Bloomberg Donald Trump’s encounter with Russian leader Vladimir Putin is raising concerns among veteran American diplomats and analysts about a mismatch between a US president new to global affairs and a wily former Soviet spymaster experienced in the long game of strategy and statecraft. Their highly anticipated meeting this week at the Group of 20 summit promises to set the ...
Read More »â€˜MH17 suspects’ to be prosecuted in Netherlands
Bloomberg The five countries working together in the investigation of the shooting down of Malaysia Airlines Flight 17 in 2014 have picked the Netherlands as the country where suspects will be prosecuted. The choice for the Dutch legal system is an “important step†in the prosecution process as Australia, Belgium, Malaysia, the Netherlands and Ukraine are continuing their investigation, the ...
Read More »S Africa’s ANC divided over land, mines in policy talks
Bloomberg Opposing factions in South Africa’s ruling party battled to reach consensus on contentious policy proposals, including land seizures and mine ownership, at a six-day meeting that ended on Wednesday. They will continue sparring ahead of a December conference, where it will finalize its policies and elect new leaders. The African National Congress’s branches will continue debating whether legislation needs ...
Read More »The crumbling IS ‘caliphate’ in Syria
The IS’s headquarters in Tabqa at the western gateway to Raqqah has been crushed like a sand castle by American bombs. At a dam complex on the Euphrates River where IS until May was torturing prisoners, all that’s left of the extremists are militant slogans scrawled on the wall and a pile of trash. It’s far too soon to say ...
Read More »This Indian index’s weight problem leaves cash on the table
If you bought $100 worth of the BSE 500 Index instead of MSCI India at the beginning of the year, you would have made about $5.50 extra. If you’re after exposure to the next China, then why not pocket a bit of extra cash? The MSCI lags because it still favours India’s information services companies and snubs the financial firms ...
Read More »Hancock might not be the man for HSBC
Sometimes, the wrong person for the job has the perfect background. HSBC Holdings Plc might confront that issue if its approach to Peter Hancock results in the former American International Group Inc. boss being picked to replace Stuart Gulliver as chief executive. A duo of Mark Tucker, the incoming chairman, and Hancock as CEO would give HSBC its first leaders ...
Read More »Predictable winners of Macron’s presidency
French President Emmanuel Macron has promised a dramatic departure from the recent past. France’s youngest leader since Napoleon has brought in on his coat-tails a new generation of fresh-faced young leaders, many of whom have never held political office before. And in his debut speech to both houses of France’s parliament, Macron reiterated his call for a new order — ...
Read More »Used goods could be the new thing in Asia
On the second floor of a 24,000-square-foot, used-goods superstore in the suburbs of Kuala Lumpur, Koji Onazawa pauses beside some old Japanese surfboards. He’s spent nearly two decades at Bookoff Corp. — a corporate legend in Japan that’s barely known outside it, with 832 secondhand shops across the country. Now he’s running Jalan Jalan Japan, the company’s first true foray ...
Read More »China’s electric cars are actually pretty dirty
Could China, the world’s largest automobile market, help address the threat of global warming if it went completely electric? The answer isn’t as obvious as it seems. China has been making great strides toward electrification. Electric vehicle sales are booming: Consumers bought more than 300,000 last year, and more than 5 million are expected to be on the road by ...
Read More »Central banks won’t end the party too soon
In response to the 2008 financial crisis, major central banks adopted extraordinary measures to stabilize the global system and revive growth. These measures included the maintenance of near-zero interest rates by the Federal Reserve for seven years, and a quintupling of its balance sheet over that period through bond purchases. This process, known as quantitative easing, was also a key ...
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