Opinion

  The UK economy is in a holding pattern after the June referendum decision to quit the European Union. Growth hasn’t collapsed, consumers are still spending, and the Bank of England (BoE) kept its monetary policy unchanged on Thursday. And while Governor Mark Carney says future moves could be in ‘either direction,’ it’s pretty clear that inflation would have to ...

  In his early days in office, true to his campaign promises, President Donald Trump is promoting a $1 trillion plan to upgrade the nation’s aging physical infrastructure. To maximize job creation, investment and benefits to all Americans, he should also focus on our “invisible infrastructure” — the unseen airwaves that enable wireless connections. Mobile communication has been a powerful ...

By putting Iran ‘on notice’ for its aggressive behaviour, President Trump has taken aim at a country that’s opposed by many US allies. But he has begun this confrontation without much preparation or strategic planning, continuing the haphazard pattern of his first two weeks in office. Iran is a convenient enemy for Trump. Israel and the Gulf Arab states share ...

  India’s technology outsourcing industry was facing peak pessimism even before Donald Trump. But if the new president signs into law a draft executive order to tighten the US guest-worker regime, the moment of reckoning for the likes of Tata Consultancy Services Ltd. and Infosys Ltd. could arrive much sooner than shareholders anticipate. Since investors know very little about how ...

  Of all the measures to improve gun safety, background checks are among the most reasonable and popular. House Republicans lost no time this week in voting to weaken them. A bill approved on a mostly party-line vote in the House would rescind a rule on gun background checks that was initiated by the Barack Obama administration in 2012 and ...

  US Defense Secretary James Mattis said diplomatic efforts should be exhausted to find a solution of South China Sea dispute. Mattis’ stand is in contrast to Secretary of State Rex Tillerson, who appeared to advocate a tougher action to resolve maritime issue. Last month, Tillerson said the US should send a clear signal that further island-building should stop, and ...

  The great macroeconomist Robert Lucas once uttered a memorable quote about the mystery of economic development: Is there some action a government of India could take that would lead the Indian economy to grow [more rapidly]. If so, what, exactly?…The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them, ...

  Earlier this week, I commended Snapchat for bucking Silicon Valley convention and going public at a relatively young age, while other high-profile startups such as Uber do everything possible to avoid IPOs. After seeing parent company Snap Inc.’s financials and its strategy, I have changed my mind. Snapchat would have been better off staying in the lush forest of ...

  Jean-Claude Trichet, the European Central Bank’s former president, used to argue that one of the euro’s greatest achievements was driving government borrowing costs down to match those of Germany, the region’s benchmark borrower. In recent weeks, however, fissures have emerged that reflect investor concern about the political and economic outlook for at least three of the common currency’s members. ...

  “Mexico braces for a trade war with Washington,” headline in the Financial Times, Jan. 31, 2017. Let’s hope not, because a trade war triggered by President Trump would be an act of pure economic aggression, unjustified either by the United States’ economic and political interests or by Mexico’s behaviour. It would be the economic equivalent of Russia’s seizure of ...