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

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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 […]

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China drops the gauntlet on NSA’s serial cyberattacks

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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 […]

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Amit Shah the de facto prime minister of India 

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Kingship knows no kinship.” This old Indian saying is attributed to Aurangzeb, the Mughal emperor who murdered his own three brothers to take the throne. It is a sad fact, even in the competitive Indian politics of today. Politicians use any strategy to gain control. The present ruling party in India is a classic example. It is […]

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British pound debacle worsens Asia’s woes

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TOKYO — When Larry Summers says it’s bad, you know it’s bad. Ex-Treasury Secretary Summers made his bones amid the wreckage of the 1997-98 Asian financial crisis. Summers was a key member of the financial fire brigade tending to — and at times making worse — a blazing meltdown that left big scars. As such, […]

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Central banks flinch as UK bond market faces collapse

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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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The many ills plaguing Singapore’s chipmakers

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SINGAPORE – Robust demand for Singapore’s electronics and semiconductors during the pandemic fueled the city-state’s fastest economic expansion in over a decade and big-ticket investments in chip-making capacity. Now, the notoriously cyclical semiconductor industry is in the grip of a deepening downturn as geopolitical and inflationary headwinds buffet the global economy.   Chip makers in […]

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