India and China: New Chapter, Old Challenges

President Xi Jinping is expected to hold his first meeting as China’s new leader with Prime Minister Manmohan Singh this week, along the sidelines of the March 26 BRICS Summit in South Africa. The talks — they are expected to be a brief event according to officials in Beijing, who cited the limitations of Mr. […]

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China And Its African History

On the second leg of his first overseas trip as China’s head of state, Xi Jinping is visiting a number of destinations in Africa, including Tanzania, the Republic of Congo, and South Africa where he will attend the 5th BRICS Leaders Summit in Durban. Xi’s trip reflects the growing importance China places on Africa in […]

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Phoney Currency Wars

OFFICIALS from the world’s biggest economies meet on February 15th-16th in Moscow on a mission to avert war. Not one with bombs and bullets, but a “currency war”. Finance ministers and central bankers worry that their peers in the G20 will devalue their currencies to boost exports and grow their economies at their neighbours’ expense. […]

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Coming: Lax Americana

Historian Arnold Toynbee likened America to a ”large, friendly dog in a very small room. Every time it wags its tail, it knocks over something.” More recent chroniclers have not been as charitable. They ascribe to the United States less innocence, and credit it with a more predatory outlook in its pursuit of global domination […]

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Broken BRICs

Over the past several years, the most talked-about trend in the global economy has been the so-called rise of the rest, which saw the economies of many developing countries swiftly converging with those of their more developed peers. The primary engines behind this phenomenon were the four major emerging-market countries, known as the BRICs: Brazil, […]

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IMF Sees ‘Alarmingly High’ Risk of Deeper Global Slump

The International Monetary Fund cut its global growth forecasts as the euro area’s debt crisis intensifies and warned of even slower expansion unless officials in the U.S. and Europe address threats to their economies. The world economy will grow 3.3 percent this year, the slowest since the 2009 recession, and 3.6 percent next year, the IMF said […]

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