SEOUL – North Korea ironically offered US Vice President Kamala Harris a soft landing in South Korea today (September 29) by planting security rather than a prickly trade dispute at the top of her Seoul agenda. Harris arrived in the country after attending the state funeral for the late Japanese premier Shinzo Abe in Tokyo. […]
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US State Department spokesman Ned Price has chided Indian External Affairs Minister Subrahmanyam Jaishankar as regards the latter’s remarks last Sunday questioning the raison d’être of the US-Pakistan relationship. Yet some national dailies in India have rushed to attribute it to the US displeasure over New Delhi’s stance on the conflict in Ukraine. One daily rather […]
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JAKARTA – Indonesians have been given yet another reminder that corruption remains a drag on the country’s economy with a Supreme Court justice and the gambling-addicted governor of Papua under investigation for allegedly taking bribes and stealing from the public purse. Transparency International’s 2021 Corruption Perception Index ranks Indonesia 96th out of 180 ranked countries, a […]
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The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]
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The importance of semiconductors to economic security adorned newspaper headlines in 2022. As part of its technological competition with China, the United States has introduced a policy of “friendshoring” its semiconductor production to secure its supply of high-end chips that enable daily life and stock the inventory of major technology firms such as Apple. The […]
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Russian President Vladimir Putin’s announcement of a “partial mobilization” in the Ukraine war has triggered mass protests throughout the country and launched an exodus of Russian citizens fearing the draft. Many who previously supported Putin’s “special military operation” in Ukraine are now having second thoughts. But with the price of airline tickets skyrocketing and flights […]
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Protests continue to roil Iran after the shocking death of Mahsa Amini, a 22-year-old woman arrested by the morality police for an “improper hijab,” who is widely believed to have been beaten to death while in custody of the guards. Despite a crackdown that has so far claimed at least 76 lives, Iranians are not […]
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G7 financial markets avoided a threatened crisis September 28 when the Bank of England announced £45 billion of emergency government bond purchases. That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks. The British central bank, the world’s second oldest, had no choice: […]
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China’s government has unveiled new measures to help its exports keep growing in the second half of this year amid slowing demand in Europe and the United States. On Tuesday, China’s Ministry of Commerce said it would help exporters with export credit insurance and tax benefits, and make it easier for them to participate in […]
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MANILA – In a major policy reboot with potential long-term economic and geopolitical implications, new Philippine President Ferdinand Marcos Jr is cracking down on the Chinese online casinos that proliferated in the capital Manila and across the country under his controversial predecessor. This week, the Philippine Department of Justice (DoJ) announced it will close down […]
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