The European Investment Bank wants to stop funding new fossil fuel-reliant projects by the end of 2020, a draft of the EU lending arm’s new energy strategy showed on Friday.
Nguyen Minh Quang, Erasmus University Rotterdam
Nikhila Menon, Ministry of Finance, India
America may no longer be open to desperate refugees, but, as former US special counsel Robert Mueller’s recent congressional testimony showed, it is wide open to anyone who wants to hijack its democracy. The country’s own president has removed the guardrails.
Elizabeth Drew is a Washington-based journalist and the author, most recently, of Washington Journal: Reporting Watergate and Richard Nixon’s Downfall.
In the European Union’s leadership negotiations this month, populist governments failed not only to act as spoilers, but also to secure any concessions at all. They now have every reason to worry that they will be held accountable for their routine violations of the rule of law when EU funds are disbursed.
Sławomir Sierakowski, founder of the Krytyka Polityczna movement, is Director of the Institute for Advanced Study in Warsaw and Senior Fellow at the German Council on Foreign Relations
Germany’s Ursula von der Leyen is far from being a bad choice to be the next president of the European Commission. Yet, alongside the general sense of relief that EU leaders managed to agree on a candidate, a nagging doubt remains as to whether Europe will really have the best person – and team – at the helm.
Dominique Moisi is a special adviser at the Institut Montaigne in Paris. He is the author of La Géopolitique des Séries ou le triomphe de la peur.
Anthony Rinna, Sino-NK
La Tunisie jouit, tous comme les autres pays du Maghreb, d’une position géographique favorable en Afrique qui pourrait théoriquement lui permettre d’être un sas entre l’Europe et l’Afrique subsaharienne (ASS), et de commercer avec son Sud.
Depuis 2015, les programmes de réinstallation des réfugiés ont connu une progression importante en Europe au point de devenir un élément central de la stratégie européenne d’asile. En 2017, le président de la République a pris l’engagement de réinstaller 10000 réfugiés en France d’ici la fin de l’année 2019. Ces réfugiés syriens et d’Afrique subsaharienne sont de plus en plus accueillis dans des petites villes et des zones rurales.
Explore the institute’s output, activities and achievements from the past year examining how to make the world more stable in uncertain times, new thinking on how societies can promote prosperity, and how to contribute to a more just society.
Cyberattacks are increasingly challenging critical national infrastructure. This paper considers the security by design approach for civil nuclear power plants and analyses areas of risk and opportunities for the nuclear industry.
Dr Beyza Unal, Roger Brunt
Many Iraqis feel that protest is the only voice they have left. They view the formal political and electoral process as just reinforcing the same elites who have repeatedly failed them since the US invasion of 2003 that toppled Saddam Hussein.
Dr Renad Mansour
Lord O’Neill is currently Chair of Chatham House, the vice-chair of the Northern Powerhouse Partnership and a member of Shelter Social Housing Commission. He is also a crossbencher in the House of Lords.
Jim O’Neill, Chair, Chatham House
Dr Leslie Vinjamuri, Dean, Queen Elizabeth II Academy, Chatham House
In 2010, Israel decided to enrich its Eastern Mediterranean strategy by looking for new partners. In so doing, it turned to Greece and Cyprus. Slowly and steadily, the three countries expanded their cooperation and overcame previously held stereotypes about one another. Trilateral summits have provided the basis for important discussions on energy, security, trade, and culture issues. The sixth tripartite summit, which took place in Jerusalem last March, was attended by US Secretary of State Mike Pompeo. US support for the tripartite relationship could create new possibilities for the future of the Eastern Mediterranean.
As US naval power declines, other powers – such as China, Russia, and, to a lesser extent, India and Iran – are set to increase their presence in the world’s naval lanes. Because American power depends on its dominance at sea, Washington’s ability to control Eurasia is coming under increasing pressure.
The Middle East is barreling toward a nuclear and ballistic missile arms race. That race is being aided and abetted by a US policy that views the region through the dual prism of the need to stop an aggressive, expansionary, and destabilizing Islamic Republic that seeks to dominate it, and the view of the region as a lucrative market for the US defense and nuclear industry.
Russia will carry out an observation flight over Norway
The focus would be on healthcare, education and culture
Spokesman of Ministry of Foreign Affairs Abbas Mousavi said on Monday that if Europe doesn’t take a practical action to remedy its renegade on commitments to the Joint Comprehensive Plan of Action, Iran will implement the third phase of reducing commitments decisively.
The European Union in a statement expressed its strong support for Iran nuclear deal, calling for practical action to lift sanctions.
UK senior diplomat who took part in joint commission of the Joint Comprehensive Plan of Action said that he was pleased with his presence, saying UK will honor its commitments to the JCPOA.
Russian Permanent Representative to the Vienna-based international organizations said that the states parties to the Joint Comprehensive Plan of Action taking part in theJCPOA Arbitral Commission held in Vienna on July 28 decided to usher in the process of lifting sanctions on Iran.
Iraq-Iran parliamentary friendship group met the Iranian ambassador to Iraq, stressing the parliaments’ roles in developing bilateral relations.
The Iranian government approved on Sunday a bill that recognises digital coin mining as an industrial activity.
Iran will continue to abandon more of its commitments pertaining to the 2015 landmark nuclear deal if the remaining parties to the accord fail to help Iran reap its economic interests, an Iranian deputy foreign minister said Sunday.
China has started military exercises in both the East and South China Seas near coastal areas, according to two navigation restriction notices released by maritime safety authorities on Monday and Sunday.
China’s Council for Promoting South-South Cooperation (CPSSC) seeks to explore trade and investment cooperation potentials and open communication channels between Egyptian and Chinese companies, Chairman of the CPSSC Lyu Xinhua said Sunday.
The Chinese Embassy in Cairo hosted a ceremony on Sunday evening to celebrate the 92nd anniversary of the founding of the Chinese People’s Liberation Army (PLA), which falls on Aug. 1.
The Xinhua News Agency learned Sunday from the National Development and Reform Commission and the Ministry of Commerce that Chinese importers have reached new deals with US enterprises on buying US agricultural products since July 19. Chinese businesses will keep making inquiries and increasing purchases.
Michael Pillsbury, one of US President Donald Trump’s advisers, said Thursday at the Washington DC-based think tank the Atlantic Council that “the competition to forever stop China from taking the position as No.1 in the world is primary for Trump,” according to the Voice Of America (VOA) Chinese site.
By Xu Hailin
Japan’s governing Liberal Democratic Party (LDP), led by Japanese Prime Minister Shinzo Abe and junior partner Komeito won a majority of the seats in election to the House of Councillors or the Upper House election, on July 21. According to The Nikkei, “Of the 124 seats that were contested, the ruling coalition secured 71, with Abe’s LDP winning 57. That is enough to give the coalition a majority in the Upper House.”
By Chen Yang
The Trump administration’s China approach recently triggered a new round of debates within the US, with both sides of the aisle expressing their views through open letters to US President Donald Trump. Amid growing bilateral tensions, the US narrative on China is being metamorphosed.
By Zhao Minghao
A widespread online article saying China will become the only nation in the history of the world that allows foreign capital to control its state-owned banks has generated vigorous debate. Some Chinese observers have expressed concern about whether the country has gone too far in allowing foreign investors to enjoy free access to China’s strategic assets.
By Hu Weijia
House Democrats have considered a bill aiming at tech companies like Facebook that would ban them from issuing Libra, a new cryptocurrency, and Calibra, a digital wallet. This is not the first time that cryptocurrencies have attracted global attention.
Editorial Board, ANU
Shinji Takagi, Asian Growth Research Institute
Hai Thanh Luong, RMIT
Purnendra Jain, University of Adelaide
India is likely to hold its first simulated space warfare exercise this week, according to the Times of India (TOI), after the country took a giant leap into space on Monday when its lunar mission Chandrayaan-2 lifted off from the Sriharikota space station.
By Hu Weijia
As China’s economy gets bigger and more competitive, the country will play a greater role in the international financial system. The yuan’s internationalization is an inevitable trend despite hardships along the way.
By Xu Weihong
Nick Bisley, La Trobe University
Dhruva Jaishankar, Brookings India
Digital technology and social media are increasing the scope for conflict and political mischief by bringing together large numbers of people from different cultural and political backgrounds. For many, the same word may have a different emotional or political valence, and the same sequence of words may be interpreted in contradictory ways.
Kaushik Basu, former Chief Economist of the World Bank and former Chief Economic Adviser to the Government of India, is Professor of Economics at Cornell University and Nonresident Senior Fellow at the Brookings Institution.
A new survey offers unprecedented data on public attitudes toward science and health. As the world faces profound science-related challenges – from climate change to antimicrobial resistance – policymakers, practitioners, and civic leaders would do well to learn as much as possible from it.
Jeremy Farrar is Director of the Wellcome Trust, a global charitable foundation dedicated to improving health.
