Jakarta / AFP Southeast Asia faces a growing risk of extremist violence as IS group supporters increasingly work together, but law enforcement agencies are unprepared for the new threat, a report warned on Tuesday. The main danger lies in the strife-torn southern Philippines, where a handful of extremist groups have sworn allegiance to IS, according to the report from think-tank …

  Tehran / AFP Iran’s intelligence minister said on Tuesday that a British-Iranian member of its nuclear negotiating team had been cleared of spying allegations, state media reported. Abdolrasoul Dorri Esfahani, part of the team that secured a nuclear accord with world powers last year, was arrested in August and described by a judiciary spokesman as an “infiltrating spy”. But in …

Economies need competition to work. Almost all basic economic theories, including supply and demand itself, rely on the assumption that companies lower prices to undercut the competition whenever possible. If sellers can set whatever prices they like, that’s a monopoly. And as any good Econ 101 class will teach you, monopolies hold production below its economically efficient level, in order …