The resignation of Muhyiddin Yassin as Malaysia’s prime minister closes one chapter in the country’s political travails. The exit is unlikely to end the parliamentary bloodletting or solve the economic and health crises rocking a nation that was once a bastion of stability in Southeast Asia. As long as the ethnic-Malay ruling class is split, questions of legitimacy that undermined ...

On August 15, the US marked the 50th anniversary of the birth of fiat currency, or a currency that depends on faith in the Federal Reserve and not in the gold standard. Like most 50th anniversaries, this one shows the celebrant worse for wear. The “almighty dollar” is facing a raft of challenges from other supra-national currency powerhouses such as ...

Bloomberg Wall Street has been predicting that the pandemic-fuelled boom in Americans fixing up their homes would fizzle as the economy reopened. But it hasn’t so far and could be entering a new phase that prolongs growth. Home Depot Inc and Lowe’s Cos have benefited from homeowners taking on do-it-yourself projects in droves, with the retail giants combining to add ...