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These are the best of times and the worst of times in Singapore, the world’s only global city without a natural hinterland, whose prosperity and good governance are the envy of much of the world, and a model for others to follow. But while the city-state remains an alluring success story to...

NEW DELHI: India’s largest oil refiner defended yesterday a sharp hike in petrol prices that triggered protests and a political backlash, and vowed to roll back the measure if international oil prices fall. The country’s state-run oil firms announced a steep 11.5 percent increase in the price...