Ankit Panda SPECIAL TO EMIRATES BUSINESS Early last year, when the United States’ Western European allies began eagerly signing up for China’s nascent Asian Infrastructure Investment Bank (AIIB) as founding members, it seemed as if Washington was confident that the AIIB would emerge as a poorly governed tool of Chinese geoeconomic statecraft, beholden to lower standards than the World …

  Indian Prime Minister Narendra Modi will be visiting the U.S. in June, where he will address Congress at the invitation of Speaker Paul Ryan. Modi will be the fifth Indian prime minister to address that body, following Rajiv Gandhi, P.V. Narasimha Rao, Atal Bihari Vajpayee, and Manmohan Singh. It will also be Modi’s fourth visit to the U.S. in …

Japanese Prime Minister Shinzo Abe has reportedly cancelled plans to hike the consumption tax in 2017, bowing to sluggish growth, a strong yen and a falling stockmarket. Will it be enough to save Abenomics? Avoiding the prospect of another potential recession in the world’s third-largest economy, Abe reportedly told senior government and ruling coalition officials Friday that he would postpone …