Headlines

Energy crisis set to worsen as Trump weighs renewed Iran assault

The global energy crisis caused by President Donald Trump’s war with Iran is set to worsen in the coming months, as The Wall Street Journal reported on Friday that the world is “burning through its oil safety net.” Even though oil prices surged at the start of the war, which

Asia

Trump expected to drop IRS suit in exchange for MAGA slush fund

The top Democrat on the House Judiciary Committee on Thursday accused US President Donald Trump of “orchestrating a $1,700,000,000 fraud on the American taxpayer to line the pockets of his MAGA political allies” amid new reporting on the terms Trump is seeking in talks to

Asia

Trump’s Beijing trip delivers optics, not breakthroughs

Subscribe now with a one-month trial for only $1, then enjoy the first year at an exclusive rate of just $99. Salesman Trump leaves China with very little in his bagWilliam Pesek reports that Donald Trump’s high-profile Beijing summit yielded symbolism and corporate spectacle

Asia

Vietnam’s power bill hides a market economy lie

The proposal to gradually pass nearly 45 trillion dong (about US$1.8 billion) in accumulated losses from Vietnam Electricity (EVN) into future electricity prices reveals a deeper contradiction at the center of Hanoi’s economic strategy. For years, while Hanoi has persistently

Asia

Salesman Trump leaves China with very little in his bag

Few things enrage Donald Trump more than being upstaged, particularly when he is on the biggest stage of both his stints as US president — in Beijing. Though Trump World will deny that Nvidia CEO Jensen Huang did just that this week, he did. And global markets know it. Just as

Asia

Bangladesh barrage bet holds no water for India’s diplomacy

May 15 occupies a charged place in Bangladesh’s political memory. The date is observed as “Farakka Day”, commemorating the 1976 long march led by Maulana Abdul Hamid Khan Bhashani protesting India’s diversion of Ganges water through the Farakka Barrage. Nearly half a century

Asia