UNTIL the late 1950s America produced all the coal, oil and natural gas that its citizens could burn. But as they grew rich and bought cars as big as whales, America began to suck in fuel from beyond its shores. It now accounts for nearly a fifth of world energy consumption. China may be the […]
China, Japan and South Korea started talks on a free-trade agreement vital to an Asia-wide deal in a move to forge closer economic ties even as they spar over disputed islands. The countries, representing three of Asia’s four biggest economies, will hold the first round of talks early next year, according to Xinhua, China’s official […]
Not too long ago it would have been unthinkable: the sight of a U.S. president standing next to Aung San Suu Kyi, the woman many believe should be — and might yet become — the president of her long-suffering country, Myanmar (also known as Burma). When Barack Obama was first elected to the White House […]
Xi Jinping, the new head of China’s ruling Communist Party, told his fellow leaders that unless they address corruption social unrest may rise and it could lead to the demise of the party. “The preponderance of facts tell us that the more severe the corruption problem becomes, it will ultimately lead the party and the nation […]
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 […]
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 […]
