Pakistan’s new government has been in a mad dash to attract foreign aid and investment—most notably from Saudi Arabia—to offset a widening current account deficit, rising foreign debt repayment obligations, and avert a balance of payments crisis. Pakistan’s external financing needs will approach or exceed $30 billion this fiscal year.
Read Here – The National Interest
President Trump said that he believes the Saudi journalist Jamal Khashoggi is dead, and he expressed confidence in intelligence reports from multiple sources that strongly suggest a high-level Saudi role in Mr. Khashoggi’s assassination. Mr. Trump stopped short of saying the Saudi crown prince, Mohammed bin Salman, was responsible for Mr. Khashoggi’s death.
Read Here – The New York Times
China’s economy grew at a slower quarterly pace than expected, expanding 6.5 per cent in the three months ended September, as the country’s trade war with the US exacted a toll on exporters and manufacturers. The quarterly growth pace lagged the 6.6 per cent expected in a Bloomberg poll of economists, and was slower than the 6.7 per cent clip in the second quarter, according to data released by the National Bureau of Statistics in Beijing.
During the past three decades, there has been a momentous change in the global economy. One of the most troubling and puzzling features — the failure of poor countries to catch up to developed countries — has seemingly been overturned.
One of the digital planet’s many pleasures is that it has many distinct mountaintops. Different locations have offered different advantages: The US, Europe, China and India. But that era might be coming to an end. We may be en route to digital unipolarity as all the others cede the high ground to China.
Until two weeks ago, Western officials could, and did, excuse MbS’s domestic authoritarianism by citing his apparent reordering of a Saudi Islam as being moderate rather than the extremist version which produced, via irresponsible religious education and charitable giving, 9/11 and the Islamic State. Not any longer.
Also Read: The Irony Of Turkey’s Crusade For A Missing Journalist
The catalogue of apocalypses is thick, and its contents are easy to mock. There are many who are skeptical about current global-warming claims in part because they remember that only a few decades ago we were in a worldwide panic about global cooling and the new ice age that was supposed to be descending upon us…
Nearly two years into the Trump administration, over two dozen ambassador posts remain unfilled and without a nominee—including the ambassador positions in both Turkey and Saudi Arabia. That staffing gap issue resurfaced in the past week when Saudi journalist Jamal Khashoggi—who is also a U.S. resident—went missing in Turkey amid reports that he was murdered inside the Saudi consulate in Istanbul.
A growing number of Chinese have rushed to obtain long-stay visas or property in friendly foreign countries as an insurance policy against a worsening of domestic conditions. Spurred on by a lack of investment options at home and rattled by the sweeping anti-corruption campaign of President Xi Jinping, those with significant assets are looking for ways to move their money overseas, by legal means or otherwise.
From the military juntas that ruled Argentina and Chile in the 1970s and 1980s to Joseph Stalin’s iron-fisted regime in the Soviet Union, dictatorships have a long history of making their detractors “disappear.” Today, this sinister practice seems to be making a comeback.
