It’s heretical to say so, but Russia has earned its current success in the Middle East. It’s using the same mix of military and diplomatic tools that made the United States dominant in the region for so many decades. America didn’t lose this battle for influence; it surrendered. President Trump’s efforts to dress up his retreat from Syria as a ...

In March 2017, as the UK prepared to notify the European Union of its intention to leave, the French newspaper Liberation splashed a picture of a traditional British Queen’s Guard on its front page with the headline: “Brexit: We already miss you!” Just below was the qualifier: “Or not.” That pretty much sums up France’s attitude towards Brexit Britain. It’s ...

Bernard Arnault knows you don’t get trophy assets at bargain prices. His luxury goods company LVMH Moet Hennessy Louis Vuitton SE will probably have to pay top dollar to win over shareholders in Tiffany & Co. after making a $14.5 billion proposal to buy the US jeweleler. If a deal happens, LVMH investors will need to put faith in Arnault’s ...