As the nominee to serve as the EU’s next High Representative for Foreign Affairs and Security Policy, Spanish Foreign Minister Josep Borrell will have an opportunity to update Europe’s approach to foreign policy. Chief among the challenges facing the bloc is to reassert its own sovereignty in an age of great-power politics.
Mark Leonard is Director of the European Council on Foreign Relations.
In the early 1980s, the chairman of the US Federal Reserve, Paul Volcker, was able to choke off runaway inflation because he was afforded the autonomy necessary to implement steep interest-rate hikes. Today, the Fed is clearly under unprecedented political pressure, and it is starting to show.
Robert J. Barro is Professor of Economics at Harvard University and a visiting scholar at the American Enterprise Institute. He is co-author (with Rachel M. McCleary) of The Wealth of Religions: The Political Economy of Believing and Belonging.
A climate change victim in Iceland is set to be memorialized with a monument that underscores the urgent crisis.
What good is a hammer without a nail – or, for that matter, without a piece of wood? A hammer can be a powerful tool, but alone, it’s just a hunk of metal.
During the past decade, much of the discussion about start-up ecosystems has been centered on the question of which city or region will become “the next Silicon Valley”. Although there are several places with promising growth trajectories, we frankly think this view is short-sided. It implies there needs to be a new champion overshadowing the old one.
Marc Penzel – Founder and COO, Startup Genome
Many Asian countries are experiencing severe environmental pollution and are in need of effective environmental regulation.
Many Asian countries experience significant constraints on infrastructure investments required in urban city development.
Modern British politics is usually dated to either 1945 or 1979, both years symbolising generational resets that created new consensuses in British politics. As Tim Oliver explains, 2016 is the new year by which British politics is dated. But instead of a new consensus, post-2016 Britain faces a generation of constraining dissensus.
First produced 60 years ago to address improvements in Soviet tank design, the M60 Patton main battle tank remains in service with countries around the world. As a large international market for upgrades therefore remains, Michael Tong explores how Turkey and Jordan have attempted comprehensive upgrades to extend the life of the M60 Patton.
Les incidents dans le golfe Persique menacent une route majeure pour l’exportation du pétrole. Golfe persique « Soit tout le monde pourra utiliser le détroit d’Ormuz, soit personne ne le pourra. » La menace du général iranien Mohammad Ali Jafari, commandant du Corps des gardiens de la révolution, résonne aux oreilles des Anglais après la perte du Stena Impero.
Les élections qui se déroulent en Afrique sont-elles des vecteurs qui permettent de réellement garantir la promotion des alternances démocratiques et politiques ? Bilan après plusieurs décennies d’un rituel conçu à partir de règles et de procédures de légitimation du pouvoir à l’origine importées. Vers un retour de l’autoritarisme en Afrique ?
One of the most sensational revelations of the recently screened BBC Panorama documentary on antisemitism within the British Labour Party is the presence there of actual Holocaust promoters. The documentary did not address every element of Labour antisemitism, but did provide much new information on “smokescreening” by the leadership: the practice of falsely claiming that it took determined action against antisemitism when in fact it took only partial, lukewarm action.
None of the three actors in the Israeli-Palestinian conflict – Hamas, the PA, and Israel – envisions peace in the foreseeable future. It is this very absence of the prospect of peace that makes the Trump economic plan so timely. Engendering economic well-being does not solve deep-seated political conflict, but it does contain the prospect that differences can be expressed in less violent ways.
In September 2016, the European Council invited all euro area members to set up a National Productivity Board to focus on productivity and competitiveness. This column summarises the main findings of the first report of the Conseil National de Productivité, which analyses the causes of the French productivity slowdown that are common to other OECD countries and those that are specific to France. It also proposes a definition of competitiveness that should be useful for euro area macroeconomic policy debates and explains why current account imbalances in the euro area are both a sign of deficient adjustment mechanisms and a cause of concern.
Agnès Bénassy-Quéré, Olivier Blanchard, Laurence Boone, Gilbert Cette, Chiara Criscuolo, Anne Epaulard, Sébastien Jean, Margaret Kyle, Philippe Martin, Xavier Ragot, Alexandra Roulet, David Thesmar
With power over corporate resources as well as stature and prestige in the economic system, public-company CEOs to have sizeable influence over policy and political decisions. This column examines the political donations of more than 3,800 US CEOs of S&P 1500 companies to analyse their political preferences over time, across industries and geographical regions, and by gender. It shows that US public company CEOs have a significant preference for Republicans, who may benefit from public companies’ expanded freedom to spend money on politics.
Alma Cohen, Moshe Hazan, Roberto Tallarita, David Weiss
A “miscellaneous US troop” last week published an open letter addressed to US President Donald Trump. They maliciously attacked the People’s Republic of China led by the Communist Party of China (CPC). They said that China is “increasingly taking actions that imperil the US and our allies,” criticized US policy of “engagement” with China and asked the Trump administration “to stay the course on your path of countering Communist China.” Among the 130 signatories of the letter, many are retired military officers and former intelligence officers.
At Monday’s State of the Nation Address, Philippine President Rodrigo Duterte defended his agreement with Chinese President Xi Jinping to allow Chinese fishermen to operate in the South China Sea, or “the West Philippine Sea,” as it is known in the Philippines. He also said that the agreement would ensure there would be no war in the South China Sea.
By Li Qingqing
China’s growing presence in the Pacific island countries, especially in the Melanesian states including Papua New Guinea (PNG), has attracted Australia’s attention in the past few years. Interestingly, Australia, as the biggest donor to the Pacific island countries, has been luring the US and Japan to commit more for years. Finally, since China as an unexpected “guest” started to invest, the mood in Canberra has soured.
By Shen Yujia Source
The path of China’s reform and development has been fraught with Western criticism, as if the only genuine reform, in the eyes of some Western people, is China adopting the Western development model. Some Westerners want China to emulate it through reform and feel very disappointed if China doesn’t do it. But the fact is: China is different from the West. It cannot become like the West.
Chinese importers are considering new purchases of US farm products, but it would be simplistic or premature to claim that the trade dispute between the US and China over agricultural exports has reached a happy ending.
By Hu Weijia
The seizure of a British tanker is inextricably linked to US pressure on Tehran. Negotiation, not sanctions, is the answer.
Dr Sanam Vakil
Julio C Teehankee, De La Salle University
Against the backdrop of new tariffs imposed by the Trump administration and retaliation from targeted countries, notably China, the trade wars of the 1930s have received renewed attention. This column argues that they mainly served to intensify a pre-existing trend towards the formation of trade blocs. The trade wars of the present day may therefore serve a similar purpose as those in the 1930s, that is, the intensification of China- and US-centric trade blocs.
David Jacks, Dennis Novy
False pretences of knowledge about complicated economic situations have become all too common in public policy debates. This column argues that policymakers should take into account what they don’t know in their decision making. It describes a tractable approach for acknowledging, characterising, and responding to different forms of uncertainty, by using theories and statistical methods available at any particular moment.
Lars Peter Hansen, Thomas Sargent
Mothers in the US breastfeed their infants at higher rates today than at any point in documented history, but low-income mothers have become less likely to do so. A leading reason for mothers to stop breastfeeding is the need to return to work. This column uses data on over 270,000 mother-child pairs in California, which implemented paid family leave in 2004, to examine the relationship between paid family leave and breastfeeding. It finds that paid family leave significantly increases overall breastfeeding duration, suggesting that paid family leave may lead to longer-term health improvements for children and mothers, particularly among disadvantaged families.
Jessica Pac, Ann P. Bartel, Christopher J. Ruhm, Jane Waldfogel
Authors: Yiping Huang and Tingting Ge, Peking University
More than 100 Americans recently published an open letter addressed to US President Donald Trump, calling on the US government to adhere to a tough policy against China. Earlier in July, over 100 US experts signed an open letter addressed to Trump and members of the Congress titled “China is not an enemy.”
Violent protests, with the extradition bill as the pretext, continue to escalate in Hong Kong, although Chief Executive Carrie Lam Cheng Yuet-ngor said that “the bill is dead.” Some young people arbitrarily vented their violent feelings and hurt policemen, the rule of law in Hong Kong and their own futures.
By Mu Lu
Both socialist and capitalist countries regard democracy as a core value. The word is included in the names of many countries, but very few meet the goals of prosperity, democracy, civilization, and modernization. One reason is some have inverted cause and effect. Democracy should be an outcome of development, not a cause.
By Zhou Dewu
US President Donald Trump is scheduled to hold his first meeting with Pakistani Prime Minister Imran Khan in Washington on Monday. The White House invitation to Pakistan represents the US’ willingness to repair fraught bilateral ties and rebuild an enduring partnership, the Associated Press of Pakistan (APP) reported, citing a US official.
By Hu Weijia
The countdown to Shanghai Stock Exchange (SSE)’s STAR Market is in its final hour. From November 5, 2018 until today, it has taken 259 days for the STAR Market to officially take off. It will bring vitality to China’s capital market. It is not only an important part of China’s plan to deepen the capital market reform system, but also a significant experiment in China’s financial supply-side reform. The market is conducive to pushing the nation’s technological innovation, which is set to be expedited by the capital market reformist drive.
