In India, crises move slowly. We’ve known for years that the state-controlled banks that dominate the financial sector were groaning under the weight of bad loans. For years, though, the government successfully kicked the can down the road. All those assets haven’t been accounted for yet, the banks haven’t been fully recapitalised, the bankruptcy process isn’t working to schedule, yet ...

Chinese regulators have stepped back from imposing hard-and-fast rules on how much banks must lend to the cash-starved private sector. Their exhortation isn’t going away, though, and that means investors in shares of lenders should prepare for more pain. Authorities will refrain from imposing specific targets for each bank and are urging firms to conduct appropriate due diligence, according to ...

Never before has one company’s failure had such a devastating effect on the world, wrote the technology journalist David Kirkpatrick. He continued: Racists, autocrats, and purveyors of hate and disorder have found Facebook the perfect medium for spewing poison, normalising it, and gaining adherents. … Societies around the world are reeling from the consequences. Politics and democracy are under duress. ...