How IMF turned the world against the British pound

By:
On:
In: Asia, Business, Finance

Everyone from political pundits to people on the street have issued forth on the new UK government’s tax cut-laden growth plan recently. But it was a rare public rebuke from the International Monetary Fund (IMF) that really impacted financial markets. Days after the government made its mini-budget announcement, the IMF warned that “large and untargeted […]

The post How IMF turned the world against the British pound appeared first on Asia Times.

Continue Reading

US-Philippines drawing closer on defense of Taiwan

By:
On:
In: Asia

MANILA – For the first time, top defense chiefs from the United States and the Philippines personally joined detailed operational planning in the US Indo-Pacific Command in Honolulu, Hawaii, in a move to bolster their century-old alliance. The unprecedented joint planning came almost exactly a week after Philippine President Ferdinand Marcos Jr’s first personal meeting […]

The post US-Philippines drawing closer on defense of Taiwan appeared first on Asia Times.

Continue Reading

Why the US isn’t happy with Turkey or India

By:
On:
In: Asia
Turkish President Recep Tayyip Erdogan (L) and Indian Prime Minister Narendra Modi greet each other after an exchange of agreements during a joint press conference in New Delhi on May 1, 2017.Photo: AFP/Prakash Singh

A mild flutter ensued after Indian External Affairs Minister Subrahmanyam Jaishankar’s recent meeting with his Turkish counterpart Mevlut Cavusoglu on the sidelines of the UN General Assembly (UNGA) session in New York on September 21 when it came to be known that Cyprus figured in their discussion. Jaishankar highlighted it in a tweet.   The Indian media […]

The post Why the US isn’t happy with Turkey or India appeared first on Asia Times.

Continue Reading

Sri Lanka’s unsustainable external debt patterns

By:
On:
In: Asia

To a large extent, Sri Lanka’s economic crisis is an outcome of the nation’s reliance on creditor nations and multilateral agencies for managing its chronic fiscal and current-account deficits. The country’s ratio of external debt to GDP has been above 50% for a long time. The debt structure is also fragile as short-term debt and […]

The post Sri Lanka’s unsustainable external debt patterns appeared first on Asia Times.

Continue Reading

With Nord Stream gone, where will Europe get its gas?

By:
On:
In: Asia

Accusations continue to fly about the cause of major leaks from the two Nord Stream pipelines transporting gas through the Baltic Sea from Russia to Europe. Until this latest development, Russia had maintained that Western sanctions were behind disruptions to supply from the Nord Stream 1 pipeline, as maintenance and repair of essential equipment could […]

The post With Nord Stream gone, where will Europe get its gas? appeared first on Asia Times.

Continue Reading

Were Nord Stream explosions really a military accident?

By:
On:
In: Asia

On September 27, two explosions severely damaged Russia’s Nord Stream 1 and Nord Stream 2 pipelines near the Danish island of Bornholm, setting off wild speculation about possible sabotage.  Another two breaks in the pipeline, a tad to the north in Sweden’s Air Defense Identification Zone (ADIZ), were later identified but no explosions were reported.  […]

The post Were Nord Stream explosions really a military accident? appeared first on Asia Times.

Continue Reading

Japan to lend Micron a big subsidy helping hand

By:
On:
In: Asia

Japan’s Ministry of Economy, Trade and Industry (METI) has announced its intention to contribute up to 46.5 billion yen (US$321 million) to support the production of Micron Technology’s most advanced DRAM memory chips in Hiroshima. The subsidy, announced on September 30, should boost the competitiveness of both Micron and Japan’s semiconductor industry vis-à-vis South Korea’s […]

The post Japan to lend Micron a big subsidy helping hand appeared first on Asia Times.

Continue Reading

China racing for 6th-gen fighter edge over US

By:
On:
In: Asia

China claims to be making steady progress on its 6th generation fighter jet, potentially tipping the Pacific air balance of power in its favor vis-a-vis the US if it fails to keep pace with its rival program. While there is no universally-agreed definition of what constitutes a 6th generation fighter, the type will likely feature […]

The post China racing for 6th-gen fighter edge over US appeared first on Asia Times.

Continue Reading

US pushes ‘rule-based disorder’

By:
On:
In: Asia

Upon becoming president of the United States, Joe Biden immediately set forth to promote “rule-based international order,” ostensibly for the world community, but the message was really intended for China. The “world order,” according to Biden, was for Beijing to conduct its foreign affairs in line with Washington’s expectations. Now into the second year of […]

The post US pushes ‘rule-based disorder’ appeared first on Asia Times.

Continue Reading

China drops the gauntlet on NSA’s serial cyberattacks

By:
On:
In: Asia, Technology

China’s top cybersecurity authority has accused the US National Security Agency (NSA) of stealing information from a top Chinese university through a trojan virus, an allegation that threatens to escalate already high and rising bilateral tensions. China’s National Computer Virus Emergency Response Center (CVERC) claimed in a recent report that NSA’s Office of Tailored Access […]

The post China drops the gauntlet on NSA’s serial cyberattacks appeared first on Asia Times.

Continue Reading