Rwanda Attempts To Improve Global Standing
Despite the threat of war with its arch-rival Democratic Republic of the Congo (DRC) looming large, the Central African nation of Rwanda is hell bend on increasing its international standing, buoyed by its economic success after the 1994 genocide.
Why There Is ‘Not One Beggar In All Of Dhaka’
The economic turnaround in Bangladesh is there for all to see. It is no more what former U.S. Secretary of State Henry Kissinger called a "bottomless basket."
Powerful Conaie On A Collision Course With Ecuador Government
Indigenous groups in mineral-rich Ecuador are known for their bargaining power. When they act, the government takes note of it because their powerful body -- Confederation of Indigenous Nationalities of Ecuador (Conaie) -- is credited with toppling three presidents between 1997 and 2005.
Truckers’ Stir In Korea Applies Breaks On Global Supply Chain
The truckers' strike in South Korea has added salt to the wounds of the global supply chain networks as the fourth largest Asian economy is the global hub for cars, electronics and computer chips.
Now, China Says Its Banks Are ‘Too Big To Fail’
China is not a market economy, hence major enterprises and banks in the communist nation are all owned and manned by the government making cleaning up bad loans easier.
Nigeria Gets Ready For Polls Amid Sectarian Violence, Economic Woes
With Nigerian President Ahmed Buhari due to call it a day next year, the race is on to step into his shoes in the largest African nation, facing a severe economic crisis and gruesome sectarian violence.
South Africa: The Incredible Rise And Fall Of Gupta Brothers
From a small town in India's northern Uttar Pradesh to calling shots in South African government, owing to their proximity to former President Jacob Zuma, the story of the Gupta brothers seems right out of a Hollywood drama.
Saudi Oil Rate Hike Comes With A Price For Asia
Rich Asian nations which are limping back to normalcy from the pandemic will give their cash-strapped counterparts in the continent a good run for their money as Saudi Arabia, the largest oil producer, hiked prices for its black gold, for Asia, its largest market.
Economic Woes Deter Korean President Yoon From Celebrating Civic Poll Victories
Less than 25 days into office, South Korean President Yoon Suk-yeol said on June 3 that the economic situation in Asia's fourth-largest economy was too grave to talk about the civic poll victories of his party members in June 1 elections.
Chicken Becomes New Face Of Global Food Crisis In Singapore, Malaysia
From the ubiquitous chicken rice sold by hawkers to luxury hotels, every eatery in Singapore is hit because of the ban imposed by neighboring Malaysia, from where the city-state gets more than a third of its supply.
Despite Sea Of Troubles Philippines President-Elect Marcos Jr Will Cozy Up To China
The Philippines has protested against China's unilateral fishing ban in the resource-rich and busy waterway in the South China Sea even as president-elect Ferdinand Marcos Jr. is all set to court China as part of his promise of policy continuity.
Jacinda Ardern’s Policies Fail To Stop Kiwis From Leaving the Country
A population sick of Covid-19’s disruption and privations was quick to tie the Jacinda Ardern government to high inflation, supply shortages, and high fuel prices plaguing New Zealand currently and to desert the Pacific Island nation in large numbers.
Will Pandemic Lockdown In Shanghai Make Tesla Sick?
Tesla, the world's largest Electric Vehicle (EV) maker, is facing troubles at its China facility, one of the biggest for the U.S. EV giant anywhere, affecting its unanimous choice as the leader of global e-transport.
Does Col Khodai's Assassination Herald A Regime Change In Iran?
If Iran's external aggressors exert so much influence to carry out a macabre murder within the country, is a regime change on the cards in the Persian Gulf nation?
Davos Means Business Just Like QUAD Means Integrated Deterrence
At the QUAD summit in Tokyo and the annual World Economic Forum (WEF) meeting at the Swiss ski resort town of Davos, there is no room for the frivolous fringe to distract and divert attention because the meetings are taking place as history is at a turning point.
Printing More Money Can Bring Sri Lankans To Their Knees
Wickremesinghe said in his national address that he was forced to print money to pay salaries to government staff and to obtain dollars in the open market to pay for three ships with crude oil and furnace oil anchored in the Indian Ocean.
