Headlines

Brace for higher US interest rates from the Fed

The bond market has been pushing interest rates higher in recent weeks. Though the Federal Reserve Board’s Federal Open Market Committee kept the benchmark federal funds rate unchanged at its Aug. 28-29 meeting, it could well follow suit by year’s end. The policy statement the

Asia

Suu Kyi proof-of-life photo is proof of nothing in Myanmar

Two things happened in Myanmar over the past week that belong side by side. On July 28, two Mandalay courts sentenced nine peaceful protesters to prison terms of up to 37 years under the junta’s “election protection” law and a counter-terrorism statute. Their crime was a

Asia

Private firms driving Russia’s new tech push in Ukraine war

Russia is introducing new technology into the Ukraine war. Will it help the Russians win in the conflict? Even more tantalizing, both were developed by private sector companies in Russia! Russia and Ukraine often tout new products sold to the public as wunderwaffen. Soon it

Asia

US in a losing race to replenish depleted missile arsenals

The US’s multibillion-dollar push to expand interceptor missile production could begin rebuilding depleted stocks, but long manufacturing lead times, industrial bottlenecks and cost imbalances mean the benefits will depend on how quickly new capacity translates into deployable

Asia