Bloomberg The Philippines asked China to refrain from acts that could disrupt the two nations’ improving relations amid simmering tension in the South China Sea. “China should avoid performing acts that will place at risk the Filipino fishermen fishing in the disputed areas and at the same time cause irritants that will disrupt the current friendly relations,” President Rodrigo Duterte’s ...

The Phillips Curve is dead; long live the Phillips Curve. One of today’s economic mysteries is: Why is inflation so low? The unemployment rate is a puny 3.8%. The recovery from the 2007-09 Great Recession is nearly a decade old, just when tight labour markets and strong demand usually push up wages and prices. Yet inflation (measured by the consumer ...

The world’s preoccupation with the Carlos Ghosn affair hides in plain sight the pathetic state of Nissan Motor Co.’s business and the value destruction that has continued since his arrest. In a video message, the company’s deposed chairman spent much of his time talking about what’s going on at Nissan rather than addressing the growing pile of allegations against him. ...