An ambitious Trans-Pacific Partnership (TPP) that brings 12 nations together, and accounts for 40 percent of the global economy, faces enormous challenges in terms of ratification in the US Congress, and rejection by the presidential candidates. Donald Trump, the presumptive Republican presidential nominee, has outrightly rejected the TPP though a number of Republicans more Democrats back the agreement. Democratic ...

  Harsh V. Pant SPECIAL TO EMIRATES BUSINESS Dealing a major blow to Beijing’s insistence that it has special rights to South China Sea and in a victory for the Philippines, an international tribunal of judges decided that China’s claims to the critical waterway are without legal merit. The ruling, handed down by a tribunal based at the Hague’s Permanent ...

  There seems to be this idea that just won’t go away — that two or more quarters of negative economic growth mark a recession. This is, of course, incorrect. But it persists, and seems to get new life with every unsettling economic event, because people don’t understand the basics surrounding what an economic contraction is or how we measure ...