If a stock market is a mirror of a society’s state of mind, then the US is feeling exuberant right now. But in China, it is all about trepidation. Investors there are worried the government is going to mess things up. Both economies face the same set of problems: Supply chain disruptions, inflation pressures, the threat of rising interest rates. ...

Reinventing conservatism sounds like an oxymoron. How exactly would you reimagine a political philosophy that — as its intellectual father, Edmund Burke, expounded more than two centuries ago — largely consists of opposing radical reinventions? And yet a drastic rethink is what center-right politicians in much of Europe urgently need. After all, their main standard-bearer, German Chancellor Angela Merkel, is ...

Bloomberg British Airways parent IAG SA said cash flows turned positive in the third quarter and that North Atlantic demand has begun to surge as the US prepares to reopen its border to vaccinated Europeans next week. Long-haul bookings are now recovering faster than short-haul sales, with the premium leisure segment performing particularly strongly at BA and Spanish arm Iberia, ...