Franz-Stefan Gady SPECIAL TO EMIRATES BUSINESS Indian defense firms could benefit from a recent $38.8 billion Australian-French submarine deal by becoming subcontractors for Australia’s so-called SEA 1000 Future Submarine Program, an Australian official told The Economic Times on July 20. “India and Australia as decided during PM Narendra Modi’s visit to Australia in 2014 have ventured into the areas ...

  Aurelia George Mulgan SPECIAL TO EMIRATES BUSINESS There are both modern and historical parallels to be drawn in the wake of China’s strident rejection of the Hague Tribunal’s ruling on its territorial claims in the South China Sea. In its relentless strategy of using power to expand China’s territory in the South China Sea, the Xi administration has been ...

  Bloomberg Home prices have hit record highs in some major US metropolitan areas, and house-flippers are behaving like it’s 2005: It’s no wonder people are chattering about another housing bubble. But residential real estate isn’t in a speculative bubble, industry observers contend. Instead, a low inventory of available homes is driving prices higher — prices, however, will eventually recede ...