Three years on from the UK’s vote to quit the European Union (EU), its failure to come up with a realistic plan for how to withdraw is pretty farcical. Officials at the Bank of England aren’t laughing, though. Mark Carney, the bank’s governor, has gone slowly on raising interest rates as he waits for the fog of Brexit to clear. ...

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% ...