British voters didn’t just shock the world and the financial markets by voting to leave the European Union hours ago: They also ignored President Barack Obama, handed Hillary Clinton a potential economic burden and injected new energy into the populist currents roiling politics on both sides of the Atlantic. Read Here – Politico
The UK has voted to leave the European Union after 43 years in a historic referendum. Leave won by 52% to 48% with England and Wales voting strongly for Brexit, while London, Scotland and Northern Ireland backed staying in the EU. Read Here – BBC
The prince, who’s the son of King Salman, is leading Saudi Arabia’s biggest-ever economic shakeup, moving to cut subsidies and diversify the economy away from oil by generating an extra $100 billion in non-oil revenue by 2020. Read Here – Bloomberg
Two years ago, President Vladimir Putin decided to wait out Western attempts to isolate Russia economically and politically. This year’s St. Petersburg Economic Forum — an annual event informally known as Russia’s Davos — showed that his patience is gradually paying off, but business as usual still isn’t within reach. Read Here – Bloomberg
Today, China dominates the railway market, particularly for high-speed rail systems, which the Chinese are busily exporting to East Asia, Europe, and even the United States. China began to invest heavily in high-speed rail in 2007, seeking to create jobs and to improve the mobility of people and goods in its rapidly growing economy. Read […]
It is not difficult to see why the China-initiated “16+1” platform, grouping together China and 16 countries of Central and Eastern Europe (CEE), has been perceived as an esoteric one. While Central and Eastern Europe commonly refers to the part of the Europe with a shared communist past, the countries in this region have never […]
The price stabilization may have precluded a true test of the Saudis’ future strategy, though there is ultimately little reason to believe that maintenance of high supply has been abandoned; it has merely been recalibrated to make the Kingdom a price taker rather than maker. Read Here – The National Interest
Hillary Clinton triumphantly claimed the Democratic nomination for president on Tuesday, calling for party unity to stop Donald Trump as she became the first woman in U.S. history to lead a major-party ticket. Read Here – Politico
The problem of absent quality control has plagued U.S. infrastructure projectsin Afghanistan from the start. The Kabul-to-Kandahar road, due to the multiplicity of subcontracting agencies with no one actually accountable, initially omitted the many bridges and overpasses along the way, which meant that cars and trucks had to veer off the paved road and chart […]
A little more than two years ago, the U.S. wouldn’t let Narendra Modi into the country. This week, India’s prime minister will have the honour of addressing a joint meeting of Congress. Read Here – Bloomberg
looking beyond borders 