Environmental groups warn UK government on post-Brexit deals

  LONDON / AP International environmental groups are warning Britain’s government not to reduce its commitment to fighting climate change and wildlife poaching when it negotiates post-Brexit trade arrangements with other countries. Greenpeace, WWF, and Friends of the Earth have signed a letter to PM Theresa May stressing that environmental protection must remain a priority after Britain leaves the European ...

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America’s dangerous amnesia about world order

  In an unsettled time, with an unsettling president, many Americans are unsure of their conception of the world and their country’s role in it. What should the United States be doing – if anything – to shape the global order? To answer this question, we need to better understand ourselves and our history. Americans regularly make three curious – ...

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Infosys generosity falls short of what investors need

  Two takeaways from Infosys Ltd’s earnings announcement on Thursday are worthy of note. First, slower growth is here to stay. And second, Infosys has buckets of cash it needs to get rid of. After average annual revenue growth of 17.6% over the past decade, the Indian outsourcing leader grew its top line just 9.7% last year in rupee terms, ...

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Make financial reform about simplicity

  President Donald Trump’s top economic adviser — former Goldman Sachs executive Gary Cohn — has come out in favor of a radical reform: restoring the Depression-era Glass-Steagall Act, which for much of the 20th century separated bread-and-butter commercial banking from high-octane investment banking. The thinking behind this proposal is appealing. The basic idea is to narrow the scope of ...

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Escalating tensions between US, N Korea

  US Vice President Mike Pence arrived in South Korea at the start of a 10-day trip to Asia a day after North Korea paraded its intercontinental ballistic missiles in a military display in Pyongyang to celebrate the 1912 birthday of Kim Il Sung, North Korea’s founding ruler. Pence Asia trip coincides with the North Korea’s failed missile launch. It ...

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One more thing to blame on senior management!

  When I was studying for my doctorate in economics, a friend was studying for his in strategy. When I asked to explain the difference between the two fields, he said it boiled down to one thing — economists assume that companies behave optimally, while strategists try to find ways they can do better. In some corners of the econ ...

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Trump’s Obamacare obsession must die

  Another day, another refusal to admit that GOP efforts to repeal and replace the Affordable Care Act (ACA) are dead. In an interview with Fox Business that aired recently, President Donald Trump said it’s been “misreported” that his administration has failed in its efforts reform health care. He suggested that his party’s reforms will result in $900 billion in ...

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Europe’s continental divide is market’s game of risk

  Last week and last month and last year we were so close, minutes and moments away, from another Greek debt deal. Every newspaper on the Continent, and every politician quoted in them, told us so. They never said anything else. Consequently, I pay little attention to when they open their collective mouths and repeat the eulogy once again. If ...

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Facing two-front challenge

  DEARBORN / AP In her job as a refugee case manager, Fatimah Farooq would come to work in a hijab and speak with her clients in Arabic. Nonetheless, she found herself being asked whether she was Muslim. It’s not easy, Farooq says, navigating her dual identities as black and Muslim. “I’m constantly trying to prove that I belong,” said Farooq, ...

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UAE food safety rating rises to 98% in 3 years

  Dubai / WAM Dr Thani bin Ahmed Al Zeyoudi, Minister of Climate Change and Environment, issued a press statement on the occasion of the GCC Food Safety Day, marked annually on April 15 by the Gulf Cooperation Council (GCC) states as a special day to shed light on food safety issues and to raise public awareness about the importance ...

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