Headlines

Iran says no progress on reviving interim peace deal with US

DUBAI, Aug 12 - Iran and the United States remain at loggerheads over efforts to agree a permanent end to the war in the Gulf, according to a senior Iranian source who said there had been no progress in talks to revive the interim deal agreed in June and define a timeframe to

Asia

Why the Trump administration will have to accept a Hormuz toll

In the weeks since the US-Iran Memorandum of Understanding collapsed, Washington and Tehran have used the time to strengthen their respective positions in the event negotiations resume. For the United States, this has largely taken the form of overt threats by President Donald

Asia

Why China’s war on deflation is faltering in real time

NEW YORK – Earlier hopes that China had beaten deflation took a hit this week. China’s consumer prices rose just 0.5% year-on-year in July, down from June’s 1% rate — the slowest pace in six months and the third straight month of deceleration, despite surging energy prices amid

Asia

Trump-class battleship designed for a bygone era of warfare

The Trump-class battleship risks becoming more of a prestige project than a practical answer to the US Navy’s longstanding challenges in fleet modernization, emerging technologies and power projection. This month, the US Congressional Budget Office (CBO) released a report

Asia