Closing a leveraged buyout in Germany can be as painful as pulling teeth. That isn’tdeterring KKR & Co. as it tries to grab a stake in the country’s most influential publishing business. The US private equity firm’s 6.8 billion-euro ($7.7 billion) deal to take Axel Springer SE private with its founding family comes with some big compromises. They only highlight ...

For four years, India has battled the suspicion that its new and improved GDP series is a rose-tinted view of reality. Now that Narendra Modi is prime minister for a second term, he must see that battle for what it is: a lost cause. Unlike harmless advertising puffery around a toothpaste that kills 99.9% of germs, the narrative of 7% ...

The other day, US President Donald Trump retweeted my column about overtourism in Europe. I’d simply accept the extraordinary publicity of the presidential retweet, if he hadn’t claimed in his tweet that an undervalued euro is the reason Europe faces an excess of tourists. That, in my view, is largely inaccurate; a weak euro really isn’t the story behind Europe’s ...