Bloomberg As South Sudan’s main combatants prepare to join forces to end a brutal five-year civil war, recent fighting involving a renegade military officer suggests the conflict may be far from over. Thousands of civilians have fled their homes in Yei state in the southwest of the country this year, witnesses to alleged murders and looting as government troops battle ...

Economists tend to think of central-bank interest rates purely in terms of their effect on macroeconomic benchmarks such as inflation, output and unemployment. The Federal Reserve’s dual mandate, for instance, directs it to seek stable prices and maximum employment. Mainstream macroeconomic models, such as the dominant New Keynesian models used by most central banks, support this view. Occasionally, economists or ...

Once British lawmakers finally decide what kind of Brexit they want, the pound surely ought to break out of the tight range in which it has traded against the euro since Britain voted to leave the European Union (EU). Just don’t expect too sharp a collapse if it really comes to a messy, no-deal Brexit. It helps that the pound ...