In the 1940s, the British historian Arnold J. Toynbee predicted that the United States (US) and the Soviet Union would remain the world’s only two great powers.

There’s good news hidden in China’s tumbling stock markets and slowing economy.A government bid to curb risky lending, clean up industry, and restrain home prices is holding firm even as growth heads for its slowest annual pace in almost thirty years and the U.S.

In recent years, we have seen the renewal of a phenomenon that seemed to have passed into history with the end of the Cold War: fierce and potentially violent competition between the most powerful countries on the globe.

An Asia-Pacific summit ended in tumult after the United States (US) and China failed to agree on language in a final statement, the latest sign that a trade war between the world’s biggest economies won’t end anytime soon.For the first time since leaders began attending the annual Asia-Pacific Economic Cooperation (APEC) meeting in 1993, no statement was issued after two days of talks in Papua New Guinea.

As China and the United States (US) engage in a trade war, the ripples of the battle is felt throughout the world. Both the countries are the two largest economies in the world with a combined gross domestic product (GDP) of almost US$32 trillion, a third of the global GDP.

An overhaul of global trade is urgently needed, 13 trade ministers representing all regions of the world said Thursday, following two days of talks in Ottawa aimed at setting objectives to reform the troubled system.The group made a veiled appeal to the United States (US) to stop blocking appointments to World Trade Organization (WTO) dispute resolution panels, warning the system will otherwise collapse soon.Leaders also said a rethink is needed on the differential treatment of developing nat

A long-overdue shift in America’s China policy is underway. After decades of “constructive engagement” – an approach that has facilitated China’s rise, even as the country has violated international rules and norms – the United States (US) is now seeking active and concrete counter-measures.

More than 50 European and Asian leaders backed free trade and the fight against climate change on Friday in a veiled swipe at United States (US) President Donald Trump and his increasingly protectionist approach.

Rising United States (US) interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said.The world economy is still growing but faces an "unprecedented" combination of threats, the International Monetary Fund (IMF) cautioned at an annual meeting with the World Bank in Bali this week.Among them is growing protectionism championed by th

The European Union (EU) recently told Cambodia that the Kingdom will lose its special access to the world's largest trading bloc, saying that it was ready to punish human rights abuses in the country. The EU warned that it has launched a six-month review of Cambodia's duty-free access to the EU; meaning garments, sugar and other exports could face tariffs within the next 12 months.