After a messy selection process, the European Union’s finance ministers have picked Kristalina Georgieva as their candidate to lead the International Monetary Fund (IMF). The Bulgarian economist, currently chief executive of the World Bank, has suitable credentials but it would be wrong of the IMF board to rubber stamp her nomination just because a European has always held the post. ...

Cuban socialism has survived the collapse of the Soviet Union. So however much pain the Trump administration means to exact upon the island economy through a new bout of sanctions, the imminent demise of the autocrats in Havana seems unlikely. No doubt, the recent US-imposed measures, including a ban on cruises, restrictions on remittances and a green light for aggrieved ...

To call it brazen would be an understatement. A year ago, the European Commission fined Google parent Alphabet Inc. 4.3 billion euros ($4.8 billion) and ordered it to stop making its search engine the default on Android-powered smartphones. The tech behemoth presented its remedy: it will ask other search engines to pay for the privilege. When setting up their handsets, ...