India’s bad-loan crisis, afflicting almost 20 of banks’ assets, has moved tantalizingly close to a resolution. Giving the central bank the power to force lenders to shed soured debt is a welcome policy move. But a nine-month target to clear 60 large corporate delinquencies may be wishful thinking. The reason is an untested bankruptcy court. That’s a risk investors …

  The stick doesn’t seem to be working, so now China’s waving carrots to bring the country’s burgeoning media landscape into line. The State Council and the Central Committee of the Communist Party of China plan to boost the development of online outlets by creating new media institutions and encouraging eligible websites to go public, the official Xinhua news agency …

  Emmanuel Macron, who started his own party En Marche! — or On the Move! a year ago, defeated National Front’s Marine Le Pen in France’s presidential election. The election threw up many surprises. Although Macron, a 39-year-old centrist, was projected as a winner by opinion polls, what is remarkable is that he became France’s youngest elected president just a …