Consistency in central banking is usually a virtue. But Brazil is proving that it’s not the highest virtue. One of the big features of monetary policy in the post-2008 era has been an increase in transparency among central banks, which were too secretive in the bad old days. Key to this transparency has been forward guidance, a clear telegraphing of ...

The sight of Meghan Markle’s mother carrying what looked like a Burberry outfit was enough to ignite speculation she’ll wear the brand to her daughter’s wedding. The British luxury group could certainly do with some Markle sparkle. Organic sales increased by an anemic 2 percent in the three months through March, trailing growth at rivals like LVMH Moet Hennessy Louis ...

Two and a half months after an inconclusive general election, Italy looks as if it will soon have a government — a populist coalition between two anti-establishment parties, the Five Star Movement and the League. Having won a clear popular mandate, the two parties must be given a chance to govern. But the program they have in mind is extravagantly ...