When discussing countries that have undergone astonishing economic transformations — as, most notably, China has over the past few decades — observers usually credit success to industrialization. After all, that’s the visible consequence of rapid growth: Where sleepy fishing villages once lay, ports and factories and high-speed rail networks spring up. The people who lived in those villages are in …

Sour grapes. That’s a two-word description for the Singapore sovereign fund’s decision to slash its shareholding in UBS Group AG at a loss after nursing the investment for nearly a decade. But is the sale also a flashing neon ‘buyer beware’ sign for HNA Group Co., the Chinese aviation-to-hotels conglomerate that recently boosted its stake in another European lender, Deutsche …

The never-ending race to stay ahead of the terrorists and their obsession with aviation has turned to laptops and other electronic devices. First it was shoes, after a failed attempt to blow up a jetliner in 2001 with explosives-laden black hightops. Then liquids were banned in 2006 following the discovery of a U.K.-based plot. The nearly successful detonation of a …