The racketeering lawsuit brought by General Motors Co. against cross-town rival Fiat Chrysler Automobiles NV is a legal bombshell for the US car industry. GM’s broadside lays out in forensic detail how Fiat allegedly conspired over many years to funnel payments to United Auto Workers’ officials, corrupt the collective bargaining process on wages and thus secure a competitive advantage. In ...

Christine Lagarde has taken the helm of the European Central Bank (ECB) at a time of rising skepticism over the power of monetary policy. Critics say that the central bank has no tools left to bring inflation back to its target of close to, but below, 2%. The ECB is now a helpless bystander, they claim, as the power to ...

Investors are turning their back on fossil fuels. Sweden’s central bank sold its holdings of sovereign debt issued by Canadian and Australian local governments dependent on fossil fuel extraction, the Riksbank said. A day later, the European Investment Bank said it would stop providing funding for conventional fossil fuels by 2022. One response might be to yawn. Divestment has “reduced ...