Opinion

  Leonid Bershidsky “Please tell me I’m still sleeping and this is all just a bad nightmare,” former Finnish Prime Minister Alexander Stubb tweeted after waking up to the U.K. referendum results. It feels like a betrayal, but it’s really a wake-up call. The millions of Britons who on Thursday voted their distrust of the European Union are not the …

Jackson Ewing SPECIAL TO EMIRATES BUSINESS The major economies of Northeast Asia are developing carbon markets to help meet their climate change commitments. They would benefit from doing so in concert. Like much in the current climate change arena, market activities beneath the global scale are booming. Carbon markets have almost doubled since 2012, with 40 states and 23 cities, …

  Akhilesh Pillalamarri SPECIAL TO EMIRATES BUSINESS In 19th century Europe, the old concert of great powers, states which had been dominant since the end of the Napoleonic Wars, was shaken by the rise of two new powers: Germany and Italy, both of which had recently been unified. As was to be expected, the rise of two new powers put …

A panel of Asia experts recently conveyed to American audiences the alarm that Asian observers feel about U.S. withdrawal from the region. Gathering in New York on Monday for a panel hosted by NTT and Kinokuniya — a Japanese publishing company and book store, respectively – the experts discussed a wide range of divisive issues in Asia’s security landscape – …

  It is a tough time for major automakers hit hard by scandals over concealing faults that cause pollution. These revelations have a negative impact on investors and consumers as executives try to contain mistrust through redressing these technical errors, but at a huge price. Volkswagen’s admission in September that it had illegally fitted special devices in 11 million diesel …

  Luke Hunt SPECIAL TO EMIRATES BUSINESS While the police were counting the toll in Orlando left by Afghan-American Omar Mateen – who shot dead 49 people – the authorities in the southern Philippines were attempting to identify Canadian Robert Hall, who was kidnapped and this week killed by Abu Sayyaf militants. Mateen and the Abu Sayyaf were Islamic State …

  Cal Wong SPECIAL TO EMIRATES BUSINESS The Indonesian Navy intercepted a Chinese vessel that was caught illegally fishing in Indonesian territory off the Natuna Islands on Saturday, June 18. Indonesian Navy spokesman First Admiral Edi Sucipto said the seven crew members of the Chinese vessel were detained. This is the third incident in the Natuna Islands involving Chinese vessels. …

  In opening up sectors from aviation to defense to 100 percent foreign ownership this week, India’s government is clearly hoping to signal that its reform drive is revving up again. Next on the agenda may be one of the most far-reaching new measures in years: a long-awaited, nationwide goods-and-services tax, or GST. India’s Aspirations Sceptics have reason to roll …

  Since the middle of 2014, cyberattacks by China-based hacking groups against the U.S. government and private sector have declined, according to a June 2016 analysis by the U.S. cybersecurity firm FireEye. A FireEye team reviewed the activities of 72 hacking groups purportedly operating out of China or supporting Chinese state interests from the beginning of 2013 to June 2016. …

  Shah Meer SPECIAL TO EMIRATES BUSINESS The China-Pakistan Economic Corridor (CPEC) has attracted attention all over the world. Politicians and analysts say CPEC will reshape the geopolitics of the region and bring unprecedented economic development to Pakistan. For China, CPEC is a vital part of its much larger One Belt, One Road (OBOR) initiative, a game-changing project which aims …