News Snapshot:
With the U.S. and Philippines holding the largest ever military drills in the South China Sea, followed by China and Singapore planning drills of their own, tensions are heating up as the Phillippines has reported a “confrontation” between two of its vessels and the Chinese navy. As one of the world’s most important shipping lanes for oil, minerals and food, whoever dominates the South China Sea will control over a fifth of global trade. But the biggest economic asset up for grabs in the region is Big Data — and the future of the entire internet depends on who wins...
