One of Asia’s most important annual economic gatherings still does not include India, a flaw that undermines efforts to expand trade and innovation throughout the region.

Italy’s populist government has relished defying the European Union, and its latest showdown with Brussels could threaten the continent’s fragile recovery—and the global economy.

Jair Bolsonaro has vowed to overhaul Brazil’s economy and align the country more closely with the United States, with uncertain implications for its relations with China.