Headlines

AI is warping the time value of everything

Rising bond yields have put the time value of money back on the table. Investors are right to watch borrowing costs, distant cash flows and businesses that swallow capital by the billion. Across much of innovation, however, the price of taking too long deserves equal attention.

Asia

The coming war with Russia: a European road to ruin

NATO, EU and E3 leaders are taking Europe down a path to be ready for war by 2030. In the light of European bellicosity, Russia could decide to start this sooner. If so, the US would be unwilling to fight Russia on Europe’s behalf. Unable to defend itself against Russia’s

Asia

Mexico arrests alleged prominent fentanyl trafficker

MEXICO CITY, Sept 22 - An alleged Mexican drug trafficker accused of coordinating and financing an organization dedicated to transporting chemical precursors used for the production of fentanyl from China to Mexico and the United States was arrested in Mexico City on Tuesday,

Asia

Pakistan’s US opening looks well beyond the next crisis

Prime Minister Shehbaz Sharif is expected to meet Secretary of State Marco Rubio in New York on September 22, on the sidelines of the United Nations General Assembly. Trade, investment, counterterrorism and regional diplomacy are likely to feature, alongside Pakistan’s efforts

Asia

China neutralizes yuan tensions ahead of Trump-Xi talks

TOKYO – If US President Donald Trump plans to make a big issue of the yuan on Thursday, Xi Jinping’s team just complicated things for the White House. The yuan started the week at its strongest level since July 2022. The People’s Bank of China is guiding the currency of the

Asia

Cambodia’s anti-scam summit can’t whitewash its own record

This week, Cambodia welcomes foreign diplomats, law-enforcement officials and financial regulators to Phnom Penh for the “International Conference on Combating Online Scams.” Prime Minister Hun Manet’s administration is presenting the gathering as proof that it is ready to

Asia