Trade

By Omar Kosh | – ( Middle East Monitor ) – Turkish politicians waited for several days before describing the events in Ukraine as a “state of war”, after first referring to it as the Russian invasion. Russia itself, meanwhile, refers to it as a “military operation”, in order to avoid the consequences, especially those […]

Banking

Turkey’s currency crisis is a textbook example of what not to do with interest rates

The Conversation

By Gulcin Ozkan | – Central banks around the globe are currently staring at inflation rates unseen in more than 20 years. Supply chain problems and labour shortages arising from the pandemic, combined with sharply rising food and energy prices, have pushed prices up by as much as 6.2% in the US, 4.2% in the […]

Banking

The Collapse of Turkey’s Currency fuels Power Struggle

Middle East Monitor

By Bakr Sidqi | – ( Middle East Monitor ) – On what was called “Black Tuesday” in the media this week, the value of the Turkish lira against foreign currencies declined sharply, bringing the exchange rate to 13.5 Turkish liras to the US dollar. While experts on the matter in Turkey and elsewhere are […]

Australasia

North America needs to invest in Green Energy in Indo-Pacific or Risk losing key Industry to China

The Conversation

By Jonas Goldman | – The Indo-Pacific region, which includes 24 nations and stretches from Australia to Japan and from India to the U.S. west coast, is home to both the largest concentration of humanity and the greatest source of global emissions. In 2020, the region produced 16.75 billion tonnes of carbon dioxide from the […]

China

China Emerging as Competitor to Tesla: Will it build the best Cars in the World?

The Conversation

By Tom Stacey ” Europeans and other western nations have dominated automotive excellence for over a century. Whether it is the satisfying thud of the door closing on a Volkswagen from Wolfsburg, or the beauty of a Ferrari from Modena, these brands are iconic – and very lucrative for their manufacturers. When we think of […]

Afghanistan

Taliban seek China as Silk Road reconstruction Partner

Middle East Monitor

Ali Hussein Bakir | – ( Middle East Monitor) – In an interview conducted recently with an Italian newspaper, the Taliban movement spokesperson, Zabiullah Mujahid, pointed out that the movement was ready to rely on China economically in its bid to manage the country following their swift takeover after the US troops withdrawal from the […]

Egypt

The Ever Given’s Blockage of the Suez Canal and World Trade showed the Downsides of Monopoly Capitalism

John Buell

Southwest Harbor, Maine (Special to Informed Comment) – News media, maritime experts, and a curious public could hardly take their eyes off the Ever Given, the mega cargo ship as long as the Empire State Building is tall. Viewers were stunned to see the ship swung sideways to the canal and thus blocking transit in […]

Climate Crisis

With Yellen at Treasury, Can we Finally get a Progressive Carbon Tax?

The Conversation

By Rachel Kyte | – Janet Yellen is poised to be the next U.S. Treasury secretary, and her inbox will require every ounce of her vast experience to pilot the economy through a daunting confluence of challenges. How the U.S. manages the economic recovery from COVID-19, the financial risks from climate change and inequality together […]

China

How incompetent Boob Trump took down America and launched the Chinese Century

Juan Cole

Ann Arbor (Informed Comment) – The twentieth century was dubbed “the American Century” in 1941 by Time magazine publisher Henry Luce. Luce hoped that Americans would abandon their isolationism and seek international allies, joining against the Axis in WW II. It was then more wishful thinking on his part than reality, but his wish arguably […]