By Wu Jinduo
As an apparent act of defiance against Western countries’ reluctance to support it against US sanctions, Iran has begun to enrich uranium beyond the level permitted by the nuclear deal. This fact, together with the information revealed by the smuggling out by the Israelis of Iran’s nuclear weapons program archive, belies Tehran’s oft-expressed claim that its nuclear program was always for peaceful use and shows the hollowness of the nuclear agreement.
Against the backdrop of the persecution of Christians in the Middle East in general and in the Palestinian Authority-controlled territories in particular, it is worth recalling a saying that many Muslims have voiced down through the generations: “First we’ll take care of the Saturday people, then the Sunday people.”
Editorial Board, ANU
David Dapice, Harvard Kennedy School
Hai Hong Nguyen, Queensland University of Technology
Harrison Akins, University of Tennessee
Author: Ruji Auethavornpipat, ANU
The field of international peace mediation has become increasingly complex. Proliferation of actors that are able and willing to mediate has made multiparty mediation a standard format through which conflicts get managed. Due to their ad hoc nature, multiparty mediation efforts require specific mechanisms that will provide sufficient clarity and direction for the mediators involved. This paper departs by differentiating three distinct, yet highly interrelated, fundamental aspects that contribute to the overall success in multiparty mediation: cooperation, coordination and leadership. Treating coordination as a subset element of wider cooperation, this paper addresses the main challenges of achieving effective coordination in a given context. The paper highlights the relevance of information carrying capacity and premediated appointment of a leader when developing particular coordination mechanisms.
The recent United Nation Secretary General’s report on sustaining peace speaks to an urgent crisis of complexity in global affairs, where a wide assortment of nonstate actors wields more political power than ever before. In this context, the international community’s traditional ways of forecasting, planning, policymaking, and assessing impact are becoming rapidly obsolete. In response, policymakers are calling for more holistic or systemic approaches to peace and development. Unfortunately, these proposed changes are merely ‘systems light’, essentially a metaphorical characterization of peace systems where their component parts are seen as interconnected and complicated. This form of systems thinking is insufficiently informed by more sophisticated methods from complexity science. This article will illustrate how two methods derived from complexity science, causal loop diagramming and mathematical modeling, can help us understand the properties and dynamics of intervention in complex peace systems. Causal loop diagrams help us to identify the peace factors and the connections between them. Mathematical modeling helps us determine the quantitative results of the interactions between all the peace factors. Using these methods together can lead to new insights for peacebuilding and for mitigating the unintended consequences of well intended policies.
The dynamic quality of protracted intra‐state conflicts is a factor that complicates and sometimes confounds the efforts of peacemakers. Building on this insight, and given the prevalence of conflicts of this type in the contemporary international system, this paper takes up a central question: how can peacemakers adapt to changing dynamics along the parameters of a protracted intra‐state conflict in order to cultivate effective resolution of the conflict? Inspired by the theme of this special issue on new diplomacy in new conflicts, this paper draws on and modifies the concepts of ‘adaptive peacemaking’ and ‘adaptive peacebuilding’ (de Coning, 2018; Okulski, 2017) in order to provide a heuristic device for evaluating peacemaking efforts within protracted intra‐state conflicts. In that vein, this paper examines third‐party mediation within the setting of the second Sudanese civil war through the lens of a modified adaptive peacemaking approach. The resulting analysis allows for a conceptual and empirical assessment of the prospects as well as the perils of ‘adaptive peacemaking’ within the context of protracted civil wars.
As warfare mutates from intrastate to infrastate, it was Clausewitz himself who created his own paradigmatic exit: war is a chameleon. The changing nature and trajectories of war have also changed the way that international mediators have deployed and used their skillsets. From liberation movements who fought for a new sociopolitical agenda to fragmented rebel formations and individuals who fight for self‐interests and preservation, mediators have to adapt to the new realities. The real actors are invisible or fluid in shape and structure, and interventions tend to be mired by a lack of appropriate response mechanisms. Along with a dissipation of Western values and culture, and the rise of proto‐states and secessionist movements, the brewing sandstorms of new wars over a new world power dispensation pose a tremendous challenge for mediators. The article will reinforce mediation theory and applied practice through a review of past experiences and a call to supplement state level instruments of mediation with local level cultural dialogue capacities (highlighting early warning and early responses) and the creation of safe spaces through integrated and complementarity approaches to interventions.
This article analyzes the evolution of concert diplomacy in the past 370 years. It argues that negotiations bridging gaps are vulnerable unless parties have some control over each other. As modern technology makes war more costly, concerted negotiations are becoming increasingly important. This study raises questions about the future role of concert diplomacy in a globalizing world in which states and diplomats are losing their age old hegemony in international relations while some politicians do not shy away from deleting agreements that have already been signed and ratified. Pacta servanda suntseems to lose some of its significance. This contribution concludes with recommendations for enhancing the effectiveness of working together through negotiation processes in concerto, even if the concert becomes unharmonious.
Elément clé de la supériorité militaire, la domination informationelle par l’exploitation du champ électromagnétique est aujourd’hui remise en cause par des capacités de guerre électronique de plus en plus sophistiquées. Quatre perspectives sur cette thématique.
Olivier LETERTRE, Patrick JUSTEL, Romain LECHÂBLE, Stéphane DOSSE
Spokesman of the Iranian Armed Forces Brigadier General Abolfazl Shekarchi on Friday denied the claim raised by the president on downing of an Iranian drone and announced that all of our unmanned aerial vehicle (UAVs) are intact.
An Arabic-language daily based in Beirut, Lebanon on Friday referred to US President’s claim on downing of an Iranian drone in the Strait of Hormuz and said Iran has the upper hand in regional developments and whatever happens, the country will be the winner.
Deputy Foreign Minister Seyyed Abbas Araghchi said on Friday that the Islamic Republic of Iran has not lost any drone in the Strait of Hormuz.
Iranian Foreign Minister Mohammad Javad Zarif, who is in New York, met on Thursday evening with UN Secretary-General António Guterres on regional developments in the Middle East region.
Iranian Foreign Minister Mohammad Javad Zarif said on Thursday evening that he was not aware of any downing of an Iranian drone in the Strait of Hormuz.
Iranian Foreign Minister Mohammad Javad Zarif in a message on Thursday evening reminded White House of Iran-US borders and the position of the Strait of Hormuz on the map.
Czech Minister of Foreign Affairs Tomas Petricek on Thursday hoped that Czech Republic’s joining INSTEX would lessen commercial problems with Iran.
Azerbaijan Republic’s Defense Minister Zakir Hasanov on Wednesday described military cooperation between Tehran and Baku as successful.
Iran and Pakistan have agreed to further strengthen border cooperation and reaffirmed their commitment to expedite opening of new border crossing points with mutual understanding.
President Hassan Rouhani said on Thursday that Iran is determined to keep all paths open to maintain nuclear deal officially known as Joint Comprehensive Plan of Action (JCPOA).
In the early days of his administration, Brazilian President Jair Bolsonaro announced plans to privatise several of the country’s largest state-owned enterprises and airports. Fearing such a move would lower both wages and employment, labour unions organised in opposition to Bolsonaro’s plans. This column looks anew at evidence testing whether privatisation offers more than merely an immediate infusion of revenue, and finds that while increases in efficiency might contribute to Brazil’s overall economic growth, privatisation could also expose the country’s most vulnerable workers to significant risk of decreased wages.
Is the rise of ‘atypical’ work arrangements – such as self-employment, freelancing, gig work and zero-hour contracts – a result of workers wanting such jobs or because they have no other choice? This column reports evidence from the UK and the US that while atypical workers may like flexibility, they would prefer a steady job. Indeed, workers would agree to earn less in order to increase their employment security.
Modern monetary theory (MMT) has recently gained prominence in light of doubts about the effectiveness of monetary policy in addressing economic shortfalls. This column assesses the implications of implementing the theory’s policy prescriptions, and the challenges it presents in the case of Japan – an economy that some have argued has already been subject to such policy. Japan’s labour shortages and low inflation mean modern monetary theory’s fiscal stimulus suggestions may be harder to implement than they initially seem.
French lawmakers just voted for a digital services tax that takes aim at two dozen large tech companies, including several high-profile U.S. brands. The move caused bipartisan dismay in Washington, and the White House has threatened retaliatory tariffs. But more countries could soon follow France’s lead.
The recent designation of Ebola as a “public health emergency of international concern” by the World Health Organization (WHO) is a positive development in efforts to contain the disease. The decision highlights the importance of containing the disease to an international audience; the WHO’s designation is being widely carried by the international media.
US President Donald Trump announced on Thursday that a US warship destroyed an Iranian drone in the Strait of Hormuz.
