Fifty-six years. That’s how long it would take if the one dozen companies the Indian central bank is pushing into bankruptcy were to repay creditors by handing over their entire current operating income. For India’s capital-starved commercial lenders, at the receiving end of much of this $37 billion of unpaid debt, waiting for even 56 days without a resolution isn’t ...

With its 98-2 vote to expand sanctions against Russia, the U.S. Senate has effectively served notice on two great powers in Washington: Russia, which may have to face new costs for its meddling in the 2016 U.S. election; and President Donald Trump, who will have to contend with congressional input on U.S. policy towards Russia. The bill, which also strengthens ...

For several years the European Union has heaped criticism on the governments of Poland and Hungary for flouting EU rules and undermining EU values. So far, it’s been mostly talk. Lately the violations have mounted. Support for some kind of punishment is growing, and a showdown seems to be looming. Yet the EU is finding that it lacks good — ...