Bloomberg Tanzania’s central bank should rally to the defense of the shilling using means at its disposal, including stopping ‘dollarization’ of the economy, President John Magufuli said. The currency of the natural gas-producing country has weakened almost 2 percent against the dollar this year, extending depreciation of 19 percent in 2015. Tanzania held US$3.9 billion of gross international reserves ...

A panel of Asia experts recently conveyed to American audiences the alarm that Asian observers feel about U.S. withdrawal from the region. Gathering in New York on Monday for a panel hosted by NTT and Kinokuniya — a Japanese publishing company and book store, respectively – the experts discussed a wide range of divisive issues in Asia’s security landscape – ...

  It is a tough time for major automakers hit hard by scandals over concealing faults that cause pollution. These revelations have a negative impact on investors and consumers as executives try to contain mistrust through redressing these technical errors, but at a huge price. Volkswagen’s admission in September that it had illegally fitted special devices in 11 million diesel ...