Opinion

Following their assertive actions in the East China Sea in recent years, Chinese foreign policymakers now find themselves under considerable pressure. China’s expansionist strategies in the East and South China Seas have earned Beijing widespread criticism from the international community. When Japanese foreign minister Fumio Kishida visited Beijing in April, his Chinese counterpart, Wang Yi, was not happy. One of …

  Swiss watchmakers sailed into a perfect storm this year. The industry, which generates more than $20 billion in exports, was buffeted from all sides — largely by circumstances largely beyond its control, but it’s increasingly clear that the decline will continue unless the industry changes the way it designs and markets its products. In January through June, the exports …

  Shigeki Sakamoto SPECIAL TO EMIRATES BUSINESS On January 22, 2013, the Philippines submitted its disputes with China over the Spratly Islands to arbitration under Annex VII of the United Nations Convention on the Law of the Sea (UNCLOS). Prior to this action, on August 25, 2006, China lodged a declaration with the Secretary-General of the United Nations stating that …

  Xue Gong SPECIAL TO EMIRATES BUSINESS On the first day of June, a central State-owned Enterprise (CSOE), Cindare Property, affiliated with the Ministry of Finance, placed a bid for the land in Gu Village of Shanghai at the price of 5.805 billion yuan. Its premium was over 303 percent, setting a record for the highest property deal and creating …

  WASHINGTON In the uproar following the attempted military coup in Turkey, relations between Washington and Ankara, already badly strained, appear to be headed for new difficulty. The immediate test will be Turkish President Recep Tayyip Erdogan’s demand that the United States extradite Fethullah Gulen, an exiled Turkish Muslim leader blamed by Erdogan for the coup attempt. Obama administration officials …

  Triumphant Turkish President Recep Tayyip Erdogan seems to consolidate his full authority to weed out those behind the botched coup in Turkey. To accomplish the job, the authorities imposed a three-month state emergency to protect the democracy amid concerns from western allies who call for fair trials. Taking into account these concerns, the authorities were quick to assure them …

  Franz-Stefan Gady SPECIAL TO EMIRATES BUSINESS Indian defense firms could benefit from a recent $38.8 billion Australian-French submarine deal by becoming subcontractors for Australia’s so-called SEA 1000 Future Submarine Program, an Australian official told The Economic Times on July 20. “India and Australia as decided during PM Narendra Modi’s visit to Australia in 2014 have ventured into the areas …

  Aurelia George Mulgan SPECIAL TO EMIRATES BUSINESS There are both modern and historical parallels to be drawn in the wake of China’s strident rejection of the Hague Tribunal’s ruling on its territorial claims in the South China Sea. In its relentless strategy of using power to expand China’s territory in the South China Sea, the Xi administration has been …

  As the U.K.’s new prime minister, Theresa May, met with Chancellor Angela Merkel of Germany on Wednesday to open informal Brexit talks that European Union leaders insisted would not take place, the key question concerns the strength of the negotiating positions. Both May and Merkel are no-nonsense leaders, and their interaction won’t be driven by emotion: It’ll be about …

The U.K. decision to quit the European Union appears to be slowing the global recovery. But the government’s policy response put the domestic economy on a stronger footing than before, limiting Brexit’s negative impact on the rest of the world. Britain, previously Europe’s poster child for austerity, has an opportunity to augment the Bank of England’s monetary-policy efforts with some …