Opinion

  The “spanner in the works” thrown by Brexit at the global economy has failed to massively dent Asia’s growth prospects. But amid warnings of another Asian financial crisis, not everyone is sanguine on the outlook. In its latest “World Economic Outlook” report, the International Monetary Fund (IMF) decided on Tuesday to cut its forecasts for global economic growth for ...

  Sudha Ramachandran SPECIAL TO EMIRATES BUSINESS India’s ambitious plan to interlink rivers to achieve greater equity in the distribution of water in the country reached an important milestone on July 6, when water from the Godavari, its second-longest river, rushed to meet the fourth-longest, the Krishna. The two became the first of 30 rivers to be linked under the ...

WASHINGTON America’s top spymaster offered contrarian assessments of some key issues — warning against “hyping” the threat posed by the Syrian terror group Jabhat al-Nusra, cautioning against administration plans to share intelligence with Russia on Syrian targets, and questioning Turkish claims that last Friday’s coup was organized by a cleric living in America. Director of National Intelligence James Clapper made ...

  Calls for boosting the slowing global economy, dominated G20 forum on Saturday as the declining growth in China and Britain’s vote to leave the European Union (EU) threaten to cut global growth. With their eyes set on turning the slowing economic growth around, central bank chiefs and finance ministers from the world’s top 20 economies met in the southwestern ...

  Conor Sen Those who argue that the U.S. Federal Reserve should keep interest rates low typically point to the same piece of evidence: The central bank’s preferred measure of inflation remains below its 2 percent target, suggesting that the economy still needs stimulus. What they ignore is that during the dot-com and housing booms of the 1990s and 2000s, ...

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 ...