Sara Hsu SPECIAL TO EMIRATES BUSINESS Despite China’s downturn, its automobile industry is performing well, as may be surmised from the enthusiasm generated at the Beijing Auto Show and, of course, sales statistics. Auto sales have been on the rise, growing 4.7 percent in 2015 from 2014, with passenger cars making up the lion’s share of purchases. Auto sales ...

  Last year, a few influential voices urged the Federal Reserve not to raise interest rates out of concern that it would slow global growth and fuel financial disruptions. Fed officials listened politely, then hiked rates in December and subsequently paused. Given recent developments in the foreign-exchange markets, some of these voices may now be wondering if the Fed should ...

  Recently, Australian Prime Minister Malcolm Turnbull announced that France had secured a $50 billion contract to build Australia’s new submarine fleet, confirming weeks of speculation that Japan had lost out in the three-way competitive evaluation. While the outcome is definitely a missed strategic opportunity to enhance Australia-Japan defense ties, an overemphasis on it also risks missing the broader story ...