Jakarta / AFP The Indonesian air force Thursday held a major exercise around its islands in the South China Sea where there have been clashes with Chinese vessels in waters claimed by Beijing. Thousands of personnel as well as F-16, Sukhoi and Hercules planes took part in the drill around the remote Natuna islands in the far northwest of ...
Read More »Duterte’s popularity soars with Philippine crime war
Manila /Â AFP Philippine President Rodrigo Duterte’s popularity has soared during his first three months in office, an independent survey showed on Thursday, in an apparent endorsement by Filipinos of his brutal war on crime. Defence ally the United States, the United Nations and the European Union have led global condemnation of Duterte’s unprecedented crime crackdown, which has left more ...
Read More »Brazil strikes out on labour reform
Brazilian bank workers are in a funk. Inflation is eating away at their salaries, even as banks are still making pretty good money in the face of Brazil’s recession. So on Sept. 6, tellers, clerks and other bank employees did what union bosses told them to do: They walked off the job. On Oct. 4, employees rejected a 7 ...
Read More »Meet the machines that know what’s funny
“I’d like to buy a new boomerang please. Also, can you tell me how to throw the old one away?†Never mind whether you think that joke is funny. Do you think your best friend would like it? You might think you know the answer; after all, people like each other partly because they make each other laugh. At ...
Read More »Free trade’s critics were once its champions
Globalization is clearly under attack, whether we look at trade flows or foreign direct investment. Part of the backlash against free-market policies that followed the 2008 financial crisis, protectionism has been on the rise: The irony is that the very forces that are now attacking globalization were historically its fiercest advocates. And the early pioneers of free trade would ...
Read More »UAE strides towards green economy
The UAE is fast-tracking its transition towards green economy. It is taking a slew of measures that will pave the path for a development that has the least environmental impact and is sustainable. Real progress means taking a course in which economy and ecology complement each other. To achieve a low-carbon economy, it is imperative that the culture of ...
Read More »Multi-million dollar ‘American tax scandal’ unearthed in India
NEW DELHI / AP Indian police arrested 70 people and are questioning hundreds more after uncovering a massive scam to cheat thousands of Americans out of millions of dollars by posing as US tax authorities and demanding unpaid taxes, a police officer said on Thursday. According to police in Mumbai, the yearlong scam involved running fake call centers which ...
Read More »Iran, Vietnam pledge $2bn trade boost
Hanoi / AFP Vietnam and Iran pledged on Thursday to boost future trade to $2 billion, as Tehran seeks to jump-start its sputtering economy after crippling international sanctions were lifted this year. Iran’s moderate President Hassan Rouhani, in Vietnam on a three-country swing through Southeast Asia, has come under fire from conservative critics who say the nuclear deal signed ...
Read More »Japan’s IT giant Fujitsu eyes PC merger with China’s Lenovo
Tokyo / AFP Shares in Japanese IT giant Fujitsu soared on Thursday on news it is considering merging its struggling personal computer division with China’s Lenovo, the world’s biggest PC maker. A deal would mark the latest move by a Japanese firm to hive off struggling divisions to repair their finances, with Toshiba and Sony among a string of ...
Read More »Controversial Indonesian tax amnesty proves divisive
Jakarta / AFP Indonesia hailed a tax amnesty as a major success after it raised more than $7 billion in its first few months, but criticism is mounting that the controversial scheme lets the super-rich off the hook. Authorities began the flagship policy with much fanfare in July, asking Indonesians to declare their hidden wealth in exchange for paying ...
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