Susan Rice is the latest national security adviser to inherit the framework of Sino-American relations that was created in 1972 by Henry Kissinger: The Chinese ever since have wanted to deal directly and discreetly with the White House as they pursue a relationship that’s somewhere between cooperation and confrontation. Rice will be channeling Kissinger when she travels with President …

  In the age of colonialism, there were mainly two kinds of countries: empires that controlled their economic destinies, and colonies, which were denied the chance to industrialize. After World War II and the end of colonialism, a different divide emerged — many countries were trapped behind the Iron Curtain, held back by inefficient communist systems. Meanwhile, the capitalist countries …

  The inconclusive August jobs report might not provide the Federal Reserve with the impetus it needs to take interest rates higher in the near future. That’s particularly true since by some important measures, the economy still isn’t quite back to where it was even at the beginning of earlier tightening cycles. The employment report portrays an economy still growing …

  It is a sheer coincidence. On September 4, 2015, Germany’s Chancellor Angela Merkel had initiated the open-door refugee policy to let thousands of migrants into the country. Exactly one year later, her Christian Democratic Union (CDU) faces elections in the northeastern state of Mecklenburg-Western Pomerania — the home state of Merkel — whose results could be a litmus test …

  Over the last 20 years, Amazon has taught us to buy everything on the web. At least in urban areas like mine, we are close to realizing the dream of a retail environment that consists entirely of storefronts selling food and beverages, while delivery trucks whiz back and forth before diners beneath umbrellas. But is Amazon content with this …

Global growth is weak, and will be eroded further by Brexit. Oil prices are low, and likely to plunge further. The world has excess capacity and a wage-depressing labor surplus. Corporate profits are shaky. And deflation is laying bare the impotence of central banks. So where would you logically expect financial markets to be going, given that economic, financial and …

  The stock market of the late 1990s is remembered mostly for high-flying dotcom equities that eventually crashed back to earth. Yet, from a money flows standpoint, the bigger imbalance of that era was that large-cap stocks fetched very high valuations relative to small cap stocks. This market opportunity was exploited by hedge funds, leading to a decade of outperformance …

  Hangzhou/ AFP The United States and China on Saturday formally joined the Paris climate deal, with President Barack Obama hailing the accord as the “moment we finally decided to save our planet”. The move by the world’s two biggest polluters is a major step forward for the 180-nation accord, which sets ambitious goals for capping global warming and funnelling trillions …

  Lagos / AP Gunmen have kidnapped 15 oil workers on a road near Nigeria’s oil hub of Port Harcourt, police said on Saturday, in the latest unrest in the restive region. “Fifteen oil workers, including their driver, were abducted yesterday (Friday) by unknown gunmen who hijacked their vehicle on Omoku/Elele road after shooting into the air to scare passersby,” …

  New Delhi / AFP Police rescued 22 Nepali women from a hotel in New Delhi who were allegedly being trafficked from the impoverished Himalayan nation to the Middle East, and are searching for two suspects, officers said on Saturday. Officers from the force’s serious crimes branch raided a hotel near the capital’s international airport on Thursday morning after receiving …