Philippines budget will help state and business

The new administration's first budget focuses on Duterte's priorities, but tax reform will be key to success

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Northern EU countries may lose influence post-Brexit

Building alliances will become more important as power in the EU will likely shift towards larger countries

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The risk may be less of a calculated US-Turkish breach by Ankara, than failure to map out medium-to-long-term strategies

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Antagonisms have yet to be resolved 25 years after the Yugoslav break-up

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Region's central banks are running out of tools to shake off persistent deflation

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The coup attempt marks a watershed for Turkey, with important implications for foreign policy

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As relations deteriorate, Merkel can no longer afford being seen as soft

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Increases in capacity in pursuit of market share are beginning to impact US air carriers' profitability

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A stronger currency may exacerbate the Swiss economy's difficulties with low potential growth

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Bosnian politicians plumb new depths as Muslims block new IMF programme while Serbs plan provocative referendum

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