Leonid Bershidsky “Please tell me I’m still sleeping and this is all just a bad nightmare,” former Finnish Prime Minister Alexander Stubb tweeted after waking up to the U.K. referendum results. It feels like a betrayal, but it’s really a wake-up call. The millions of Britons who on Thursday voted their distrust of the European Union are not the …

Jackson Ewing SPECIAL TO EMIRATES BUSINESS The major economies of Northeast Asia are developing carbon markets to help meet their climate change commitments. They would benefit from doing so in concert. Like much in the current climate change arena, market activities beneath the global scale are booming. Carbon markets have almost doubled since 2012, with 40 states and 23 cities, …

  Akhilesh Pillalamarri SPECIAL TO EMIRATES BUSINESS In 19th century Europe, the old concert of great powers, states which had been dominant since the end of the Napoleonic Wars, was shaken by the rise of two new powers: Germany and Italy, both of which had recently been unified. As was to be expected, the rise of two new powers put …