A report in the New York Times that the US Cyber Command has intensified secret efforts to hack the Russian power grid is less interesting for its content than because of US officials’ apparent cooperation in publicizing the activity. Like any power grid undergoing a digital transformation, the Russian one is quite hackable – but why would the US want ...

Even as the fate of India’s shadow banks swings precariously between unexpected defaults and sudden downgrades, there’s trouble brewing in another unlit corner of finance. Exotic funds, designed for wealthy investors, have grown to $40 billion from nothing in just seven years, expanding by 71% in the 12 months through March. Since September, when the surprise bankruptcy of infrastructure financier ...

If it’s true that all political lives end in failure, then the same could be said for business. Carsten Spohr became Deutsche Lufthansa AG’s chief executive in 2014, made an impressive start, and had his contract extended to the end of 2023. He may regret signing up for that long. The German airline’s shares tumbled 12 percent on June 17after ...