While much of the world’s attention is fixated on North Korea and its nuclear ambitions, something with the potential to be equally globe-rattling is taking place, generally unnoticed, in South Korea. There, new President Moon Jae-in is charting an entirely contrary course in economic policy than much of the rest of the developed world. If successful, the experiment could alter …

It’s clear after election in Germany that the electoral failures of established socialist parties in Europe are not a few isolated events but a trend, an existential crisis for the center-left. There are few better illustrations of this crisis than Social Democrat leader Martin Schulz’s futile anger at Chancellor Angela Merkel in the aftermath of Sunday’s election. Schulz called her …

Bloomberg Amazon.com Inc., girding for competition from Apple Inc. and Google in the race to equip homes with smart devices, unveiled a slew of consumer gadgets including an Alexa-powered digital-home hub, a smaller and cheaper Echo speaker and a new mini Echo with a screen, called Spot. Though hardware products aren’t key to Amazon’s bottom line, they serve as important …