A recent judgement by the US Supreme Court has undermined its nation’s claim to global leadership. The Court decided that the Environmental Protection Agency (EPA) may not use some policy tools to reduce greenhouse- gas emissions, arguing that such regulation would be so transformative it would need an explicit mandate from Congress.

Poor people are thoroughly researched, but we know very little about billionaires. A book by an American journalist sheds light on their anxieties.

The Russian attack on Ukraine is unacceptable. Everything President Vladimir Putin has been saying in recent days shows that his mindset is narrowly nationalistic – and paranoid.

Western business papers have a stubborn, but misleading tendency of portraying India’s Prime Minister Narendra Modi as a liberal reformer who unfortunately happens to have some authoritarian tendencies. It is actually the other way round. He is an authoritarian leader who has never shown much interest in market dynamics, but does have a tendency of pandering to powerful corporate interests.