Japan, China and South Korea are seeking to expand their influence in the Arctic as melting ice caused by global warming offers potentially lucrative access to resources and shipping shortcuts in the region.
U.S. President Barack Obama travels to Europe next month to start formal negotiations on a trading bloc that would dwarf any the world has seen. He should look for ways to integrate Turkey into this new order.
Sumitomo Mitsui Financial Group Inc. agreed to buy 40 percent of Indonesia’s PT Bank Tabungan Pensiunan Nasional for about $1.5 billion, the Japanese lender’s biggest purchase of a foreign financial firm.
The Chinese military has targeted U.S. government computers with intrusions that seek sensitive data, according to a report in which the Pentagon for the first time directly accuses China of a cyber espionage campaign.
Visiting China in 1928, when a rising Japan had begun to prey on its neighbor, the Japanese poet Akiko Yosano took a surprisingly broad-minded view of anti-Japanese passion among the Chinese: “It’s surely frightful from the imperialists’ point of view,” she wrote in her travelogue, “but for the Chinese people it must be celebrated in the name of humanity.”
Richard Branson’s Virgin Galactic space venture successfully conducted its first rocket-powered flight this week and may carry out a trial voyage into space by the end of the year. More than 500 “space tourists” have already signed up for the first commercial flight.