Asia

Modi says India will fight foreign threats

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India can defend itself from anyone who seeks “to act against our country,” Prime Minister Narendra Modi said in an Independence Day speech Aug. 15 amid a tense standoff with Beijing over a Himalayan plateau. NEW DELHI – Agence France-Presse Hurriyet “Security is our top priority,” Modi said in a speech before thousands at the landmark Red Fort in New Delhi as the country marked the 70th anniversary of the end of British colonial rule. “Be it the sea or ... Read More »

Tough talk has lifted cost of insuring South Korean debt

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Five big themes likely to dominate thinking of investors and traders in the coming week Reuters Asia Times 1. Jaw-jaw, sell-sell An unnerving war of words between Washington and Pyongyang has pushed the cost of insuring South Korean debt against default to its highest in 1-1/2 years and the expected volatility of the Korean won is creeping higher. Gauges of market risk have been rising but are far off their peaks as the expectation still is that diplomacy would prevail ... Read More »

Elephant and tiger attacks highlight India’s wildlife conflict

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Members of the Paharia tribe living in the upper hill regions of India’s Jharkhand state have been spending sleepless nights. A marauding elephant has trampled at least 15 local people to death in the past few months. Anbarasan Ethirajan BBC Further north, villagers living around the Pilibhit Tiger reserve in Uttar Pradesh are up in arms after three people were killed by a tiger within a week. At least 16 people have been killed in tiger attacks near the reserve ... Read More »

Japan’s Abenomics failure is 30 years in the making

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This is the second in a two-part series on how world economies are relying on 30-year-old tools that won’t work today WILLIAM PESEK Asia Times Japan’s Shinzo Abe has a bad case of Yasuhiro Nakasone on the brain. It’s not that the current prime minister constantly evokes the name of the one who served from 1982 to 1987. But in word, deed and worldview, Abe has read from the playbook of a fabled leader his dad, Shintaro Abe, served as ... Read More »

Turkey BLASTS US and EU sanctions against Russia

Russia's President Vladimir Putin and Turkey's President Tayyip Erdogan attend a news conference at the Presidential Palace in Ankara December 1, 2014. REUTERS/Umit Bektas (TURKEY - Tags: POLITICS)

Turkey is defying history with its warm relationship with Moscow. Turkey’s economic future is solidly dependant on Russia and the eastward looking markets that cooperation with China represents. ADAM GARRIE TheDuran This attitude was confirmed by Turkey’s Foreign Minister Mevlut Cavusoglu who criticised the Russian sanctions which are on the books in the United States and European Union. Mevlut Cavusoglu further stated that Turkey has often been the victim of such sanctions and as a result Ankara has developed a strong ... Read More »

Nobel laureates urge Saudi king to halt 14 executions

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UNITED NATIONS (AP) — Ten Nobel Peace Prize winners are appealing to Saudi Arabia’s king and crown prince to show mercy and halt the executions of 14 young people sentenced to death for participating in protests in… EDITH M. LEDERER The Associated Press The Seattle Times In a letter released Friday they said staying the executions would “correct a great injustice.” The laureates said the 14 were convicted and sentenced in a mass trial “based on the actions of the ... Read More »

Fifty-five more migrants feared drowned off the coast of Yemen

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The UN says smugglers forced some 180 Ethiopian and Somali migrants off their boat into rough seas. Over 100 were rescued, five confirmed dead. Reuters TRTworld It was the second such incident in the past two days. Some 180 young Ethiopian and Somali migrants, many weakened by hunger and drought in their home countries, were forced from a boat into rough seas off Yemen by smugglers on Thursday, and 55 were presumed to have drowned, the… It was the second ... Read More »

Vietnam bank profits poised to pop

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Double-digit profit growth rate points to a bubbly credit boom that threatens to inflate underlying problems in the unreformed finance sector. Alan Boyd Asia Times Vietnam’s crowded banking sector is popping the champagne after reporting double-digit profits in the first half of the year, but a bubbly credit boom seems poised to pop later in the year. Pre-tax earnings of the nine listed banks grew by an average 30%, with Vietcombank reaping $232.5 million, VietinBank $212.4 million, BIDV $164.1 million and Military Bank $111.7 ... Read More »