Turkish Presidential Spokesman Ibrahim Kalin held a conversation with US National Security Adviser John Bolton by phone on Thursday, discussing Turkey’s exclusion from the F-35 fighter jet program.
Larry Kudlow, director of the US National Economic Council, recently said, “I think if they keep moving the way they’re moving, they’re on the wrong side of history. They’re not the Soviet Union, but this kind of government control, statism, never works for long.” His comments were made public on Wednesday in a report from Sinclair Broadcast Group.
The US-China trade war has generated heated debate over whether China will weaponize its holdings of US Treasury debt by dumping these securities into the market.
By Hu Weijia
The US-China trade war has lasted more than a year, only to see both sides take casualties. According to data released by China’s General Administration of Customs last week, during the first half of 2019, China’s exports to the US fell by 8.1 percent year-on-year to $199.4 billion, while imports plunged 29.9 percent to $58.92 billion, resulting in a trade surplus of $140.48 billion. In other words, while the first half saw Chinese exports to the US decline, though not by too much, US exports to China collapsed quite sharply. In particular, US exports of agricultural products to China slumped over the same period.
By Yi Xianrong
For the Palestinians, accepting an economic deal that is not an annex to a convincing political solution would be tantamount to betraying Palestinian refugees – and, indeed, the dream of statehood – for a fistful of dollars. But that does not mean that they should reject the Trump administration’s “Peace to Prosperity” plan outright.
Shlomo Ben-Ami, a former Israeli foreign minister, is Vice President of the Toledo International Center for Peace. He is the author of Scars of War, Wounds of Peace: The Israeli-Arab Tragedy.
Without the UK, even integrated EU capital markets would be too small to meet the funding needs of European businesses. That is why global engagement, even at the cost of losing regulatory control, is critical.
Jonathan Faull, a former senior official at the European Commission, is Chair of European Public Affairs at the Brunswick Group.
Additional investments in early childhood nutrition are crucial, and should be a high priority for donor and recipient governments, multilateral development organizations, and philanthropic foundations. The case for such spending is clear, and the payoffs will almost certainly be enormous.
Bjørn Lomborg, a visiting professor at the Copenhagen Business School, is Director of the Copenhagen Consensus Center. His books include The Skeptical Environmentalist, Cool It, How to Spend $75 Billion to Make the World a Better Place, The Nobel Laureates’ Guide to the Smartest Targets for the World, and, most recently, Prioritizing Development. In 2004, he was named one of Time magazine’s 100 most influential people for his research on the smartest ways to help the world.
It is easy to get caught up in escalating strategic competition and conflict on Earth. But, 50 years after the Apollo 11 mission reached the Moon, guaranteeing the freedom to navigate the stars has become no less essential to global peace and security than safeguarding the freedom to navigate the seas.
Brahma Chellaney, Professor of Strategic Studies at the New Delhi-based Center for Policy Research and Fellow at the Robert Bosch Academy in Berlin, is the author of nine books, including Asian Juggernaut, Water: Asia’s New Battleground, and <em=” “=”” target=”_blank”><em=”>Water, Peace, and War: Confronting the Global Water Crisis.
The recent failure of EU leaders to commit to a goal of net-zero greenhouse gas (GHG) emissions by 2050 exposes remaining political divisions. The bloc’s major economies are pledging to eliminate emissions, bringing them into line with the global temperature stabilization goals of the Paris Agreement. But the alignment of all 28 member states remains elusive – several countries fear voter backlash if living standards are threatened.
Martina Larkin – Member of the Executive Committee, World Economic Forum Geneva
Relentless global warming threatens the potential success of a sweeping set of goals established by the United Nations to tackle inequality, conflict and other ills, officials have said.
Ellen Wulfhorst – Writer, Thomson Reuters Foundation
As Southeast Asia grapples with massive tides of rubbish hitting its beaches, a Cambodian coffee shop owner is looking to build a business out of some of this waste as a way to promote sustainability.
Chantha Lach – Writer, Reuters
Yiming Woo – Writer, Reuters
We need to re-examine the relationship between agriculture and climate.
David Perry – President and Chief Executive Officer, Indigo Agriculture
Author: Graham Ong-Webb, RSIS
Canada cannot deliver on its international obligations under the Paris Agreement without meaningfully engaging its small business sector. Small businesses are more than simple profit-maximizers: they are social and political actors. Policies and incentives to foster sustainability should be carefully tailored to respond to the variety of drivers at each size of firm, rather than employing the same approach across the spectrum. Government can accelerate small business sustainability innovation by providing information, cases and success stories; technical skills and expertise; financial support and incentives; and legitimation.
Now is the time to fish or cut bait when it comes to Canada’s nascent artificial intelligence (AI) sector. Like other startups, AI firms are facing several challenges including access to capital and qualified staff, regulatory hurdles and antiquated procurement rules. But to succeed, AI companies must also find suitable data; the raw material they need to design algorithms.
Last year, under pressure from its own employees, Google announced that it would not renew a contract with the US Department of Defense on Project Maven – a project to use machine learning to improve surveillance and target identification by military drones. Google employees felt that the initiative was “in direct opposition to our core values” and that the company “should not be in the business of war.” Google executives eventually agreed not to renew the contract. Yet, while Google appears to have ended its direct participation, Project Maven itself is ongoing; other artificial intelligence (AI) researchers and firms are stepping in to do the work. What was deemed an unethical use of AI by Google employees appears not to present ethical red flags for others.
US President Donald Trump met on Wednesday with 27 “victims of religious persecution” from 17 countries. Four of them were from China: A Falun Gong practitioner; one from Tibet; the spouse of another cult’s practitioner; and the daughter of the separatist Ilham Tohti. Tohti used to teach at Minzu University of China. It is hard for people to directly connect his illegal activities with his religious belief.
Which side, Washington or Beijing, is more anxious to reach a deal to end the damaging trade war that has lasted over a year? It’s clear the answer is the US, after President Donald Trump tried to paint China as the losing side in the prolonged trade war on Twitter Monday.
By Yu Jincui
In 2014, then Thailand’s head of the army General Prayut Chan-o-cha led a military coup and overthrew the elected Yingluck Shinawatra government. Prayut then became the prime minister as head of the National Council for Peace and Order (NCPO). At the beginning of his reign, Prayut promised to hold an election as soon as possible. However, the election kept getting delayed. The Thai people had almost lost hope of electing their prime minister.
By Yu Qun
Sunday, July 14th was a bright, sunny day. Everything seemed to be normal in the orbit of my life. Loved ones were happy and healthy and enjoying the summer relaxing however they liked. Neighbors gathered on the rooftop “sky room” for a bagel brunch party thrown by our apartment building. Outside the glass door that kept the cool air in, some children were splashing water on one another in the outdoor swimming pool that was glistening in the sun.
By Rong Xiaoqing
Annegret Kramp-Karrenbauer, la présidente de la CDU, succède à Ursula von der Leyen à la tête du ministère de la Défense. Malgré ses divergences sur l’Europe avec Emmanuel Macron, elle devrait poursuivre le projet de politique de défense commune européenne. Un test pour celle qui occupera peut être un jour la chancellerie.
Avec son président élu et réélu, la Russie a toutes les apparences d’une démocratie. Pourtant il ne fait pas bon y être dans l’opposition, les écarts de richesse y sont abyssaux et la corruption endémique. C’est ce que chronique l’écrivain et journaliste polyglotte Dmitry Glukhovsky dans son dernier ouvrage « Texto ».
Tatiana KASTOUEVA-JEAN, interviewée par Pierrick Fay dans l’émission La Story pour Les Echos
Depuis plusieurs années, les Forces d’autodéfense japonaises (FAD), comme la plupart de leurs homologues étrangères, ont amorcé un lent mais constant processus de féminisation, auquel le gouvernement Abe entend donner une nouvelle impulsion.
Author: Kazuhiko Togo, Kyoto Sangyo University
Zhao Lijian, Deputy Chief of Mission at the Chinese Embassy in Pakistan, posted several tweets Saturday in response to the 37 countries’ support for China’s governance in its Xinjiang Uyghur Autonomous Region, denouncing the mud which the 22 Western countries threw at China. Zhao pointed out that southeast Washington DC is a district where “the white never go” because “it’s an area for the black and Latin.”
The glory days of the US political system are tumbling down. A vote carried out by the US House of Representatives on Tuesday revealed once again how strong the smell of gunpowder is between Republicans and Democrats. As ex-Republican congressman Justin Amash, who quit the Republican Party earlier this month, said, “Our politics is in a partisan death spiral.”
By Ai Jun
Dubai’s opening-up is behind the Emirate’s prosperity, but long-lasting prosperity depends on enduring stability. Any visitor who stands on the 828-meter-tall Burj Khalifa – the tallest building in the world – and looks at the Strait of Hormuz is immediately forced to reckon the threats to the Gulf region’s stability.
