Greg Ip

COPENHAGEN and STOCKHOLM—Sweden's central bank has been worrying about what cashless consumers would do if an emergency such as a Russian cyberattack took down the electrical or communications grid. And so as of July, Swedish consumers can buy essential g... See more

The spike in French bond yields is mostly driven by the country's crushing debt and politicians' inability to agree on a solution. And, perhaps, the remote prospect of a truly extreme solution: default. In August far-left leader Jean-Luc Mélenchon, a cand... See more

For those with long memories, news that some private credit funds have capped withdrawals brings to mind the summer of 2007, when a European bank limited withdrawals from funds stuffed with securities linked to subprime mortgages. The global financial cri... See more

Trump lost on tariffs, but trade will never be the same U.S. trade policy will be less chaotic, but it won’t go back to what prevailed before 2025. President Trump still has three years left in office. Yet the Supreme Court’s ruling Friday that most of hi... See more

“There are decades where nothing happens; and there are weeks where decades happen.” The quote, often attributed to Lenin, aptly describes the first weeks of 2026. Over the last generation, several assumptions undergirded international relations and comme... See more