How India, Pakistan and Bangladesh were formed

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This animated map shows how the borders of the Indian subcontinent have evolved since partition Shakeeb Asrar Al Jazeera Seventy years ago, in August 1947, the British decided to end their 200-year long rule in the Indian subcontinent and to divide it into two separate nations, Muslim-majority Pakistan and Hindu-majority India. The process of partition, however, was not simple. In addition to the British-controlled territories, the subcontinent also consisted of many other territories under French, Portuguese or Omani rule, as well as more than ... Read More »

Guam in Crosshairs of US and North Korean Wargames

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Many of the 163,000 residents of the tiny US territory of Guam are unnerved by North Korea’s threat to launch a mid-August attack that would create “an historic enveloping fire” around the… Lisa Remick Currency Solutions Others feel protected by the presence of 7,000 US soldiers on the island’s two US military bases, Anderson Air Force base and Naval Base Guam. Guam is the US’s strategic Pacific centre, with an arsenal including B-2 stealth bombers and nuclear-powered submarines capable of ... Read More »

Why China’s Commercial Sector Is America’s Real Strategic Foe

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Washington must take action to defend its national interests against malign Chinese commercial actors. Rep. Ted Yoho The National Interest Despite the furor they’ve caused, the revelations this month that North Korea has functioning ICBMs and miniaturized nuclear warheads shouldn’t come as a surprise. The foreign-policy community has watched for years as Kim Jong-un has steadily developed more advanced weapons capabilities. While most of the world has come together to constrain Kim’s nuclear ambitions, the sophistication of his weapons programs has ... Read More »

N Korea considers missile strike on Guam amid ‘mini nuke’ reports

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orth Korea said on Aug. 9 that it is considering plans for a missile strike on the U.S. Pacific territory of Guam, just hours after President Donald Trump told the North that any threat to the United States would be met with “fire and fury.” GUAM/SEOUL – Reuters Hurriyet The tension comes at a time when the U.S. intelligence reportedly concludes that North Korea had made a breakthrough and could now build nuclear bombs small enough to fit on missiles. ... Read More »

The Kurds’ Treatment In Turkey Is Indefensible

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Given the plight of the Kurds in Turkey and the need to find a solution to the 40-year-old violent conflict between the PKK and successive Turkish governments, I thought it was critically important to respond to Mr. Kurtulus’ criticism of my previous article and bring to light the terrible mistreatment of the Kurds under Erdogan’s reign of… Alon Ben-Meir, Contributor Senior Fellow, Center for Global Affairs, NYU HuffPost Kurtulus resorts to sweeping absurdities and dishonesty to rebut my position, but ... Read More »

North Korea is more rational than you think

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The assumption that the country is run by a lunatic is not only incorrect — it’s dangerous. Updated by Zeeshan Aleem Vox Would North Korea really fire a nuclear weapon at the US? As belligerent rhetoric between President Donald Trump and North Korean leader Kim Jong Un escalates to new heights, it’s a question that many Americans are asking themselves with increasing levels of fear and anxiety. Attacking the US with a nuke would seem completely reckless, since it would almost certainly ... Read More »

‘Erdogan is an enemy of Israel’: Knesset speaker

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Turkey-Israel relations have been frayed since Israel’s 2008 conflict against Gaza [AFP] Speaker of Israel’s parliament Yuli-Yoel Edelstein reacted the Turkish president’s comments on occupied Jerusalem yesterday by calling him an enemy of the Zionist state. The New Arab President Recep Tayyip Erdogan “was and will remain” an enemy of Israel, the speaker of the Israeli parliament said on Tuesday. Yuli-Yoel Edelstein anger was sparked by Erdogan’s comments Monday that Muslims should “increase their visitation” to the al-Aqsa Mosque and ... Read More »

Is anything left of Mosul?

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The battle to save the city and its people The brutal fight to rid Mosul of so-called Islamic State has left the northern Iraqi city in ruins, thousands dead and survivors scattered far and wide. By Lucy Rodgers, Nassos Stylianou & Daniel Dunford BBC Just how much devastation was caused by the battle between Iraq’s forces – backed by US-led air strikes – and the militant group, and what will happen now? While the battle for Mosul is over after ... Read More »