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Is pandemic nostalgia haunting central banks?

It’s almost enough to make you nostalgic for the early months of the pandemic. There was clarity of economic purpose: dramatic cuts in interest rates and big fiscal commitments. The outlook was so dire there were few plausible alternatives. Conditions are much more favourable now, and ironically, that makes the choices tougher. The economic recovery is looking a little shopworn. ...

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Taiwan warns China of strong response over aircraft sorties

Bloomberg Taiwan’s top military leadership warned China that the closer its aircraft and ships get to the island the harder Taipei will respond, raising the stakes for further escalation with Beijing. Taiwan will take tougher measures to fend off Chinese military sorties should they get too close to the Taiwanese mainland, according to a report by the island’s defense ministry ...

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ICJ rejects Kenya’s territorial claim in Somalia border case

Bloomberg The International Court of Justice (ICJ) rejected Kenya’s territorial claims in a maritime border dispute with Somalia, in a ruling that may inflame tensions between the nations eyeing the area’s oil and gas reserves. The ruling read by Judge Joan Donoghue was largely in favour of Somalia, with the Hague-based court saying that there isn’t a boundary agreement between ...

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