The European Central Bank’s (ECB) decision-making governing council will on Thursday, a month after the Brexit, assess market turmoil shock triggered by the Leave vote. Though volatility has subsided, it is widely believed that the extent of economic damage is still unclear. ECB President Mario Draghi and his colleagues look forward to an uphill task to decide what to …

  Eli Lake After the horror at Nice, perhaps the most depressing comment came from France’s prime minister. Calling for unity in the face of terror, Manuel Valls observed: “Times have changed, and we should learn to live with terrorism. We have to show solidarity and collective calm.” If this sounds like resignation, it shouldn’t. Valls is no squish. After …

On July 12, the Permanent Court of Arbitration (PCA) at The Hague handed down its long-awaited ruling on a case brought by the Philippines against China regarding the South China Sea. Judging by the international reactions to the ruling so far, the consensus (outside China at least) has been that this is “a huge win“ for the Philippines and a …