Despite a mild economic slowdown amidst China’s economic rebalancing and the U.S. Federal Reserve tapering—and despite a dip in Indonesian shares following asurprisingly weak performance by the favorites in Wednesday’s parliamentary election—the general direction of Indonesia’s economy seems clear: onwards and upwards.

The conventional wisdom on U.S. alliances in Asia, at least in the West, Japan, and Taiwan (but not necessarily in South Korea), is that they are broadly a good thing. One hears this pretty regularly from U.S. officials and the vast network of U.S. think tanks and foundations, such as the Center for Strategic and International Studies and the American Enterprise Institute, and their many doubles in Asia.

Iran has reacted angrily to a European parliament resolution calling on diplomats to shine a spotlight on human rights in their negotiations with Tehran as part of a new strategy towards the country.

Bush’s first art exhibition, titled "The Art of Leadership: A President’s Personal Diplomacy," opens tomorrow at the George W. Bush Presidential Center in Dallas and features 30 oil-on-gesso-board portraits of foreign leaders painted by the president over the span of a year.

The United States discreetly supported the creation of a website and SMS service that was, basically, a Cuban version of Twitter, the Associated Press reported Thursday. ZunZuneo, as it was called, permitted Cubans to broadcast short text messages to each other. At its peak, ZunZuneo had 40,000 users.

The future is now. The economic crisis has sped up globalization, and we are already living in a new era. The strength of the BRICS countries has to compete with growth in the “double MIT” (Mexico, Indonesia, Turkey and Malaysia, India, and Thailand) and more. Of the world’s major global companies, 25% are in these countries.

The North and Midlands would be hit hardest by Britain quitting the European Union, according to an economic analysis which revealed that the number of jobs which are dependent on trade links with the bloc now exceeds 4 million.