Israel’s landmark deal with the UAE to normalise ties could see businesses from the Jewish state operating on arch-rival Iran’s doorstep, but are unlikely to disturb Emirati economic ties to Iran. It could also pave the way for direct economic engagement between Israeli and UAE-based Iranian business people that would reap benefits from politics, experts say.
India has now come to a watershed. Its powerful government can either focus its efforts on reinvigorating the economy or it can proceed with a transformation of an imperfect liberal democracy into something very different. It is easy to understand the appeal of this dangerous project. But we must hope that Mr Modi will listen, even now, to the better angels of his nature.
The COVID-19 outbreak has hit at a time of much greater economic vulnerability than in 2003, during the SARS outbreak, and China’s share of world output has more than doubled since then. With other major economies already struggling, the risk of outright global recession in the first half of 2020 seems like a distinct possibility.
The British government still needs to negotiate the terms of its future relations with the EU, a task so complex that many doubt it can be completed by the end of the year, when another ominous deadline looms. In the meantime, the country will be stuck in EU purgatory, bound by the bloc’s laws and regulations but powerless to shape them. Trade deals with other countries remain to be hammered out. And at home, the toxic fallout of Brexit division will linger…
From 1990 to 2008, annual growth in world trade was fully 82% faster than world GDP growth. Now, however, reflecting the unusually sharp post-crisis slowdown in global trade growth, this cushion has shrunk dramatically, to just 13% over the 2010-19 period, leaving the world economy more vulnerable to all-too-frequent shocks.
In his brief time on the political stage, Donald Trump has commandeered the national conservative movement, remade the Republican Party in his image, and used his office to confer untold value on the Trump brand. Between their business holdings and their political influence, the Trumps could remain a fixture of American life for generations. The question now dividing the president’s children is not just which one of them will get to take up the mantle when he’s gone—but how the family will attempt to shape the country in the years ahead.
Some 48 years ago, when the U.S. and British Navies tried to threaten Indian security during the India-Pakistan war in 1971, the Soviet Union dispatched nuclear-armed flotilla from its Pacific Fleet based at Vladivostok in support of India. Ever since then, the city of Vladivostok, located in Russia’s Far East, has had a special place in the hearts of Indians. When Prime Minister Narendra Modi visits the city as the guest of honour at Eastern Economic Forum (EEF) in this month, he would be announcing India’s plans to invest in Russia’s Far East, thus, paying back the long-held Indian debt to Vladivostok.
Globalization, digital technologies, and other factors have allowed competitive US corporations to achieve market dominance. If the past is any guide, it is only right that these “superstar” firms should now be challenged by grassroots political movements protesting against an unholy alliance of private-sector and government elites.