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London / Bloomberg London Mayor Boris Johnson said the U.K. would have a “great future” if it votes to leave the 28-member European Union in a referendum planned for this June. “This is a once-in-a-lifetime thing,” Johnson told The Times newspaper in an interview. “It is not going to come round again. If we don’t do it now this thing ...

Bloomberg Chancellor of the Exchequer George Osborne warned he may make further cuts in public spending in his annual budget on March 16 after data showed Britain’s economic recovery is not as advanced as he hoped. Osborne will seek further “efficiencies” in government departments before making cuts to services, he said in an interview with the BBC in Shanghai, where ...

Paris / Bloomberg President Francois Hollande was heckled on Saturday as France’s annual agricultural fair kicked off against the backdrop of the “worst crisis ever” facing the country’s farmers. Livestock farmers booed and whistled as Hollande and Agriculture Minister Stephane Le Foll made their way through the vast hall in southern Paris, walking past a large banner reading: “I am ...

Apple’s chief executive Tim Cook is such a respected figure that it’s easy to overlook the basic problem with his argument about encryption: Cook is asserting that a private company and the interests of its customers should prevail over the public’s interest as expressed by our courts. The San Bernardino encryption case was the wrong one to fight. Apple doubled-down ...

The call given by world’s top economies to focus on structural reforms and look beyond ultra-low interest rates, would not only strengthen the global economy, but also restore confidence in the markets. The holding of G20 meeting is timely and comes amid fears driven by slowing growth in the host nation China, steep falls in world financial markets, and US ...

This week, Admiral Harry J. Harris, Jr, U.S. Pacific Command (USPACOM) commander, made headlines for his testimony before the Senate Armed Services Committee. In the written testimony submitted to the Committee, he articulated his view that China sees the South China Sea as “a strategic front line in their quest to dominate East Asia out to the Second Island Chain.” ...

The United States presented a draft resolution on North Korea to the United Nations Security Council on Thursday. The resolution, which would tighten sanctions on Pyongyang, represents the culmination of nearly two months of negotiations between the United States and China, beginning just after North Korea’s nuclear test on January 6. Final agreement on the resolution came during Chinese Foreign ...

It’s early spring and that means India’s national budget session is in the air. The Indian government will be formally presenting its budget for the next fiscal year on Monday. Last year’s $290 billion budget, as I discussed in The Diplomat at the time, showcased a gradualist approach to reforming India’s fiscal policy. The 2016 budget is the second to ...

None of the remaining Republican presidential candidates has a detailed health-care plan. The one who has done the most to outline an agenda, Senator Marco Rubio, is still a bit lighter on those details even than Barack Obama was when he ran in 2008. But Rubio is at least on the right track, while the other candidates are wandering aimlessly, ...

Last November, in a bid to internationalize its currency, China’s yuan was successfully admitted to the International Monetary Fund’s Special Drawing Rights (SDR) basket of reserve currencies, joining the Euro, the U.S. dollar, Japanese yen and British sterling in the cohort of elite currencies. The yuan’s ascension is an economic milestone for China and a political victory for the world’s ...