By Ding Gang
US-Europe relations have taken another turn for the worse. Kim Darroch resigned on July 10 as the British ambassador to the US, because of leaked documents in which he said US President Donald Trump and his administration are “inept” and “dysfunctional.” On the same day, Washington announced it would launch a Section 301 investigation into France’s digital tax service.
By Sun Chenghao
For those who are eager to sell goods in China amid the trade war, we can tell them – don’t rush.
By Hu Weijia
Vietnam’s export revenue in the first five months of 2019 has seen a 6.7 percent increase year-on-year. Against the backdrop of a global economic slowdown and sprawling trade protectionism, this export performance has outshone other countries. In contrast, China’s exports within the same period have been fluctuating and waning. Some are worried about industries withdrawing from China. However, there is no need to get too anxious.
By Shen Jianguang
Author: Simon Theobald, ANU
The EU’s relationship with the Moroccan government reinforces the political status quo at a time when a growing number of Moroccans appear to want change.
With the International Atomic Energy Agency (IAEA) having recently concluded that traces of undeclared radioactive material were indeed found at a warehouse in Tehran, Mark Fitzpatrick argues the IAEA investigative process is working. A cooperative approach is the best way to provide for the greater access to suspect sites in Iran the IAEA needs if it is to resolve the issue.
In the new, more contested maritime domain, the United States Navy has hinted that the new design of its future Large Surface Combatant will resemble the Zumwalt-class large destroyers. But given technology trends, the US Navy may end up looking for a different balance of platforms to sustain current capabilities, Nick Childs argues.
Author: Aurelia George Mulgan, UNSW
Facebook’s announcement in June 2019 of plans to launch a “simple global currency” called Libra to “empower billions of people” to move money around the world with the ease of a text message has sparked predictable skepticism in the Trump administration, the US Congress, and the Federal Reserve. An equally revealing reaction, however, has come from China, which sees Libra as a threat to the comfortable lead it has enjoyed in financial technology or “fintech” since 2013. US officials need to pay attention to China’s response before setting rules that would stifle Facebook’s innovation before it can get off the ground.
After eight years as managing director of the International Monetary Fund (IMF), Christine Lagarde will become the president of the European Central Bank on November 1. Her tenure at the Fund was not without mishap, but she served the institution and became a consummate diplomat, skillful communicator, and substantive innovator. Nevertheless, the IMF remains vulnerable to the centrifugal forces affecting the global economy and imperiling financial cooperation.
There are serious challenges to global food supply everywhere we look. Intensive use of fertilisers in the US Midwest is causing nutrients to run off into rivers and streams, degrading the water quality and causing a Connecticut-size dead zonein the Gulf of Mexico. Chocolate production will soon be challenged in West Africa – home to over half of global production. A variety of nutritional impacts are predicted due to increased atmospheric carbon dioxide – including decreased protein content in food, which has a potential to exacerbate malnutrition. And this is just a very small sample of the risks to the food supply chain that are foreseen.
Michael Hamm – Oxford Martin Visiting Fellow, University of Oxford
Maram Ahmed – Fellow, School of Oriental and African Studies (SOAS), University of London
The future feels more threatening and ominous than ever. The sense of doom and gloom is deepening, not least in the West. The daily news headlines do not help. We are told that tensions between the US and North Korea, Iran, Russia or China could flare-up into a global conflagration.
“It will be largely cloudy in the north-west today, with a medium risk of extreme flooding because of climate change…”
2019 is a critical year for Europe. The rise of populist, nationalistic agendas has called into question the raison d´être of the European project and core European liberal values. With the new European Commission to be assembled this Autumn, now is the time to focus on a New Manifesto for Europe with fresh policy ideas. This open letter was written by the Global Future Council on Europe’s co-chairs, Miroslav Lajčák and Beatrice Weder di Mauro.
Miroslav Lajčák – Minister of Foreign and European Affairs, Ministry of Foreign Affairs of the Slovak Republic
Beatrice Weder di Mauro – Professor of Economics, University of Mainz
Iranian Foreign Minister rejected the unfounded accusation against Iran over alleged nuclear bomb ambition, saying it will not augment Iran’s security.
Iran’s Foreign Minister Javad Zarif on Wednesday condemned the US policies in support of aggressors, arguing that Iran as a victim of such policies had no choice but to develope their own defense capacities.
Turkmen Foreign Minister Raşit Öwezgeldiýewiç Meredow on Wednesday called for close cooperation of Tehran and Ashgabat in international and regional organizations.
The Ground forces of Iranian Army unveiled brand new drone capable of detecting , intercepting and targeting the threats on missions inside or outside airspace, Commander of specialized drone manufacturing unit of the Army said on Wednesday.
Iranian Foreign Minister says nice statements by Europeans do not provide economic benefit for Iranians.
Iranian Foreign Ministry spokesman said that Iran offered help to a foreign tanker with technical failure in territorial waters, adding that the routine practice of helping vessels in the Persian Gulf is going on.
Foreign Ministry spokesman said on Tuesday that Iran and Foreign Minister Mohammad Javad Zarif’s stances on the country’s missile capabilities are clear.
UN Member States and UN entities Tuesday (16/07) unveiled a new trust fund in support of achieving safe, orderly and regular migration.
“I want to help improve the cleanliness of my city,” says Oumar, sitting proudly on his three-wheeled motorcycle. “In five years, Daloa will be the cleanest city in Côte d’Ivoire. Hopefully, we will be recognized internationally as the new Kigali, Rwanda’s capital city: The cleanest city in Africa!”
This article was written by Florence Kim at IOM Regional Office for West and Central Africa
Escaping violence, war, poverty and environmental disaster, more people than ever are migrating worldwide. Some 258 million people – 3.4% of the global population – live outside their country of birth.
Associate Professor of Sociology, Fort Lewis College
Cryptocurrencies have given rise to an entire new criminal industry, comprising unregulated offshore exchanges, paid propagandists, and an army of scammers looking to fleece retail investors. Yet, despite the overwhelming evidence of rampant fraud and abuse, financial regulators and law-enforcement agencies remain asleep at the wheel.
Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.
A memorandum of understanding (MoU) aiming to strengthen the science, technology and innovation (STI) cooperation between China and Ireland was signed here on Monday.
The cooperation between China and Venezuela and the cooperation between China and Latin America adhere to the principles of mutual respect, equality and mutual benefits, and benefit both peoples, a Foreign Ministry spokesperson said Tuesday.
The People’s Bank of China (PBC), the central bank, on Wednesday continued to pump cash into the financial system through open market operations to maintain liquidity in the market.
Chinese payment and service platform Alipay started operating its facial recognition payment systems with beauty filters at Xinhua Bookstores, the largest bookstore in China, the company announced Tuesday.
China’s much-anticipated stock trading board for high-tech startups is off to a bounding start, as capital floods the new board with rising public anticipation for returns.
Pork prices in China are not to come down in the coming months as supply is expected to be tight in the second half of the year. With the increase of domestic output of substitutes, and rising quantities of imported pork, overall supply of the meat market is guaranteed, an official said.
China has not seen a large-scale exit in its manufacturing sector and is confident in attracting more foreign firms seeking long-term development, the top economic planner said Tuesday.
Pyongyang might end the scheduled working-level negotiations with Washington if a planned joint military exercise between the United States and South Korea happens, the foreign ministry of the Democratic People’s Republic of Korea (DPRK) warned on Tuesday.
On July 12, Turkey received the first elements of the S-400, a fourth-generation surface-to-air Russian missile system. Few recent weapon sales have been as geopolitically charged as this one. U.S. officials have threatened both military and economic sanctions should Turkey acquire the Russian system.
Last week produced relatively few incendiary tweets about trade and not a lot of news, aside from the French digital services tax and the similar UK proposal, so I’ll take advantage of the void and discuss a bigger picture issue—the state of globalization.
As tensions escalate between the United States and Iran in the Middle East, Russia is engaged in covert and overt cooperation with Iran in ways that undermine U.S. national security interests. This analysis of commercial satellite imagery at Tiyas Airbase in Syria indicates the scope and proximity of Russian and Iranian military ties. If Washington wants to contain Tehran and prevent further Iranian expansion, U.S. policymakers will need to increase pressure on Moscow to curb Tehran’s activites in countries like Syria.
A challenge as complex as migration cannot be addressed simply through stricter immigration laws, let alone a border wall like the one US President Donald Trump seeks to build on his country’s southern frontier with Mexico. Instead, policymakers must tackle migration’s underlying causes – beginning with a broken global food system.
The Chinese foreign ministry said on Friday that China will impose sanctions on US firms selling weapons to the island of Taiwan. The announcement made a splash in the US. A US State Department spokesperson said on Monday it will “closely monitor any actions that would unfairly disadvantage US firms” while tried to find excuses for the arms sale to the island.
Maximum pressure has become standard practice in Washington. The recent fierce debate on immigration issues in the US explains why US President Donald Trump is more inclined to maximize pressure on China. It also makes us more aware that the policy China has stuck to in the China-US trade negotiations is correct. For China, the best way to deal with maximum pressure is to resist stress with patience and endurance.
