Bloomberg Enbridge Inc’s battle with Michigan escalated as the governor took new legal action to shut down a key pipeline that supplies Central Canadian refineries. Governor Gretchen Whitmer filed a complaint in Ingham County Circuit Court seeking to “revoke and terminate” a 1953 easement that allows Enbridge to operate under the Straits of Mackinac, which connect Michigan’s upper and lower ...

India’s currency is strong, the stock market is surging, and long-term interest rates are under control. The technical recession that blighted the June and September quarters is probably already over. Prime Minister Narendra Modi has rolled out the red carpet for industries ranging from automobiles and solar panels to specialty steel. The iPhone supply chain is keen to set up ...

When Nobel Prize-winning economists Esther Duflo and Abhijit Banerjee urged France’s Emmanuel Macron in September to impose a tough three-week circuit-breaker lockdown to halt the spread of Covid-19 in time for Christmas, they were politely ignored. Macron’s health minister, Olivier Veran, dismissed such planning as “pie in the sky” and said lockdowns were to be avoided. Six weeks later, the ...