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International Monetary Fund boss Kristalina Georgieva has ridden out data-rigging allegations. Now she has got a lot to prove. Keeping the job isn’t enough for any ambitious leader with an eye on legacy. The IMF’s executive board late on Monday expressed its confidence in the Bulgarian economist after a multi-meeting review of allegations that she ...

It’s time for Jamie Dimon, Charlie Scharf, Andrea Orcel and David Solomon to take one for the team. The bosses of JPMorgan , Wells Fargo , UniCredit and Goldman Sachs , respectively, head the last of the big western financial groups yet to sign up to the so-called Glasgow Financial Alliance for Net Zero, an umbrella organisation that requires members to set meaningful decarbonisation commitments. As they mull joining, these holdouts may want to recall 2008.

European governments have a tremendous gas problem. Soaring prices of the fossil fuel have inflated the cost of electricity. UK power for delivery in November now exceeds 300 pounds per megawatt hour, an all-time high. There’s a near-term fix, but it requires politicians with a taste for market risk. Leaders like British Prime Minister Boris ...

Former Chinese Premier Wen Jiabao called China’s economy “unstable, unbalanced, uncoordinated and unsustainable” 14 years ago. Whether he foresaw that China would one day be beset by a massive real estate bubble, over-investment, excessive buildup of debt and a wobbly credit system is not known - but it has come to fruition. China Evergrande , the stricken Chinese property developer, has long existed at the intersection of these imbalances. By setting up Evergrande to fail, President Xi Jinping has shown that he intends to grasp the nettle. As China’s bubble economy deflates, it will ...