By Li Qingqing
In terms of global strategic architecture, China, Russia, and the US are crucial to the world. How can Beijing and Moscow deepen cooperation? How will the 2020 US presidential elections affect Russia-US ties? Global Times (GT) reporter Lu Yuanzhi talked to Andrey Kortunov (Kortunov), director general of the Russian International Affairs Council, on these issues at the sidelines of the Eighth World Peace Forum held in Beijing recently.
Beneath the recent unrest in the Hong Kong Special Administrative Region lie concerns about capital outflows. A private banking source in Hong Kong said that the super-rich have begun to shift their assets elsewhere, including to Singapore, the Straits Times reported.
By Hu Weijia
Some people attribute the success of China’s reform and opening-up to the “demographic dividend,” which is certainly not a comprehensive understanding. It would be a big mistake if we still regard the demographic dividend as a large supply of cheap labor. In my opinion, the broad concept of the demographic dividend should be classified into three levels: The first is the “cheap labor dividend,” the second is the “engineer dividend,” and the third is the “single market dividend.”
By Liu Ge
Zimbabwe’s foreign minister discusses his country’s prospects for international engagement two years after leadership change.
Facebook’s director of global affairs speaks to Thomas Farrar about the launch of the company’s oversight board, competition and government regulation.
Thomas Farrar, Brent Harris
Implementing the agreements to end the war in eastern Ukraine means that either Ukraine’s view must prevail, or Russia’s view must prevail. Western governments should be unequivocal in their defence of Ukraine’s.
Examining the common economic factors that continue to drive conflict in Iraq, Libya, Syria and Yemen, which have killed hundreds of thousands of people and displaced millions.
5G networks could revolutionize the digital economy, but with this opportunity come major cybersecurity challenges. U.S. policymakers need to respond using technical and regulatory measures, diplomacy, and investments in cybersecurity skills training.
Author: Stephen Costello, George Washington University
Author: Chaula Rininta Anindya, RSIS
Facebook’s planned cyber currency, Libra, is little more than a glorified currency board – the failed arrangement that in 2001 caused the largest sovereign default the world had ever seen. A major risk is devaluation – and the problems don’t stop there.
Roberto Chang is Distinguished Professor of Economics at Rutgers University.
Andrés Velasco, a former presidential candidate and finance minister of Chile, is Dean of the School of Public Policy at the London School of Economics and Political Science. He is the author of numerous books and papers on international economics and development, and has served on the faculty at Harvard, Columbia, and New York Universities.
A record number of women have thrown their hats into the ring to be the Democratic nominee in the 2020 US presidential election. But with the party still reeling from Hillary Clinton’s devastating loss in 2016, many are asking, “Can a woman beat Donald Trump?”
Elmira Bayrasli is the co-founder and CEO of Foreign Policy Interrupted and the author of From The Other Side of The World: Extraordinary Entrepreneurs, Unlikely Places.
Anne-Marie Slaughter, a former director of policy planning in the US State Department (2009-2011), is President and CEO of the think tank New America, Professor Emerita of Politics and International Affairs at Princeton University, and the author of Unfinished Business: Women Men Work Family.
Author: Kanti Bajpai, National University of Singapore
Authors: Jenny D Balboa, Tokyo University of Foreign Studies and Shinji Takenaka, Japan Center for Economic Research
The European Union (EU) opened the headquarter of its mission in Kuwait on Sunday.
Despite having built up suspense for months, the US government’s planned operations Sunday to evict about 2,000 undocumented immigrants were surprisingly low-key.
The talks scheduled for Sunday between Sudan’s Transitional Military Council (TMC) and the opposition Freedom and Change Alliance were postponed again, official SUNA news agency reported.
Leaders of France, Germany and Britain, European signatories of Iran 2015 nuclear agreement, on Sunday said they are “extremely concerned” by the fuelling tension in the Gulf region, which they said likely to put the accord at risk unless the concerned parties join the same table of talks.
Author: Editorial Board, ANU
Since placing the Popular Front for the Liberation of Palestine (PFLP) on its terrorist list in June 2002, the European Union (EU) has been subjected to sustained pressure to revoke its decision. The push has come not only from the Palestine Liberation Organization (PLO), the terrorist group’s parent organization, but also from left-wing EU parliamentarians and Western nongovernmental organizations (NGOs).
by Jan Kapusnak
While the so-called Islamic State (ISIS) has lost control of its statelet in Iraq and Syria, the war against the remnants of the organization is not over, despite President Trump’s claim to the contrary. Anti-Assad rebels still control various parts of Syria with non-ISIS jihadis controlling Idlib in the northwest and the Kurds commanding the northeast. Fighting over these enclaves will likely occupy the immediate future. In addition, any “deescalation” agreements remain subject to collapse or cancellation at the convenience of Assad and his backers. But the longer-term question is what happens next? Will the wars in Syria and Iraq finally end, or will there be another round of insurgencies? And will ISIS again go underground to rebuild as it has before?
by Thomas R. McCabe
The Syrian civil war produced one of the largest, longest, and most complex humanitarian crises of the twenty-first century. More than twelve million people have fled to Arab and Western countries since June 2011, including over 1.4 million to Jordan, equivalent to 14 percent of the Jordanian population.
The civil war that raged in Syria over the past eight years seems to be drawing to a close. In July 2018, the Syrian regime regained control of the southern part of the country, including the town of Dar’a where the revolt began in March 2011. Five months later in December 2018, U.S. president Donald Trump announced his decision to withdraw U.S. troops from Syria, driving the final nail in the coffin of the rebellion.
U.S. space exploration inspired a generation of students and innovators, but NASA’s role has diminished, and the number of global space competitors is growing.
Struggling stock picker Neil Woodford is considering exiting part or all of his stake in U.K. subprime lender Non-Standard Finance Plc, people with knowledge of the matter said, as the crisis-hit investment manager looks to liquidate more of his holdings.
The global selloff in long-dated bonds is dividing opinion among traders and analysts. Some explain it as profit taking, others point to the stronger-than-expected U.S. inflation data, and a few are flagging the possibility of a so-called reflation trade.
A new Ministry of Ageing, coordinating closely with the Manpower and Education Ministries, could help the authorities resolve emerging challenges such as the displacement of mature professionals, managers, executives and technicians (PMETs) due to automation, reported Vietnam News Agency (VNA).
The armed forces of Azerbaijan and Turkey conducted two late-spring joint exercises, around Baku (on May 1–3) and in the Azerbaijani exclave of Nakhchivan (June 7–11). The goal of these drills was to increase the level of coordination and interoperability between the two militaries, to fulfill joint combat operations, and instruct Azerbaijani servicemen on how to use Turkish weapons (Msb.gov.tr, June 6; Mod.gov.az, April 22, 24, May 1, 3, June 7).
The Romanian government’s multi-year bet on Vladimir Plahotniuc in Moldova collapsed when his personal power succumbed to internal and external challenges. Warning signs had pointed the way to this outcome, but Bucharest responded each time by doubling down on its political investment in Plahotniuc. The lessons-learned process will, at a minimum, reveal the pitfalls to be avoided as Romania rebuilds its relationship with Moldova (see Part One in EDM, July 10).
The common desire of Moscow and Beijing to develop railways linking Asia with Europe is not making as much progress as the two parties had hoped or as many had expected. This is due in part to international concerns involving third countries, including the Central Asian states, but it mostly stems from domestic political considerations inside Russia.
On July 1, a secretive Russian AC-31 (Project 10831) nuclear-powered submersible suffered a deadly onboard fire and explosion while operating underwater in the Barents Sea, close to the entrance to the Kola Bay (the Murmansk Fjord). Fourteen members of the AC-31 crew—including all senior officers aboard—perished in the fire.
South Korea’s presidential National Security Office (NSO) on Friday proposed to Japan that the two countries jointly ask an international body to probe into the handling of strategic materials by both countries after Japan’s indication of South Korea having illegally smuggled the materials to the Democratic People’s Republic of Korea (DPRK).
The first batch of Russian S-400 air defense systems was delivered in Turkish capital city of Ankara on Friday, the Turkish Defense Ministry said.
US trade authorities have initiated an investigation against France’s decision to tax digital giants, which are mostly US-based.
The French Parliament passed a new law to tax digital giants on Thursday, making France one of the first countries to tax “GAFA” companies, namely Google, Amazon, Facebook and Apple. In response, the United States Trade Representative (USTR) announced that it has initiated an investigation against the French law and its impact on US businesses.
The National Exhibition and Convention Center in Shanghai, the venue for the annual China International Import Expo (CIIE), is under construction to increase 5G coverage and expand its exhibition area, preparing for the second CIIE slated to take place this November.
After violent clashes on the streets of Hong Kong and political rants interrupted normal lives, a wave of anti-violence and rational sentiment has been gaining strength over the past few days, creating what many argue is a necessary response to radical elements that put the city’s prosperity at risk.
