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Nato will adopt, release a new strategic concept

As the leaders of the North Atlantic Treaty Organization (Nato) nations prepare to meet this week in Madrid, I’m reminded of a call I received shortly after I became supreme allied commander at the alliance in 2009. It was from Secretary General Anders Fogh Rasmussen, and with the directness for which he was famous, he said: “Jim, I want you ...

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Malaysia’s talent is fleeing to Singapore

Malaysia’s economy is cranking up after the pandemic. Land borders with Singapore have reopened, bringing in millions of visitors. Kuala Lumpur’s notorious traffic jams are back and shoppers are flocking to malls. The revival also has a rich irony: So many workers have left for better-paid jobs in the country’s wealthy southern neighbour that businesses are struggling to meet demand. ...

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Are floating cities the answer to sea level rise?

  Thanks to climate change, sea levels are lapping up against coastal cities and communities. In an ideal world, efforts would have already been made to slow or stop the impact. The reality is that climate mitigation remains difficult, and the 40% of humanity living within 60 miles of a coast will eventually need to adapt. One option is to ...

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China’s Xi sends mixed messages to investors

  A company is in distress. Its financials are in shatters. Its brand value is being questioned. The chief executive officer has a broad blueprint to revamp and he has the support of some board members. But for a complete re-branding, he needs the approval of the chairman first. This is a process that distressed assets managers are all too ...

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The eternal optimism of SoftBank’s Masayoshi Son

  There’s a $60 billion reason why SoftBank Group Corp. founder Masayoshi Son might feel a little down. His company has shed more market value in the past year than during any 12-month period over the past two decades, while his portfolio of private and public companies faces continued turmoil. And yet, Son remains unfailingly optimistic. “I have no doubt ...

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The UK’s rail strike is a warning for US

President Joe Biden declares his loyalty to organized labor at every opportunity. His fiscal stimulus, infrastructure plan and numerous executive orders have delivered favors and accommodations. When Apple retail workers in Maryland voted recently to unionize, he said: “I am proud of them. Workers have a right to determine under what conditions they are going to work or not work.” ...

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The EU should think hard about admitting Ukraine

  At a summit in Brussels, leaders of the European Union’s 27 member states approved Ukraine’s candidacy for membership in the EU. The decision will boost the morale of Ukrainians fighting to defend their democracy. For now, however, it’s less clear that enlargement to Ukraine is in the best interests of Europe as a whole. Ukraine’s reasons for seeking EU ...

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What Joe Biden should do about inflation

  President Joe Biden and his allies in Congress are rightly concerned about surging prices. High and persistent inflation has surprised most policy makers, including at the Federal Reserve, and has defied easy fixes. The only sure solution is to curb demand, as the Fed is beginning to. Doing that without tipping the economy into recession will be quite a ...

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Is it time for Europe to declare a war economy?

The next step in the conflict between the West and Russian President Vladimir Putin was supposed to be a European boycott on Russian coal, oil and natural gas. It may instead be a gas embargo by Putin on Europe. It comes to much the same. The countries of the European Union (EU) must accept what some of them — notably ...

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Faster progress a must for long Covid

Long Covid is making it hard for millions of Americans to return to normal life, pushing some out of the workforce altogether, sometimes permanently. Yet medical efforts to figure out how best to help these patients are proceeding only slowly. Research has zeroed in on a few probable causes of long Covid, perhaps the most intriguing of which is the ...

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