Less than a decade ago, the International Monetary Fund used to talk about Asian countries piling up too much in their currency- reserve stockpiles. The global financial crisis turned that conclusion on its head, and now that US interest rates are poised to keep climbing, the race is on to identify which countries have the strongest buffers against capital …

  President-elect Donald Trump has made a point of shaking things up. In domestic policy, this taste for disorder is risky. In foreign policy, it could be calamitous. Trump isn’t yet president, so it’s early to be drawing conclusions. But concern is warranted. Trump rejects the status quo in America’s relations with the rest of the world, and seems to …

  Thousands of dejected and distressed Syrians left the rebel enclave of Aleppo on Monday as the UN Security Council unanimously voted to deploy observers there. The council also announced the plan for a new peace talks in Geneva in February. Families in Aleppo had spent hours waiting in below-freezing temperatures, sheltering from the rain in bombed-out apartment blocks and …