By Chen Qingqing and Wang Cong
Former foreign secretary of Britain said huge efforts are underway by European countries to find a way for implementing the Instrument in Support of Trade Exchanges (INSTEX).
All the Iranian officials are unanimous that the country has to reduce its commitments under the 2015 nuclear deal with world powers, according to Tehran’s interim Friday prayers leader Hojjatoleslam Kazem Seddiqi.
Russia’s Foreign Ministry spokeswoman noted that at the IAEA Board of Governors’ meeting, no country supported the US’ policies against Iran; instead, they called for implementation of the JCPOA to teach a lesson to the United States.
The Minister of Defense in response to the recent threats of the Zionist regime said that any enemy at each level who intends to violate the territorial integrity of Iran will get a decisive and crushing response.
By Joan Johnson-Freese
City and state governments should start with an informed, clear-eyed look at their vulnerabilities
BY WILLY FABRITIUS
The former defense secretary says defending America means defending taxpayers’ dollars
BY ASH CARTER
The area was being used during a U.S.-Ukraine-led exercise in the Black Sea
BY PATRICK TUCKER
Three Iranian paramilitary ships tried to block a 140,000-ton BP oil tanker in the Hormuz Strait, but the situation changed “dramatically” once an accompanying British warship, HMSMontrose, pointed its guns at the trio, according to the UKMinistry of Defence.
BY BEN WATSON,
During the face-off earlier this year between India and Pakistan over a terrorist attack that killed more than 40 Indian paramilitaries in Kashmir, New Delhi made an existential threat to Islamabad. The weapon was not India’s considerable nuclear arsenal, but one still capable of inflicting ruinous destruction: water.
By Conn Hallinan
The continuing bombardment of the Syrian province of Idlib by Russia, Iran, and Syrian dictator Bashar Assad has been ignored for far too long by the international community. Attention must be paid – in particular by Donald Trump, who is showing himself worryingly prone to “Obama moments” of hesitation and lack of resolve.
The rejection by Israeli intellectuals of Jewish spiritual and political activism, as exemplified in the preaching and actions of Rabbi Akiva, who was executed by the Romans for his support of the Bar-Kochba revolt (132-35 CE), runs counter to the thinking of David Ben-Gurion, who considered himself a disciple and successor of the eminent sage.
Both China and Russia have increased their influence on the African continent through money, diplomacy, and other measures – efforts that go directly against US interests. Washington has paid little attention to Africa and will find it difficult to compete with Moscow and Beijing, particularly as other geopolitical theaters require its immediate attention.
Governor of Hakkari province of Turkey, referring to very close ties between Iran and Turkey in recent years, said that these strong ties are the main obstacle to the terrorist activities in the region.
Iranian Foreign Ministry spokesman Abbas Mousavi said London’s claims about the seizure of Iran’s oil tanker are legally irrelevant and urged British to free the tanker as soon as possible.
Iran’s Vice President for Science and Technology and the senior assistant of the Russian President in science and technology, in a meeting in Moscow, emphasized the growing trend of Iran-Russia cooperation in this field.
Following the rise in the tensions between Iran and the United States, and Tehran’s determination to reduce commitment in the 2015 nuclear deal known as the JCPOA, France seeks to become an effective and influential actor in this regard.
Defense Ministers of ASEAN (Association of Southeast Asian Nations) have signed the Joint Declaration on Sustainable Security here on Thursday to promote cooperation among ASEAN to counter non-traditional, transnational threats.
Almost seven out of 10 South Koreans said they will participate in boycotting Japanese products, a poll showed Thursday, amid a trade row in which Japan imposed tighter control on its export to South Korea of materials key to the South Korean tech industry.
US trade authorities have initiated an investigation against France’s decision to tax digital giants, which are mostly US-based.
The French Parliament passed a new law to tax digital giants on Thursday, making France one of the first countries to tax “GAFA” companies, namely Google, Amazon, Facebook and Apple. In response, the United States Trade Representative (USTR) announced that it has initiated an investigation against the French law and its impact on US businesses.
A United Nations index report published Thursday showed that 1.3 billion people across the world are “multidimensionally poor.”
Chinese technology and smartphone giant Huawei unveiled its first 5G-enabled smartphone HUAWEI Mate 20 X on Thursday to Kuwaiti consumers.
China saw steady foreign investment growth in the first half of 2019, official data showed Thursday.
China will continue efforts to tackle climate change and plans to introduce more measures to strengthen energy saving and emissions reduction, according to a meeting presided over by Premier Li Keqiang.
Vice Premier Hu Chunhua on Thursday called on China and the Democratic People’s Republic of Korea (DPRK) to promote friendly communication and pragmatic cooperation to better benefit the two countries and peoples.
Chinese top legislator Li Zhanshu has called for speeding up the legislative work to formulate a biosecurity law to define the boundaries of biotechnological development in the country.
A seminar on the Mozambique-China relationship was held here on Thursday to consolidate mutual trust and push forward closer cooperation to cement the two countries’ traditional friendship.
Eighteen European countries, plus Canada, Japan, Australia and New Zealand sent an open letter on Wednesday to the UN High Commissioner for Human Rights and the UN Human Rights Council (UNHRC) president. They recklessly attacked China’s governance of Xinjiang, smearing Xinjiang’s vocational education and training centers as “large-scale places of detention.”
The latest example of Chinese standards being recognized and applied overseas is the first-ever expressway in Ulan Bator, the capital and largest city of Mongolia. The expressway, which was put into operation on Wednesday, was built completely in accordance with Chinese construction and technological standards.
By Yu Jincui
As the two countries have a strong economic relationship, Australia should be China’s best friend in the West, Steve Howard (Howard), secretary general of the Australia-based Global Foundation, said at the Eighth World Peace Forum Tuesday in Beijing. By saying, “If China catches a cold, the world gets influenza and Australia gets pneumonia,” he underlined the importance of China-Australia relations with an aphorism. Why have bilateral relations become strained in the past two years? How can Australia and China overcome challenges to reset ties? Howard shared his opinions with Global Times (GT) reporters Yu Jincui and Bai Yunyi.
US women’s national soccer team co-captain Megan Rapinoe’s feuding with President Donald Trump in late June has drawn eyeballs. Rapinoe said she would not go to the White House if invited. So, after the US team claimed victory and Trump tweeted his congratulations, quite a few young Americans made a fuss about it.
By Zhang Wenzong
US Federal Reserve Chairman Jerome Powell on Wednesday signaled that the Fed would likely cut interest rates as soon as this month. It’s highly unusual for the Fed to lower interest rates at a time when the economy has been growing quickly and unemployment is low.
By Hu Weijia
Chinese culture is tenacious enough to grow continuously and prosper due to its core value, coordination.
By Liu Zhiqin
There has been increasing interest in how infrastructure can help close gender gaps in developing countries. Based on studies of various highway investment programmes in Asia, this column reveals how highways can help women can seize better jobs if they are already employed. Compared with men, however, women have some distinct demands from road corridor programmes and could face gender-specific risks, notably during the construction of the highways.
Selina Ho, NUS
The promise of democracy is the periodic opportunity it creates for fresh beginnings. A government re-elected with such a resounding mandate should continue with the successful aspects of its economic policies. The most notable has been promoting economic inclusion via the public provision of essential private goods and services, including toilets, housing, power, cooking gas, bank accounts, emergency medical assistance, and now a basic income for all farmers.
Robin Niblett, director of Chatham House, in conversation with Gorkan Ahmetoglu, associate professor of business psychology, University College London
Robin Niblett CMG, Director, Chatham House
Gorkan Ahmetoglu, Associate Professor of Business Psychology, University College London
As Turkey continues to forge its own economic and political path, the issue is how much more damage the current system of governance will inflict on the country, and how long and costly fixing the destruction will be.
Almost everyone would welcome an extension of their healthy lifespan, and some scientists are looking at increasingly extreme ways to achieve that. But any major breakthrough in this area could have unwanted and far-reaching demographic, social, and economic implications.
Martin Rees, a cosmologist and astrophysicist, has been Britain’s Astronomer Royal since 1995. He is a former Master of Trinity College, Cambridge, and former President of the Royal Society.
Following yet another “truce” between US President Donald Trump and Chinese President Xi Jinping, Sino-American negotiations over trade, technology, and related issues appear to be back on. But those hoping for a respite in the escalating rivalry should not hold their breath.
Keyu Jin, Professor of Economics at the London School of Economics, is a World Economic Forum Young Global Leader
Many Americans may assume that the country’s convict-labor system is a thing of the past, especially given unflattering media coverage of other countries’ reliance on prison labor to produce export goods. But in 2005 – the most recent year for which countrywide data is available – America’s convict-labor system accounted for 4.2% of total manufacturing employment.
Michael Poyker is a postdoctoral research fellow at Columbia University’s Graduate Business School.
