Headlines

Iran may be where the US-led world order ends

In his monumental work “The History of the Decline and Fall of the Roman Empire”, historian Edward Gibbon argued that empires rarely collapse suddenly. Their decline is usually gradual, shaped by long-term structural changes. Yet, history occasionally records moments when a

Diego Garcia-Chagos Islands deal is delayed

More than a year ago, the UK agreed to grant Mauritius sovereignty over the Chagos Archipelago, which Britain has governed as the British Indian Ocean Territory since 1965. But the treaty to transfer sovereignty has hit choppy waters. The deal has stalled in the UK Parliament

Ghosts of 1997 and 2008 stir as Iran spooks markets

TOKYO — Asia is seeing ghosts again. One apparition amid tight credit markets dates to the 2007-2008 global financial crisis. Another comes from 1997-98, when Asia’s debt-fueled growth boom ended disastrously. Economists can debate which comparison is more relevant to the