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, ...

  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. ...

  Dubai / WAM The UAE Cabinet pursues leading approaches to excellence in government work, and relies on creative work and management teams that are committed to modernisation and innovation to meet world-class standards, Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, said on Monday. Stronger co-operation and co-ordination between local and federal ...