The US Federal Reserve and other central banks around the globe resolved the 2008 financial crisis by loosening controls over the money supply and reducing interest rates. Economists long urged caution over taking on excessive debt, but few countries heeded the warnings. As interest rates creep...
Debt regrets: President Recep Tayyip Erdoğan insists that "economic war" with the West, not mismanagement, encumbers the vibrant and entrepreneurial emerging economy
JAKARTA: The lira has collapsed after Turkey borrowed foreign currency, namely US...
US intelligence agencies point the finger at Russia for attempting to intervene in US and other democratic elections, but the shenanigans won’t increase Russian influence. “The rise of Donald Trump’s administration in the United States was supposed to be a boon for Russia,” explains Igor Torbakov...
Donald Trump announced plans to retreat from Syria and Afghanistan in December, and if true, Iran would benefit by increasing its influence with Syria, Lebanon, Yemen, Afghanistan and beyond. “The America First foreign policy places short-term profit above enduring human needs and values,...
Pushing through an open door: Iran takes advantage of US isolationism with paramilitaries such as those led by General Qassem Suleimano, left, meeting with Kurdish Peshmerga fighters, and a reinforced intermediate missile force
BLOOMINGTON, INDIANA...
Islamic State militants stun the world with senseless acts of violence, with the public beheading of a journalist covering civil war in Syria as the most recent example. Such atrocities are not limited to Islamic extremists and have been waged by throughout history by many other religious fanatics...
Click here for the article in The Telegraph.
Tourism is a major source of revenue and employment, particularly for the developing nations of the world. Historic monuments, sandy beaches, snow-covered mountains and tropical vegetation attract millions of tourists from rich countries seeking novelty and adventure while bringing in precious...
On water's edge: With its long sandy beaches, Cancun is Mexico's top tourist attraction but rising sea level could imperil its future
FRANKFURT: Tourism is one industry which has seen a phenomenal growth in an...
The successful takeover of Europe’s biggest steel company, Arcelor, by Mittal Steel, whose owner was born in India, is a setback for economic nationalists and protectionists. Shareholders, who saw monetary and strategic worth in the Mittal-Arcelor merger, bucked a board of directors that resented...
Fueling nationalism: The French proposal to merge state-controlled energy companies with a private firm to block foreign takeovers brought protesters to the street
FRANKFURT: The battle over Arcelor, Europe’s biggest...
Each political transition underway since the Arab Spring has its own characteristics, reports a group of researchers who conducted post-election surveys in Egypt, Libya and Tunisia. The international community should resist applying stereotypical responses. “A one-size-fits-all approach to the...
Where the votes are: Crowds jostle to vote in rural Tunisia (top); Egyptian women queue up to cast ballot
TRIPOLI: Transitions in Egypt, Libya, and Tunisia have yet to extend opportunities for political participation and good governance. Frustration...
A year after his inauguration, US president Obama has already seen his star sink. Slipping in the opinion polls and with his Democratic party losing its supermajority in the Senate, Obama appears weaker and threatened. What he does next is likely to have a profound effect on the rest of the world....
This time last year most of the world was abuzz with talk of hope and change following Barack Obama’s historic inauguration. Just 12 months on, hope has turned to fear and anger – at least among America’s increasingly volatile electorate.
Mr Obama’s...
