Canada, Russia, the US, Norway and Denmark all have some overlapping claims throughout the Arctic, each hoping to secure a big share of the rich oil, gas and mineral reserves believed to rest under the ice. “Under the United Nations Convention on the Law of the Sea, a country can secure rights to...
Some emerging economies relied too much on low-cost borrowing available after major economies increased liquidity after the 2008 debt crisis. Value of the Turkish lira is falling, and the country struggles to boost liquidity by reducing its banks’ reserve requirements while resisting an increase in...
The Wall Street Journal: Turkey’s currency plunged again Monday, rattling other vulnerable emerging markets, while the country’s central bank made policy moves that failed to assuage investors about the economy’s perilous financial condition.
The...
The powerful, never appreciating being the butt of comics’ jokes or withering commentary of critics, have long tried to keep a lid on criticism with ownership of media conglomerates and influence over media licenses. The freewheeling internet has changed all that, allowing comedy to take hold in...
Click here for the article in The Observer.
Six major banks agreed to pay fines near $6 billion for the varying roles of their traders roles in alleged manipulation of foreign exchange rates. “In total, authorities in the United States and Europe have fined seven banks over $10 billion for failing to stop traders from trying to manipulate...
Click here for the article in Reuters.
France has rallied to prevent an Indian firm from taking over Arcelor, the largest steelmaker in Europe, suggesting that the continent is not serious about the free flow of capital, goods and services. French politicians claim they are motivated by “economic patriotism,” a synonym for protectionism...
Twenty years after the European leaders committed themselves to a "new Europe" where barriers to the free flow of capital, goods and services across the Continent would be a thing of the past, the scenario today sadly...
Recent scandals over US mistreatment of prisoners in Iraq and Afghanistan have badly tarnished America’s human rights record. Grave as the abuses are, says globalization scholar Susan Ariel Aaronson, the Bush administration can help restore at least a measure of goodwill by promoting human rights...
Diamonds from Africa and elsewhere must now be certified to ensure that their mining has not promoted conflicts or human rights violations.
WASHINGTON: A common criticism of free trade is that it fattens the...
After the Asian financial crisis, 9/11, and SARS, Singapore's tourism decreased dramatically, with sales touching the bottom in 2003. This year, however, industry players are seeing a significant recovery. Authorities believe that sales could return to pre-SARS levels this year, and pre-9/11...
(SINGAPORE) 2004 is turning out to be a bumper year for some of Singapore's major tour operators, which expect revenue to surge close to pre-Sept 11 levels. And if nothing goes wrong, the industry could see full recovery by next year, players...
Indonesian President Megawati Sukarnoputri has been taking lessons from US President Bush, says this article in the Moscow Times. Megawati is using Bush’s anti-terrorist rhetoric and military actions in Afghanistan and Iraq to justify her bloody invasion of Aceh, a rebel territory she characterizes...
Click here for the original article on The Moscow Times website.