Throughout Europe’s refugee crisis, which has been building for well over two years now, warnings about the threat to the EU's precious Schengen Area of border-free travel have proliferated. But, at a time of diminished confidence in the EU, would reimposing border controls be such a bad thing?
With the US on the way to achieving energy independence, there is a risk that America and its Western allies will consider the Middle East less strategically important than they did in the past. Wishful thinking should not cloud policy judgment: a burn…
Beijing gatecrashes Shinkansen export plan with deal involving no-strings finance
Unisplendour Corporation Limited, a subsidiary of China's Tsinghua University, has agreed to invest US$3.78 billion in U.S. digital content storage firm, Western Digital Corporation. In a joint announcement, a subsidiary of Unisplendour has agreed to purchase newly issued shares of Western Digital, which is listed on the NASDAQ, at US$92.5 each. The deal will give […]
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China’s official manufacturing purchasing managers index (PMI), the bellwether of large industrial firms, inched up to 49.8 in September from 49.7 in August. In the meantime, the Caixin manufacturing PMI, a small and medium enterprise private sector focused indicator, fell to 47.2 in September, from 47.3 in August. "Two straight months of manufacturing sector contraction […]
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Move comes at a time of tense Sino-US relations amid cyber hacking and other tech spats
Official PMI data raise prospect of fresh rate cut
‘Wei’ held for series of explosions that killed at least seven people in the southwestern Chinese province