Recent Posts

Putin’s European allies don’t need his money

  According to Czech Foreign Minister Lubomir Zaoralek, Russia is pursuing a “divide and conquer” policy in Europe by trying to boost the eurosceptic populists. “It’s regularly discussed,” Zaoralek told Financial Times. “We have no doubt Russia is finding ways to finance this.” Others before him have made similar allegations but, like Zaoralek, they have been unable to produce proof ...

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Don’t fear negative interest rates

  The world’s central banks are increasingly employing a controversial method to stimulate economic growth: negative interest rates. I’m convinced that this can be a valuable tool, but its power depends a lot on how it’s used. First, some context. A bond that promises to pay $1,000 in a year’s time is said to have a negative interest rate if ...

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China: Pushing the envelope in the East China Sea?

  Yuki Tatsumi SPECIAL TO EMIRATES BUSINESS On June 9, a Chinese People’s Liberation Army Navy (PLAN) frigate sailed near Senkaku Island. Although the naval vessel stayed in the contiguous zone, and therefore did not enter Japan’s territorial waters, this is the first time that a PLAN vessel came this close to the Senkakus, which are also claimed by China ...

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