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Obama’s pivot to Asia has failed to deter China

It is tragic and fitting that President Barack Obama’s latest failure to reach a cease-fire in Syria would take place at Hangzhou, China, on the sidelines of the G-20 summit Monday. It’s tragic because this latest diplomatic flop in Syria will mean the death toll in that civil war, already at a staggering 400,000, will grow. It’s fitting, though, because ...

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In global banking, apps and security don’t mix

  The greatest bank robberies happen from the inside, Manchurian-Candidate style, where a sleeper agent infiltrates an organization and collects intelligence until it’s time to strike. Such was the case in the Bangladesh bank heist. Back in February, Bangladesh’s central bank revealed that it had fallen victim to an $81 million theft. (Actually, the Philippine Daily Inquirer broke the news ...

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ECB holds rates steady but warns of Brexit ‘uncertainties’

  FRANKFURT/ AFP The European Central Bank kept its interest rates at record lows on Thursday and held fire on more economic stimulus, but warned of “uncertainties” ahead for the eurozone over the Brexit vote. Describing the ECB’s current ultra-loose monetary policy as “effective”, bank chief Mario Draghi said policymakers stood ready to take future action if needed to push ...

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