Opinion

Uber should beware the DUD behind Indian expansion

  It’s great that Travis Kalanick is seeking leadership help, though the Uber Technologies Inc. CEO might need advice in another area. Let’s call it DUD — distressed Uber debt. After a dashboard video of Kalanick’s spat with a driver, Fawzi Kamel, went viral last week, the co-founder of the ride-hailing service offered “a profound apology” and promised to change ...

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Trump’s un-American travel ban, part II

  President Donald Trump’s latest executive order restricting immigration from several majority-Muslim countries is less sweeping and careless than his last one, which federal courts put on hold last month. But even if it withstands judicial scrutiny, it is still un-American and unwise — and if it doesn’t, the president needs to resist his impulse to lash out. The new ...

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Beijing-Seoul crisis deepens over THAAD

  Militaries of US and South Korea announced US missile launchers and some components of the controversial Terminal High-Altitude Area Defense System, or THAAD, arrived in South Korea, a step to deter belligerent North Korea. But the move has not only angered North Korea, which continues to pursue a broad range of nuclear missiles, including those fired from road mobile ...

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What IMF doesn’t know about Ukraine economy!

  The conflict between Ukraine and Russia entered a new phase recently. The separatist, pro-Russian “people’s republics” of eastern Ukraine announced they were taking over Ukrainian oligarchs’ assets on their territory. Few people outside Ukraine know that throughout the three-year hostilities, these factories and mines paid Ukrainian taxes, and their output was counted toward Ukraine’s gross domestic product. If the ...

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Aussie banks’ high-risk X Factor nothing to sing about

  It’s that time of year when Australia’s bank executives go through their equivalent of a reality-TV audition. Like an episode of the X Factor, the parliamentary hearings into the four major banks are conducted in an atmosphere of high theater. Chief executives attempt to carry off pitch-perfect performances while the parliamentarians sat in judgment try to launch a few ...

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Bitcoin, gold and the risks of bum comparisons

  One simple chart is creating a lot of buzz in markets. It shows that for the first time in history, one bitcoin is worth more than one troy ounce of gold. Despite the flurry of discussion this factoid has generated, many are stupefied, not quite knowing what to do with this information or how to trade on it. Maybe ...

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Brexit opponents find their voice again

  Theresa May’s defeat in the House of Lords on Wednesday doesn’t quite compare with the scale of Donald Trump’s judicial thrashing over his travel ban. But that’s not an entirely ludicrous parallel either. The Lords voted to force the government to guarantee that the nearly 3 million EU nationals living in Britain can stay. May’s position is that she ...

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Trump’s Boeing love and job agenda create contradictions

  As President Donald Trump visited a Boeing Co. factory two weeks ago and pledged to “fight for every last American job,” the aerospace giant was working on cutting more than 1,000 positions. Boeing has earned multiple pats on the back from Trump in the past few weeks including a “God Bless Boeing” acclaim at the end of that South ...

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A ‘bad bank’ could be good for Europe

  Some European regulators have come up with a viable plan to alleviate the region’s chronic financial paralysis. If only European politicians, particularly in Germany, would listen. The European Union’s leaders have spent much of the past decade debating —but never fully resolving — what to do about the huge pile of bad loans that EU banks are sitting on, ...

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Ensure territorial rights in South China Sea

  In what appears to be a change in strategy, Philippines Defense Secretary Delfin Lorenzana, Finance Secretary Carlos Dominguez and Justice Secretary Vitaliano Aguirre II visited the US aircraft carrier USS Carl Vinson patrolling the disputed South China Sea on the invitation of the US Navy. The visit marks a stark deviation from Philippines President Rodrigo Duterte’s independent foreign policy. ...

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