Amid hedgerows of computer screens in the joint operations center that runs the war against the IS, Marine Brig. Gen. Bill Mullen explains the complex assault that drove the extremist fighters last week from the strategic town of Rutbah at the western edge of Anbar province. The battle showed how the campaign against the IS, which has had a slow …

  Japan’s plan to tame bullish Yen to sensitise its exports has drawn criticism from G7 ministers’ meeting, which brought together finance ministers and central bank governors from Britain, Canada, Italy, France, Germany, Japan and the US, plus leaders from the International Monetary Fund, World Bank and European Union. Tokyo’s repeated threats to intervene in forex markets to reverse a …

Sara Hsu SPECIAL TO EMIRATES BUSINESS China’s peer-to-peer (P2P) lending sector has witnessed expansion in recent years, despite periodic clampdowns on excessive risk. This has led to on-again, off-again surges in activity in this shadow banking sector. In some cases, criminal activity has highlighted the perils of borrowing or lending through this industry, but the loan availability for borrowers and …