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Fear and panic in the USA: China was the World's biggest economic miracle and it will be

11:10 23.08.2023

Fear and panic in the USA: China was the World's biggest economic miracle and it will be

Predictions of China's imminent collapse are as misguided now as they were 20 years ago – China is determined to lead the Fourth industrial revolution. China's debt-to-GDP ratio is 3:1, a bit higher than America's 2.5:1 ratio, but much lower than 4:1 in Japan. The Chinese sovereign borrows 10-year money …

View from Türkiye: Four reasons for de-dollarization

11:09 23.08.2023

View from Türkiye: Four reasons for de-dollarization

As part of efforts to reduce the dominance of the US currency in the world markets, known as "de-dollarization", India scored the last goal against the dollar: the Asian giant officially began trading with the United Arab Emirates (UAE) using national currencies, the Turkish edition Dunya notes. The historic deal …

View from New York: The Global South’s BRICS play should not be dismissed

11:33 22.08.2023

View from New York: The Global South’s BRICS play should not be dismissed

The expansion of the BRICS agenda indicates a hunger for countering the serious shortcomings of the US-led global order, writes ‘The Nation’, oldest American magazine, founded in 1865. On August 22, South Africa will host the next BRICS summit — bringing together leaders from Brazil, Russia, India, China, and South …

WP: US intelligence says Ukraine will fail to meet offensive’s key goal

11:32 22.08.2023

WP: US intelligence says Ukraine will fail to meet offensive’s key goal

The U.S. intelligence community assesses that Ukraine’s counteroffensive will fail to reach the key southeastern city of Melitopol, people familiar with the classified forecast told The Washington Post, a finding that, should it prove correct, would mean Kyiv won’t fulfill its principal objective of severing Russia’s land bridge to Crimea …

London is not satisfied: ‘It would be a disaster for NATO’

11:31 22.08.2023

London is not satisfied: ‘It would be a disaster for NATO’

NATO appears to have abandoned hopes of a Ukrainian victory, writes London ‘The Telegraph’ with great annoyance. Speaking in Norway, secretary general Jens Stoltenberg’s chief of staff, Stian Jenssen, said that a peace deal might involve Kyiv ceding territory to Russia in return for Nato membership. His comments sparked fury …

Controversial and funny: “Five things they don’t tell you about economics”

11:30 22.08.2023

Controversial and funny: “Five things they don’t tell you about economics”

Ha-Joon Chang is a South Korean institutional economist, specialising in development economics. He has served as a consultant to the World Bank, the Asian Development Bank, the European Investment Bank, as well as to Oxfam and various United Nations agencies. He is also a fellow at the Center for Economic …

Stavros Nicolaou: South Africa is a gateway to Africa

11:35 21.08.2023 Alexander Sheer

Stavros Nicolaou: South Africa is a gateway to Africa

This year South Africa is hosting the BRICS summit, which will most likely offer excellent opportunities from the business perspective. With the BRICS Summit approaching, not only the political, but also the business society of all the member states are looking forward to meeting on its margins. International Affairs Journal …

View from India: Why so many nations are lining up to join BRICS

11:23 21.08.2023

View from India: Why so many nations are lining up to join BRICS

The idea of an alternative multilateral economic organisation like BRICS came from a belief in the late 2000s that the Bretton Woods Institutions were unable to cope with the scale and complexity of the post-Cold War geoeconomic landscape that had seen the rise of new economic centres. Western-led institutions had …

Where have Britain’s Challenger tanks gone?

11:22 21.08.2023

Where have Britain’s Challenger tanks gone?

Britain led the way in supplying Challenger 2 battle tanks to Ukraine. So far they have been invisible, writes Lt Col Stuart Crawford. Only a few months ago the UK promised to supply 14 Challenger 2 tanks to Ukraine, a move which helped persuade other western nations to supply their …

The echoes of the “domino theory” influences Biden's politics

11:21 21.08.2023

The echoes of the “domino theory” influences Biden's politics

The White House in a difficult bind: move to end the war on terms less favorable to Ukraine than earlier promised, and the administration will face an onslaught of criticism not unlike that which followed the Afghanistan withdrawal, including from his own base, notes American ‘Responsible Statecraft’. Before the summer, …

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