Opinion

President Trump would hand China the world

WASHINGTON Hong Kong television commentator Wu Jun observed recently that despite Donald Trump’s anti-Beijing rhetoric, he “could in fact be the best president for China.” The Chinese analyst is right: A Trump presidency could open the way for China’s strategic dominance in Asia and elsewhere. Wu’s comment was focused on Trump’s mercantilist style, evoking a world in which Trump and ...

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Pay heed to OECD’s ‘spur growth’ advice

  Organisation for Economic Cooperation and Development’s (OECD) stern caution on Wednesday is another fresh warning that the global economy could slip into recession if the top and emerging economies do not step up spending on development. The wariness follows weak recovery since the global economic crisis in 2008 and signs of global economic growth slowdown sparked by poor performance ...

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China is not building a ‘Great Wall of Self-Isolation’

  Dingding Chen SPECIAL TO EMIRATES BUSINESS U.S. Defense Secretary Ashton Carter recently made some controversial comments about China’s actions in the Asia-Pacific, especially the South China Sea, saying that China is “erecting a great wall of self-isolation” there. Not surprisingly, Chinese foreign ministry spokeswoman Hua Chunying refuted Carter’s comments by referring to them as reflective of a ‘Cold War’ ...

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Can TPP help bridge Asia’s ‘digital divide’?

While some parts of Asia are setting the pace for the global Internet, other areas are being left far behind. For example, while Indonesia may have over 90 million people on the Internet, this number is far short of the true potential in a country with a population of over 250 million. The “digital divide” is real and it encompasses ...

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Resolve behind Russia sanctions is weakening

Each time the European Union’s sanctions against Russia come up for renewal, there’s speculation that some countries might break ranks and vote against the trade and financing restrictions. There will probably be no deserters this time around either; but a softening of the sanctions is on the cards in the near future. In December, the sanctions, which include travel bans ...

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5 reasons Millennials love Elon Musk and SpaceX

  Eric Mack SPECIAL TO EMIRATES BUSINESS Last year, a survey of 1,000 20-somethings worldwide found young adults most admire Nelson Mandela and Pope Francis among public figures. But the name coming in third on that list wasn’t Barack Obama or a historical figure like Gandhi, both of whom appear further down in the poll results. The man who ranks ...

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Who is to blame for Asia’s transboundary air pollution problem?

  South Korea is faced with periodic environmental disasters in the form of pollution blowing from China. In the winter, the source is typically excessive burning of coal used in China for heating. In the spring, yellow dust from the deserts of northern China and Mongolia are blown across Northeast Asia, picking up soot and carcinogens from China-based industrial processes ...

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An independence day for Britain?

  LONDON Leaders of the campaign to end Britain’s membership in the European Union hope that next month’s referendum will make June 23, 2016, a date as luminous in modern British history as May 3, 1979, when voters made Margaret Thatcher prime minister. Michael Gove, secretary of justice and leader of the campaign for Brexit — Britain’s withdrawal from the ...

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OPEC meet must help set the market tone

  Had the OPEC meeting been held two months ago, the agenda would have been different in light of plummeting oil prices that hurt many economies and caused volatility at the global markets. But with the current surge in the oil price to around $50, the pressure on OPEC is remarkably easing. This will be reflected at the meeting on ...

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Uganda abandons North Korea amid South Korean outreach

  Uganda, one of Pyongyang’s few allies, announced that it will put an end to its cooperation with North Korea. The announcement came following a meeting between South Korean President Park Geun-hye and Ugandan President Yoweri Museveni. After his meeting with Park on Sunday, Musevini announced that he’d decided that Uganda would cease its military cooperation with North Korea to ...

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