The historic crash in oil prices in the wake of the coronavirus pandemic is reverberating across the Middle East as crude-dependent countries scramble to offset losses from a key source of state revenue — and all this at a time when several of them already face explosive social unrest. Read Here – APNews
Markus Soder’s political instinct combined with his charismatic media appearances make him a qualified prime candidate for Germany’s conservatives at next year’s election. There are just a few hurdles in sight. Most importantly, Soder is ‘only’ chairman of the CSU, representing one federal state while the CDU is present in the other 15. Both parties […]
The pandemic has raised the stakes of the competition from a struggle for economic dominance to a contest between rival models. Whose system is better designed to adapt to the global crises, whether of public health or the climate, that lie in our future? Read Here – Foreign Policy
In 1979, Israel and Egypt signed a historic peace treaty, overseen by the United States, which inaugurated diplomatic relations between the two countries and made Egypt the first Arab nation to recognise the State of Israel. Air Sinai, founded in 1982, fulfils a term in the treaty that had to be implemented within three years […]
The richest man in China opened his own Twitter account last month, in the middle of the Covid-19 outbreak. So far, every one of his posts has been devoted to his unrivalled campaign to deliver medical supplies to almost every country around the world… The billionaire entrepreneur is the driving force behind a widespread operation […]
Denouncing China was a bipartisan sport in Washington well before the coronavirus pandemic, but now leaders in Europe, where the pandemic has also hit hard, are clamouring for accountability from China because of its early missteps and obfuscation, which abetted the spread of coronavirus around the world. But how severely can they really punish a […]
The seeming confidence expressed by global equity markets in the face of the COVID-19 pandemic has surprised many – including many market participants. But a closer look reveals an unambiguous message: The global economy is facing a long, deep malaise, followed by a “new normal” of reduced earnings and profitability for all but a chosen […]
They said we were going to uncouple from the Middle East. Barack Obama, they said, was going to pivot to Asia. Donald Trump was, finally, going to get the United States the hell out of there. Intellectually, politically and, most importantly of all, militarily, we were going to put this most vexatious of regions behind […]
Global remittances are projected to decline sharply by about 20 percent in 2020 due to the economic crisis induced by the COVID-19 pandemic and shutdown. The projected fall, which would be the sharpest decline in recent history, is largely due to a fall in the wages and employment of migrant workers, who tend to be […]
Halting the pandemic that is ravaging much of the world should be everyone’s top priority, but delaying an independent review of national and international responses won’t slow the spread of the disease. Waiting to initiate such an inquiry will only deprive the WHO and its member states of valuable feedback that could help them improve […]
