The DailyBrief

Thursday November 24, 2016

China holds a trump card that may discourage Donald Trump from instigating any kind of trade war with the world’s second largest economy: it’s near-monopoly in rare earth minerals, a key component in everything from iPhones to missile guidance systems. According to Allan von Mehren, chief analyst at Danske Bank: “If China was to stop exporting this it would be a big problem for the US, at least in the short term.”

China appears to be moving into a higher gear as the year end approaches, judging from a recent surge in two of the three indicators that Premier Li Keqiang once famously said he would follow personally to gauge the actual speed of growth in the world’s second largest economy.

French naval group DCNS plans to provide the Indian Navy with three more diesel-electric Scorpene class submarines that would be built entirely in Mumbai. India’s major shipyard Mazagon Docks Limited would build the three Scorpenes like the six others that had been completed, according to sources cited by French newspaper La Tribune.

Malaysia’s artistic community is slowly but surely reaching out to the world – and as Kuala Lumpur prepares to host its inaugural Gallery Weekend, from November 25-27, hopes are high that the event will shine a light on a scene not often revealed to outsiders.