United States

Vietnam goes on the defence

With China and the United States (US) as its largest export destinations, Vietnam is seeking ways to insulate itself from an escalating trade war between the world’s two biggest economies.The National Center for Socio-Economic Information and Forecast has submitted a report detailing the potential impact of the trade war to the planning and investment ministry, Luong Van Khoi, deputy director general at the centre in Hanoi, said in an interview.“If the US and China escalate the tension with t

18 July 2018
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China braces for more trade war pain

Further evidence of Donald Trump’s trade war with China is set to show up in economic data due from Friday, although it will likely just be a taste of things to come.From exporters of Wi-Fi equipment to households splurging on Maine lobsters and other American goods, China is beginning to adjust to the effect of the current tariffs from both nations, and the possibility of more. The trade war arrives as the economy is already slowing, adding an external shock to a home-made one.

13 July 2018
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Myanmar's waiting for the western investment that never came

Among business leaders in Myanmar, would-be investment from the United States (US) and Europe is known by the wry acronym NATO.“No Action, Talk Only,” Sean Turnell, special economic consultant to Myanmar’s leader Aung San Suu Kyi, said in an interview, underscoring the country’s history of missed opportunities and unfulfilled potential.As Southeast Asia’s fastest-growing economy began the transition from five decades of military rule to democracy with the swearing in of the first popularly-el

9 July 2018
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North Korea slams 'cancerous' US demands

The United States (US) and North Korea sharply diverged after two days of talks, with Pyongyang terming the US position on denuclearisation during meetings with Mike Pompeo “extremely regrettable,” hours after the secretary of state cited progress on central issues.A North Korean Foreign Ministry spokesman, in a statement reported by the state media outlet Korea Central News Agency (KCNA), said Pompeo had put forward the same “cancerous” demands that past administrations had sought.Trust betw

8 July 2018
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How can we retain the benefits of globalisation?

In the last few years, for many people and their leaders, globalisation has become a scourge to be purged in favour of greater protectionism and unilateralism. This represents a sharp departure from the recent past, when globalisation was widely regarded as a positive force. What changed, and why?Key components of globalisation include greater cross-border mobility of goods, labour, and capital, each of which promises significant overall benefits for economies.

3 July 2018
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Trump's trade war pushes China closer to India

President Donald Trump’s moves to protect United States (US) trade interests are creating unusual bedfellows in Asia.India and China, longstanding economic and strategic rivals, are seeing a thaw in relations less than a year after the most serious border flare-up since a war in 1962 threatened ties between the two Asian giants.Since May, China has made it easier for India to export non-Basmati rice, removed import duties on anti-cancer drugs and agreed to share data that predicts river flows

29 June 2018
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Does the West want what technology wants?

In many dimensions, today’s West is not at its best. Many people are challenging the values of liberal democracy (individual rights and majority rule) and even those of the Enlightenment (reason, science, and truth). Populist parties are channelling such sentiments with considerable electoral success, capitalizing on economic malaise, widening inequality, and rising immigration.Technology is often blamed for the social ills underpinning the populist surge.

28 June 2018
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The western crack-up

After the recent Group of Seven (G7) summit in Quebec, there can no longer be any doubt that the West is in crisis. Yes, “Western” countries have often pursued divergent foreign policies (as illustrated by the Iraq War), and “the West” is itself a vague concept.

22 June 2018
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US quits UN Human Rights Council

The Trump administration withdrew from the United Nations (UN) Human Rights Council on Tuesday, making good on a pledge to leave a body it accused of hypocrisy and bias against Israel.“For too long, the Human Rights Council has been a protector of human rights abusers, and a cesspool of political bias,” Nikki Haley, the American ambassador to the UN, said Tuesday at the State Department in Washington.

20 June 2018
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Shanghai Cooperation Organisation: The rise of the East?

Last week, the world saw the new global order manifest itself in real time. On one hand, the leaders of the Group of Seven (G7) had a tense summit following United States (US) President Donald Trump’s announcement of imposing tariffs on European Union (EU) countries. On the other, China held a two-day regional security summit with notable attendees like Russia and Iran.Naturally, it was Trump and the G7 that managed to dominate headlines.

14 June 2018
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Who lost the South China Sea?

United States (US) Defense Secretary Jim Mattis has spoken out against China’s strategy of “intimidation and coercion” in the South China Sea, including the deployment of anti-ship missiles, surface-to-air missiles, and electronic jammers, and, more recently, the landing of nuclear-capable bomber aircraft at Woody Island. There are, Mattis warned, “consequences to China ignoring the international community.”But what consequences?

13 June 2018
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Landmark Trump, Kim summit kickstarts

Donald Trump and Kim Jong Un kickstarted their landmark summit with an exchange of cordial greetings and a firm handshake. South Korean news agency, Yonhap reported that Kim said in English, “Nice to meet you, Mr.

12 June 2018
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