...

That obsolete smartphone stashed away in a drawer or closet may not look like a national security risk, but the Trump administration is contemplating treating it as one. Unscrupulous Chinese recyclers and manufacturers could transform old phones into “counterfeit goods that may enter the United States’ military and civilian electronics supply chain,” according to a draft rule. To prevent that ...

Indonesia has just delivered a strong – and unexpected – dose of confidence to foreign investors. The central bank was sufficiently worried about the rupiah’s slide that it raised interest rates for the sixth time this year. Only three of 31 economists surveyed by Bloomberg News had predicted an increase. With the benchmark at 6 percent and a projected inflation ...