Mark Gilbert Once upon a time, the euro had aspirations to challenge the dollar’s status as the world’s reserve currency of choice. Instead, the common European currency is losing favor as a store of value. And as European banks scale back their trading activities, the euro’s role on the global stage is likely to diminish further. Almost a decade ...

  Helen Clark SPECIAL TO EMIRATES BUSINESS I’m late to the story here, but Singapore and Australia signed a large defense deal in May and expanded their free trade agreement, the SAFTA, first signed in 2003, the first for Australia since a 1983 deal with New Zealand. Australia and Singapore have had a generally strong friendship, and one better than ...

  Geneva / AFP   The UN’s human rights chief voiced alarm on Monday at the increasing detention of migrants in Europe, including unaccompanied children, amid widespread anti-migrant rhetoric across the continent. As Europe faces its biggest migration crisis since the aftermath of World War II, UN rights chief Zeid Ra’ad Al Hussein said he had sent staff members to assess ...