In its rush to fete Myanmar‘s president, Thein Sein, and capitalize on the country’s tentative opening, the international community has turned a blind eye toward the ongoing repression of minorities and the continued political dominance of the military. In doing so, it has given up much of its leverage over Sein at the very time […]
The US$1.92 billion settlement reached between HSBC and the U.S. Department of Justice this past December over allegations of money laundering by the global bank served as a stark reminder to all financial institutions: The penalty for breaking sanctions against Iran and other blacklisted nations would not only be severe, but even the biggest institutions […]
Ten years ago, Germany was considered the sick man of Europe. Its economy was mired in recession, while the rest of Europe was recovering; its unemployment rate was higher than the eurozone average; it was violating the European budget rules by running excessive deficits; and its financial system was in crisis. A decade later, Germany […]
U.S. Secretary of State John Kerry urged Egyptians officials and opposition politicians to overcome their differences for the sake of the country’s faltering economy…Kerry, making his first visit to Egypt as secretary of state, urged Egyptians to respect democratic rights, engage with each other and compromise in order to restore the economy. Kerry’s goal is […]
As the U.S. and China tussle over high-profile trade disputes and geopolitical tensions, a scuffle in yet another arena — the securities market — has been brewing and threatens to boil over soon, say experts. U.S. securities regulators are frustrated in their efforts to go after Chinese companies that listed on U.S. stock exchanges through […]
Secretary of State John Kerry’s first foreign trip is an impressive swing through nine countries in Europe and the Middle East. But I wonder if he should instead have visited just two countries, China and Japan. That’s where the most significant and dangerous new developments in international relations are unfolding. The world’s second- and third-largest […]
The challenges that will face newly elected South Korean president Park Geun-hye when she takes office are daunting. She is the first woman to lead what has been one of the world’s most male-dominated governments. She must contend with the controversial legacy of her father, Park Chung Hee, a long-ruling dictator revered as the driving force […]
Pakistan is in the grips of militancy because of its fraught relationship with India, with which it has fought three wars and innumerable skirmishes since the countries separated in 1947. Militants were cultivated as an equalizer, to make Pakistan safer against a much larger foe. But they have done the opposite, killing Pakistanis at home […]
One question typically receives little attention in connection with the ongoing dispute between Japan and China over the Senkaku Islands. That question is, what’s in it for the parties involved? To the extent this question is asked, China is accused of pursuing an aggressive if not expansionist military policy abroad while invoking nationalism at home […]
FOREIGN governments and companies have long suspected that the Chinese hackers besieging their networks have links to the country’s armed forces. On February 19th Mandiant, an American security company, offered evidence that this is indeed so. A report, the fruit of six years of investigations, tracks individual members of one Chinese hacker group, with aliases […]
looking beyond borders 