The vision for the ASEAN Economic Community (AEC) is a single market with a free flow of goods, capital and skilled labor, which should help the region compete with the likes of China for foreign investment.
Musk: “I still can’t quite believe it. I think this is a revolutionary moment. No one has ever brought an orbital class booster back intact.”
Elon Musk & Co. are aiming to land the rocket in an upright position on solid ground for the first time, a feat that could help rockets become as reusable as commercial airplanes.
The move conjured visions of the great opening of the Western frontier in the 19th century. But for now, the costs of pioneering the economic exploitation of space remain a little higher than just hitching a wagon.
Computer technology remains the fastest growing field for patents, followed by electrical machinery, measurement and digital communication.
The Asian friendship continues after Japan agrees to help India build and finance its first bullet trains, which will cut down travel time from Mumbai to Ahmedabad from eight hours to two.
Japan will help finance the rails, with prime ministers Shinzo Abe and Narendra Modi expected to deliver an official announcement during a visit this weekend.
U.S. exports remain constrained by sluggish global demand and the strong U.S. dollar, HSBC points out, but the bank expects the medium-term outlook for U.S. exports to improve as emerging markets recover from a cyclical slowdown.