The European Union says it wants clarity on whether U.K. Prime Minister Theresa May is serious in her pledge that “Brexit means Brexit.” That clarity would be good for Britain as well as the rest of Europe, and there’s a simple way to get it: Extend the two-year deadline triggered by formal notification of the decision to leave the …

  Brazil has overcome the Olympics challenge in style, but now comes the bigger challenge: to sustain the benefits ensuing from the Games. Before the mega sporting event started, many were sceptical about the country’s ability to put up a good show. The worst recession facing the nation, shooting inflation, swelling unemployment and the political upheaval caused by impeachment of …

  The Indian government’s decision to elevate a well-respected deputy governor at the Reserve Bank of India to become the country’s next central banker is, frankly, a bit of a relief. The naming of Urjit Patel comes after months of quite unnecessary drama — first over whether current RBI chief Raghuram Rajan and the government were getting along, then whether …