Ronald Dworkin, the legal philosopher who died in 2013, famously used a metaphor once to explain the core of his thinking on the philosophy of law. In the context of American common law and constitutional interpretation, Dworkin analogized the role of judges as the writers of a “chain novel.” The law, per Dworkin, was a collective novel, composed by a …

The anti-Donald Trump brigade is banking on defeating him this week in Ohio, and possibly Florida, paving the way for an “open” convention that would deny him the Republican presidential nomination and avoid what it believes would be a general election debacle. This is an uphill climb under any scenario and probably impossible if Trump wins both states on Tuesday. …

BLOOMBERG Investors are gaining confidence that March’s rally in equities and credit markets has further to run. The Stoxx Europe 600 Index and the MSCI Asia Pacific Index were on course for the highest closes in two months. Shares in Egypt extended the longest rally since December after the country’s central bank devalued its currency, and thawing credit markets enabled …

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has increased by 0.04% to close at 4492.97 points. Accordingly the Market Capitalization has gained AED 308.96 million attaining AED 728.82 billion. A total of 0.79 Billion Shares were traded with a total value of AED 1.19 billion during the trading session of 14-03-2016 through 10559 transactions. The number of companies which …

VIENNA / Bloomberg IFM Global Infrastructure Fund offered to pay a 21 percent premium to increase its stake in Vienna International Airport as the Australian private-equity investment company seeks stable income from infrastructure operators amid a drop in interest rates. IFM plans to pay 100 euros a share to lift its holding in Flughafen Wien AG (Vienna International Airport) to …

BEIJING / AFP Alibaba Group Holding Ltd.’s delivery affiliate attracted investments from Malaysia and Singapore, including Temasek Holdings Pte, in its first round of external fundraising since its creation in 2013. Zhejiang Cainiao Supply Chain Management Co. also gained funding from GIC Pte. and Khazanah Nasional Bhd to bankroll its expansion, according to an e-mailed statement on Monday. The company …

Bloomberg Juneyao Airlines Co. aims to double its fleet by 2020, expecting the mid-year opening of Disney’s Shanghai park and more tourist travel to further drive flight demand as the privately run Chinese carrier considers joining a global alliance. “The potential for growth is huge,” Chairman Wang Junjin told reporters Sunday on the sidelines of the National People’s Congress in …

Bloomberg Nomura Holdings Inc. will raise salaries for employees at its Japanese retail brokerage for a third year. Base pay for about 3,700 workers at the Nomura Securities Co. unit will climb an average 2 percent starting in April, Kenji Yamashita, a spokesman for the Tokyo-based firm, said on Monday by phone. The increase targets younger employees in an effort …

CHENNAI / Bloomberg In an airfield in southern India, seven planes of the failed Kingfisher Airlines Ltd. rust away — relics of a former billionaire’s ambition and emblems of the complex regulations that hamper Indian aviation. The decaying aircraft, damaged by floods in Chennai late last year, were part of the fleet of India’s once second-largest airline. As authorities try …

Emirates Business Traditional Chinese Medicine Clinic Beijing TongRenTang is celebrating womanhood this month with a host of exclusive services and treatment packages. In its two comprehensive centres, the clinic has the secret to a healthier life, naturally. Pregnancy or motherhood can be a tumultuous time with a mix of new feelings of excitement, anticipation, and worry. TongRenTang (TRT) helps keeping …