Seoul/ AFP North Korea looked to ratchet up already elevated tensions on the Korean peninsula still further on Thursday, firing a pair of short-range missiles and announcing the liquidation of all remaining South Korean assets on its territory. The moves were a direct response to unilateral sanctions announced by South Korea on Tuesday to punish the North for its January …

Is the American economy stronger than we think? Perhaps. A persisting puzzle about its recent performance is the stark contrast between growth of jobs (which has been unexpectedly robust) and the growth of the economy’s output (which has been unexpectedly weak). How could a struggling economy produce so many jobs? The puzzle would disappear if the economy’s output is consistently …

The EU-Turkey’s draft deal seems practical as it could stop smugglers from exploiting desperate refugees, and stem the flow of migrants to Greece, which has no capacity to accommodate them. Yet, the pact has come under fire from the UN and rights groups. The EU consensus shows European leaders are resolved to give a window of opportunity for refugees through …