Wednesday, July 15, 2015
Since early this year, Beijing has been capitalizing on the fact that 2015 marks the 70th anniversary of the end of World War II and has repeatedly sought to embarrass Japan by reminding the world of its aggression against China in the 1930s and 1940s.
Greece's bailout deal isn't a deal -- yet. It only becomes one if Greece meets tough conditions, like quickly passing a slew of far-reaching economic reforms, cuts and privatizations.
While all eyes were on faraway Greece and its unsettled row with its creditors, a far bigger financial crisis was happening next door, in China. In less than a month since panic-selling started in mid-June, China's stock market has lost some US$3 trillion in value -- equivalent to more than 10 times the economy of the Philippines.
The euro was supposed to be "irreversible," binding the EU ever closer, but the draconian terms demanded of Greece for a new bailout may have destroyed that illusion forever, analysts said Monday.
Tuesday, July 14, 2015
On the frontline of the Greek debt crisis, the Franco-German partnership is in open conflict with Chancellor Angela Merkel and President Francois Hollande deeply divided over how far to go to keep Greece in the eurozone., 1 Comment
Thailand today looks stable on the surface. There have been no major clashes between progovernment and antigovernment citizens recently, though there was a bombing incident and a demonstration by prodemocracy students voicing antigovernment slogans in central Bangkok.
With the high-profile bombing of Italy's consulate in the heart of the Egyptian capital, the Islamic State jihadist group has stepped up its deadly campaign against the regime by striking Cairo's Western allies.
A few weeks ago, the official launch of the Asian Infrastructure Investment Bank took place in Beijing with 57 founding member states, including four members of the G-8: the UK, France, Germany and Italy.
Monday, July 13, 2015
Confucian ethics formed the cultural context in which traditional Chinese medicine was evolving and constituted the core of its ethics. Chinese physicians applied the principles of Confucian ethics in medicine. So we have a dictum: Medicine is the art of humaneness (醫本仁術).
> Joe Hung
Mainland China's GDP growth likely slowed further in the second quarter, an AFP survey has found, as a slowdown in investment and trade weighed on the world's second-largest economy.