On Wednesday morning, the three men led a group of more than 20 world leaders as they strode towards a rostrum in Tiananmen Square in Beijing to watch a victory day parade marking the end, eight decades ago, of a global conflict that would soon usher in the first cold war. When Wednesday's celebrations end, however, the regimes in Beijing, Moscow and Pyongyang will be left to confront significant domestic challenges that might yet shift their focus from global power politics.
World shares are generally higher after most stocks on Wall Street fell following a disappointing report that said inflation was worse last month at the U.S. wholesale level than economists had expected.