Despite the shock fall in oil prices, Russian officials remain confident that stepping away from the OPEC deal was a wise decision and largely blame their OPEC partner for refusing to reach a compromise. According to an official statement, the Russian side offered to preserve the production cuts already in place until the second half of 2020 […]
Wall Street’s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 22% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession. Trading on U.S. stock exchanges was halted immediately after opening, as the benchmark S&P 500 .SPX fell 7% to its lowest […]
Saudi Arabia has launched a new crackdown against senior royals and top officials, according to several reports, in what appears to be Crown Prince Mohammed bin Salman‘s latest effort to consolidate control of all major levers of power inside the kingdom. Read Here – Al Jazeera
President Donald Trump and his team are talking up the opportunity to finally achieve stricter border security, wider tax cuts and reduced reliance on Chinese manufacturing amid the spread of the coronavirus throughout the U.S. Some officials see it as a narrow opening to offset the political damage from the coronavirus outbreak and deliver — […]
He has the same thing in common with Hillary as every other Democrat does: his party affiliation. To be sure, that is one thing that distinguishes him from Sanders and many of Sanders’ voters. Read Here – The National Interest
In 2014, Margot Wallström, then serving as the foreign minister of Sweden, proclaimed that the Swedish government would adopt a so-called feminist foreign policy, becoming the first nation ever to do so. Since then, Canada, France, and Mexico have followed suit, and a handful of other nations—most recently, Luxembourg, Malaysia, and Spain—have pledged to develop […]
Closing the economic gender gap requires upholding women’s rights and, in many places, ensuring their physical safety. This International Women’s Day, is the glass half empty or half full? In this Big Picture, World Bank Group President David Malpass says that unleashing the economic power of women is not only the right thing to do, but also can […]
The split between OPEC and Russia revived fears of a 2014 oil price crash, when Saudi Arabia and Russia fought for market share with U.S. shale oil producers, which have never participated in output-limiting pacts. OPEC was pushing for an additional 1.5 million barrels per day (bpd) of cuts until the end of 2020. Read […]
If there is any lesson to be learned from three decades of American interventions, it is that the politics of foreign lands are far too complicated for an outside superpower to intervene and not produce costly unintended consequences. Read Here – The National Interest
Policymakers and too many economic commentators fail to grasp how the next global recession may be unlike the last two. In contrast to recessions driven mainly by a demand shortfall, the challenge posed by a supply-side-driven downturn is that it can result in sharp drops in production, generalised shortages, and rapidly rising prices. Read Here […]
