As the leaders of the BRICS five meet in the Russian city of Ufa for their annual summit Jul. 8–10, their agenda is likely to be dominated by economic and security concerns, triggered by the continuing economic crisis in the European Union and the security situation in the Middle East.
It has been apparent for some time that we are in the midst of a historic shift of the centre of gravity of the global economy from the trans-Atlantic to what is now becoming known as the Indo-Pacific.
Up to 80 percent of global trade is supported by some form of financing or credit insurance. Yet in many countries there is a lack of capacity in the financial sector to support trade, and also a lack of access to the international financial system. Therefore the ability of these countries to use simple instruments such as letters of credit is limited.
The results of a survey
of what 3,500 young people between the ages of 18 and 24 – in all Arab countries except Syria – feel about the current situation in the Middle East and North Africa have just been released.
This month’s World Economic Outlook released
by the International Monetary Fund (IMF) only confirms that consequences of the collapse of the financial system, which started six years ago, are serious. And they are accentuated by the aging of the population, not only in Europe but also in Asia, the slowing of productivity and weak private investment.
Less than a week after everybody celebrated the historical agreement
on Nov. 17 between the United States and China on reduction of CO2
emissions, a very cold shower has come from India.
The number of hungry people in the world has declined by over 100 million in the last decade and over 200 million since 1990-92, but 805 million people around the world still go hungry every day, according to the latest UN estimates.
The appointment of Italian Foreign Minister Federica Mogherini as the new European Union foreign policy chief offers the opportunity for an overhaul of EU foreign and security policy.
India’s decisive stand last week not to adopt the protocol of amendment of the trade facilitation agreement (TFA) unless credible rules were in place for the development issues of the South was met with "astonishment" and "dismay" by trade diplomats from the North, who described New Delhi’s as "hostage-taking" and "suicidal".
Hopes are high that the 10th
Asia-Europe Meeting – or ASEM summit – to be held in Milan on October 16-17 will confirm the credibility and relevance of Asia-Europe relations in the 21st
Twenty-five-year-old Ragae Hammidi of Casa Blanca, Morocco wears two hats. Five days a week, she attends a business school. But on weekends, she is a journalist who goes out on the street with a small camera, shooting videos of people and issues that go untold by professional media outlets.
Only 16 percent of Africa’s population of over a billion is online. But as Internet and mobile phone connectivity grows rapidly, the continent wants to join forces with Asian powerhouses to change its digital landscape.
Extreme heat, flooding and water and food shortages will rock South Asia and Africa by 2030 and render large sections of cities inhabitable, if the world continues to burn huge amounts of coal, oil and gas, the World Bank is warning.
The crisis that started a few years ago with the collapse of major financial institutions in the United States is now centred in Europe and threatens other parts of the world. Many emerging countries in Asia and Latin America that had thus far avoided contamination because of their sound economic and fiscal policies and their timely adoption of domestic consumption stimulus packages are now beginning to experience secondary effects.