If still-incomplete returns are correct, a straw-hat-wearing, giant-pencil-carrying candidate for a Marxist party has just narrowly won Peru’s presidential election. It’s a razor-thin margin that points to deep rifts and spells lasting instability for a country that is not only the No. 2 copper producer today, but has also been seen — until now — as a key source of ...

The US Federal Reserve’s new approach to managing inflation, unveiled last summer, makes a lot of sense: By seeking to achieve an average of 2% — that is, by allowing inflation to overshoot enough to offset previous undershooting — the central bank should be able to keep people’s expectations better anchored around the 2% target. But, unfortunately, the way the ...

Bloomberg Reopening more international travel routes from the UK will be “challenging” because the country must do everything it can to protect itself from new coronavirus variants, Health Secretary Matt Hancock said. Britain last week tightened restrictions on overseas travel, removing Portugal from its so-called green list in a major blow to the airline industry. Restoring travel in the medium-term ...