THE threat of the euro’s collapse has abated for the moment, but putting the single currency right will involve years of pain. The pressure for reform and budget cuts is fiercest in Greece, Portugal, Spain and Italy, which all saw mass strikes and clashes with police this week (see article). But ahead looms a bigger problem […]
Why is it that Hamas — purveyor of terror, launcher of Iranian-supplied rockets, and source of “death to the Jews” tropes — is getting more attention, traction, legitimacy and support than the “good” Palestinian, the reasonable and grandfatherly Mahmoud Abbas, who has foresworn violence in favor of negotiations? Since the crisis began, President Obama seems to […]
Sri Lanka‘s first communication satellite is expected to be launched on November 22, 2012 from the Xichang Satellite Launch Centre in China. This geostationary satellite would get operational by mid-2013 for commercial purposes. The satellite is partly owned by a private company, Sri Lanka’s first Satellite Company called SupremeSAT. The cost of the project is […]
The bruising Apple-Samsung fight raises major intellectual property rights (IPR) issues that South Korea and Asian economies generally are ill-prepared for. Unless the concerns raised by the Samsung-Apple dispute are resolved, Korea should expect regular trade friction with major partners and frequent accusations of copying and cheating. As wealthy countries like Korea move away from manufacturing […]
Japan warned on Monday that a row over the SouthChina Sea could damage “peace and stability” in Asia as China stalled on a plan to ease tensions and disagreements flared between the Philippines and Cambodia over the dispute. The acrimony provided an uneasy backdrop to U.S. President Barack Obama‘s arrival in Cambodia for a regional summit […]
Workers protesting austerity on the streets of southern Europe weren’t to know it, but earlier this month there was also a strike at the heart of the European Union – by bureaucrats fighting possible cuts. For an increasing number of Europeans, cuts in Brussels are what is needed. The European capital has told member states […]
Russia’s T-50 stealth fighter prototype, the first radar-evading warplane outside the U.S. when it debuted in January 2010, is slightly less stealthy than the American F-22 and about equal to the smaller F-35. But in several other respects the new warplane from the Russian Sukhoi design bureau is actually superior to the American models. That’s the […]
For China bulls, things are starting to look up. The property market has been showing signs of life, and October retail sales, investment, and industrial production have come in above forecasts. A manufacturing index also showed improvement, and exports increased 11.6 percent in October, the fastest pace in five months. Yet one figure is going in […]
It’s official: Europe has double-dipped. The 17-country euro zone has fallen into its second recession since 2008, as figures released on Nov. 15 showed gross domestic product declining 0.1 percent during the third quarter. That followed a 0.2 percent contraction during the previous three months, according to the European Union’s statistics office. There were some […]
On a blustery recent Saturday morning on the outskirts of Phnom Penh, as planes roared overhead on approach to the nearby international airport, three dozen people sat in a tiny classroom at the Royal Academy of Cambodia. Crammed shoulder to shoulder, they watched raptly as a flat-panel TV showed a pair of Chinese pop stars […]