Indian Polishing Units Lose Sparkle After US Sanctions On Russian Diamonds
Diamond bazaars in India have gone quiet in recent weeks following U.S. sanctions on Russian diamonds, making nuptial ceremonies in the U.S. a costly affair.
Wickremesinghe Responds To 'Wanted Ad' For Sri Lanka's PM Post, Gets Selected
"Sri Lanka is now putting wanted ads for a PM," this was Ranil Wickremasinghe's response to a question by a daily few days ago about whether he would accept the post of the prime minister in an interim arrangement.
Marcos Jr Expected To Pick Up From Where Duterte Left
Ferdinand Marcos Jr is set to start his new innings as the Philippines' President on a winning note as the archipelago's consumption-based economy started doing well for the first time recently.
In Sri Lanka’s May Mayhem Confusion Reigns Supreme
Currently, all political parties in crisis-ridden Sri Lanka are sulking to shoulder the burden of putting things in order and heed the request of the executive presidency. Their reluctance has given enough room for the army to act on its own as the country is already placed under emergency.
Australia In Catch-22 Situation Over Chinese Secret Pact With Solomon Islands
Australian caretaker Prime Minister Scott Morrison is very much against the South Pacific island nation's pro-China tilt and its secret pact with the communist nation.
Buying Cheaper Russian Oil, A Straightforward Economic Decision For India
As the West is trying to make it difficult for Russia to sell its oil, nations like India and China have increased their purchase from Russia sighting their increasing energy needs. India's demand for cheaper oil from Russia, which China is already doing, is more of an economic calculation than political opportunism.
Scott Morrison In Trouble With Bleak Poll Prospects
With inflation rising twice as fast as wages, Morrison's Liberal-National coalition, which maintains a mere one-seat majority in the lower house of parliament, is under heavy pressure as the opposition Centre-left Labor is ahead in opinion polls.
India-China Trade War Takes A New Turn With Raids On Xiaomi
India has accused Xiaomi of breaching the foreign exchange laws of the country, forcing Indian Enforcement Directorate (ED), the country’s financial investigation agency, to seize the company’s assets in the country on April 30.
Report Reveals Russia Sits Pretty With EU Money To Fund Ukraine War
A study by Finland-based independent think-tank Centre for Research on Energy and Clean Air (CREA) showed that 71 percent of the €63 billion worth of fossil fuels, including crude, oil products, piped gas, LNG, and coal, were exported by Russia to the EU nations since the Russian invasion of Ukraine.
S. Korea’s President-elect Yoon Suk-yeol Hints At Joining QUAD, If Invited
Dumping a foreign policy that has consistently played an intricate balancing act between the U.S., with whom it has a military pact, and China, its leading trading partner, South Korean President-elect Yoon Suk-yeol has hinted at joining the Quadrilateral Security Dialogue (QUAD), if invited.
Tatmadaw Control Myanmar New Normal For Regional Countries, US
Myanmar is unusual following years of a quasi-democracy and the Feb. 1 coup d'état last year. It is investment, political and geopolitical influence that are overriding interest of the ASEAN, U.S., China, and India in Myanmar as its armed forces are subjugating an entire population.
Indonesia’s Palm Oil Export Ban To Add Up To Global Commodity Chaos
The decision by Indonesia -- the world’s biggest producer, exporter, and consumer of palm oil -- to halt the export of crude palm oil has threatened global vegetable oil supplies, fuelling global inflation further.
South Korea’s Olive Branch To Japan Ahead Of Biden’s Asia Visit
President-elect Yoon Suk Yeol of South Korea has offered an olive branch to Tokyo with the Ukraine crisis serving as a reminder to both countries of their reliance on their mutual ally the U.S.
A Weak-Yen Obsession Dents Japan Amidst Ukraine Crisis
Currency devaluation has been the preferred choice of Japan to boost its gross domestic product for decades. But the weak-yen obsession has now started to bite Asia’s second-biggest economy amidst the Ukraine crisis.