Opinion

Biden is best candidate to beat Donald Trump

Joe Biden’s limitations as a presidential candidate are so obvious that they’re almost a litany: He’s too old, too white, too male, too touchy-feely, too loquacious. But he has one huge plus: He may be the person who could move Donald Trump out of the White House. Biden rightly put the obligation of replacing Trump at the center of his ...

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Why Abe should postpone tax hike

With Japan’s economy softening, its central bank needs to at least consider further steps to support growth. There’s one major hurdle, however, and only Prime Minister Shinzo Abe can remove it. A 2 percent hike in consumption tax, scheduled for October, would shore up Japan’s fiscal position and thus its ability to pay for an aging population. Yet this plan ...

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5G struggles of Huawei make Nokia’s life harder

You’d think all the pressure on Huawei Technologies Co. would make life easier for archrivals Nokia Oyj and Ericsson AB. In some senses, things have got harder. The US has intensified criticism of Huawei over the past year, saying its network equipment is vulnerable to exploitation by Chinese state-sponsored actors. That’s led to various bans in Australia, New Zealand and ...

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Brexit’s financial turf war is entering a new phase

Rarely have policymakers seemed so keen to snap the links that connect global markets, even at the risk of economic self-harm. Theresa May’s dogged pursuit of a Brexit that takes Britain out of the European Union’s (EU) single market and customs union is an obvious own goal, considering the City of London’s global position. The UK’s intransigence has already sent an ...

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India’s secret stimulus should be a warning sign

India’s Prime Minister Narendra Modi has an election to fight. So naturally, his government is touting statistics that show 7 percent gross domestic product (GDP) growth in the fiscal year that ended last month, despite skepticism from the International Monetary Fund (IMF) among others. As for jobs, the official version is that since there’s such high growth in output, they ...

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Why central banks in Asia region can’t pull the trigger

Asia’s central bankers should consider themselves lucky: Unlike their counterparts in the West – with a few exceptions – they have the scope to combat an economic downturn and low inflation through traditional tools. What they may lack, though, is the will to use those assets en masse rather than the ad hoc efforts to date. India made a surprise ...

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London’s road-blocking protesters will not stop

Measured by attention received, or noise made, London’s climate change protests have been a rousing success over the past week. As ever, there are doubts about whether the campaign of civil disobedience will make any real difference; but it does pose questions about the limits of democratic politics in the age of legislative gridlock. With their banners, their graffiti, their ...

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US must break out of its ‘terrorism fatigue’

One disturbing aspect of the Easter Sunday bombings in Sri Lanka was that the slaughter of 321 victims came at a time when America is suffering what might be described as “terrorism fatigue.” The wars against Al Qaida and the IS extremists are part of a painful past that policymakers and the public want to escape. Those Middle East conflicts ...

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The real crisis risk at the ECB

The euro zone has only recently recovered from a double-dip recession, but there are already questions about how prepared it would be for a new crisis. All eyes are on the European Central Bank (ECB), which has been the strongest line of defense against an economic slowdown. While pessimists worry that the ECB has few tools left if it needs ...

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Britain’s embrace of Huawei is about Brexit

British Prime Minister Theresa May’s decision not to ban Huawei Technologies Co. outright was the easier choice. That doesn’t mean it was the right one. The US has been vociferously pushing for countries to exclude telecommunications equipment made by the Chinese firm, saying it’s vulnerable to hacking by state-sponsored actors from its home nation. But Huawei also has some of ...

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