The first vaccine shown to provide partial protection against malaria in young children is now being made available through routine immunization programs in parts of Sub-Saharan Africa. But those programs – and the health systems in which they operate – have serious weaknesses.
Ifeanyi M. Nsofor, a medical doctor, is CEO of EpiAFRIC, Director of Policy and Advocacy for Nigeria Health Watch, and 2019 Atlantic Fellow for Health Equity at George Washington University.
Ligang Song, ANU, Yixiao Zhou, ANU, and Luke Hurst, Asialink Business
United Nations Secretary-General Antonio Guterres in his message on World Population Day, July 11, said with 68 percent of the world population projected to live in urban areas by 2050, sustainable development and climate change will increasingly depend on the successful management of urban growth.
Iran’s Foreign Minister Mohammad-Javad Zarif told reporters on Thursday that the advisor to the French president during his trip to Tehran has offered a suggestion for preventing the rise in tensions.
Iranian Foreign Minister Mohammad Javad Zarif believes that the United States has been defeated politically as it could not make even a sentence of a statement at the IAEA against Iran
Iran’s Ambassador and Permanent Representative to the International Organizations in Vienna Kazzem Gharibabadi said on Thursday that the IAEA Board of Governors’ meeting in the Austrian capital had no outcome for the US.
The permanent representatives to the IAEA of France, Germany, and the United Kingdom thanked the IAEA for its professional and impartial work in monitoring the JCPOA.
The high-level Astana peace talks meeting on Syria will be held in Nur-Sultan, Kazakhstan in the beginning of August, followed by a summit in Turkey, Russian Special Presidential Envoy for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov told reporters on Wednesday.
Foreign Ministry spokesman Seyyed Abbas Mousavi on Wednesday described Board of Governors’ meeting as another defeat for the US, saying that the US isolated itself once again.
China will replenish social security funds through the injection of state capital this year to make the funds more sustainable. Policies to reduce employers’ contributions to social insurance schemes will be further implemented to ensure that pensions are paid on time and in full.
US Federal Reserve Chairman Jerome Powell said Wednesday that crosscurrents such as trade tensions and concerns about global growth have been weighing on the US economic activity and outlook.
Boeing Co is set to lose its standing as the world’s biggest planemaker after reporting a 37 percent drop in deliveries for the first half of the year due to the prolonged grounding of its best-selling MAX jets.
China’s insurance regulator on Thursday announced its approval to set up a new company called Dajia Insurance Group to take over the assets of Anbang, a giant conglomerate that has been under state control for over a year.
The Lord Mayor of the City of London Peter Estlin is traveling to China on July 12 and 13, seeking to explore greater collaboration after the 10th China-UK Economic and Financial Dialogue held in London in June. Estlin will join discussions on fintech and future of the Shanghai-London Stock Connect in Shanghai, Hangzhou and Suzhou. Ahead of the visit, Global Times London correspondent Sun Wei (GT) interviewed Estlin (Estlin) at the Mansion House to seek his opinion on China’s further opening-up of its financial market.
By Sun Wei
Humanitarian workers are concerned about a camp in southeast Syria where an estimated 25,000 displaced people are living in “dire conditions,” a UN spokesman said on Wednesday.
The UN peacekeeping chief said Wednesday that strong triangular cooperation — namely between the UN Security Council, the troop/police-contributing countries (T/PCCs) and the UN Secretariat — is crucial for enhancing peacekeeping operations.
Various conflicts between countries, which seem freakish from a traditional perspective, constantly take place. After reports revealed that the British Ambassador to the US privately dissed US President Donald Trump in leaked cables back to the British foreign ministry, Trump called him “a very stupid guy” and took the chance to lash out at Prime Minister Theresa May. UK Foreign Secretary Jeremy Hunt said Trump’s behavior was “disrespectful.”
“She appears solemn and resolute: Mulan is a now robotic warrior… It feels like Disney is waving a big red flag in everyone’s faces in its desperation to secure success at the Chinese box office.” This is an excerpt from a review published in The Guardian’s website on Monday. The review, written by Jingan Young, focused on Disney’s official Mulan trailer. The article said Mulan has been transformed into a “patriotic saga.”
By Li Qingqing
An old Chinese proverb goes, “Frequent shifts make a tree dead but a person prosperous.” “Shifts” here are used to convey a sense of movement. How can people move from one place to another? It needs road, rail, air and water connectivity – an implication of multimodal transport. One of the objectives of the China-proposed Belt and Road Initiative (BRI) is connectivity – making people, funds and resources flow.
By Ding Gang
US President Donald Trump said Tuesday that “India has long had a field day putting Tariffs on American products. No longer acceptable!” If the US starts a trade war with India, this is of course bad news for New Delhi, while China is also likely to feel the pain.
By Hu Weijia
Although overall car sales in China have waned in the past 10 months, electric vehicles (EVs) have picked up the slack, thanks to the government’s steadfast efforts to spur consumption of green cars. The plan is to cut the country’s heavy reliance on imported oil and to reduce petrol-fired vehicles’ choking tail-gas emissions.
By Wen Sheng
Don’t jinx it, but a few promising signs suggest bilateral
ties could be entering a new period of relative stability
It is easy to mistake process for progress in talking to North Korea
More women than ever are in key diplomatic positions for Australia
The UK pledges to combat a climate emergency, laggards in
fighting HIV, and stories from the aid and development sector.
Dealing with Central American migrants, rising crime and faltering energy supplies will require more U.S. help.
Abdul Rahman Yaacob, ANU
Amid bleak GDP-based forecasts of Africa’s economic performance, some investors are tempted to write off the entire continent. But those who seize opportunities to gain an accurate and nuanced picture of Africa’s economic performance and prospects could reap vast rewards.
Paulo Gomes, a former executive director at the World Bank Group and principal adviser in Guinea Bissau’s Ministry of Finance, is the Founder of Constelor Investment and a co-founder of New African Capital Partners.
Ko Maeda, University of North Texas
Preferential trade agreements cover more than half of world trade. This column argues that while the 280 preferential trade agreements in existence have substantially widened the scope of free trade and reduced average applied tariffs, they have struggled against traditional bastions of protection in poorer countries and have not been able to eliminate the high levels of protection for a handful of sensitive products. While preference margins offered to partners in such agreements seem large, their significance shrinks when competition from both preferential and non-preferential sources is considered.
Alvaro Espitia, Aaditya Mattoo, Mondher Mimouni, Xavier Pichot, Nadia Rocha
A decade ago, India joined a range of countries that mandate free, compulsory education for school-aged children. Passed in August 2009, India’s Right to Education Act was potentially transformative legislation, yet detailed analysis of its impact on the country’s educational outcomes has been slow to emerge. This column uses three national datasets to consider whether the Act is associated with changes in student enrolment, test scores, student-teacher ratios, school infrastructure, and other indicators of educational health and standing.
Victor Tangermann – Writer and Photo Editor, Futurism
Experts foresee that the traditional desk job will come to an end, saying entrepreneurship is key and young people have to be prepared.
Chisom Jenniffer Okoye
The generation that should finish secondary school by 2030 is now entering classrooms. But based on current trends, one in six children will still be out of school in 2030 and only six out of 10 young people will be completing secondary education.
Silvia Montoya – Director, UNESCO Institute for Statistics
Manos Antoninis – Director, Global Education Monitoring report, UNESCO
Emigration is as much a worry for some European citizens as immigration, if not more so. What should the EU and member states do about this?
This week the Afghan government and Taliban met publicly for the first time – albeit informally – for a peace dialogue. Crisis Group’s Senior Afghanistan Analyst Borhan Osman explains what the talks mean and what may lie ahead.
The Middle Eastern nation told the White House it would buy NASAMS and add to its Patriot batteries.
BY MARCUS WEISGERBER
Trump’s not wrong when he says European, Mideast, and Asian nations should do more to protect Gulf shipping.
BY DANIEL DEPETRIS
The U.K. is left with two seemingly impossible choices after President Trump’s assertion that “we will no longer deal with” Sir Kim Darroch.
BY YASMEEN SERHAN
The NSA inspector general also criticized the spy agency’s data-security plans.
BY CHARLES S. CLARK
A US business association leader said here on Tuesday that he is bullish on the prospect of US-China economic cooperation as history has proven that bilateral cooperation can create tremendous gains.
China successfully completed research on the world’s largest separation airbag used by rockets, the Science and Technology Daily reported on Wednesday.
By Chu Daye
Dressed in suit, Angus Ng Hok Ming rushed into West Kowloon Railway Station at noon on Friday and headed toward South China’s Guangzhou. The 37-year-old entrepreneur has now become a regular traveler between the Hong Kong Special Administrative Region (HKSAR) and the Chinese mainland as he eyes growing opportunities under the plan for the development of a new Greater Bay Area.
By Chen Qingqing
The China-gifted frigate “P625” arrived at Sri Lanka’s Colombo Port on Monday morning.
After one year hidden away in his study, Nigerian scholar-businessman Charles Okeke has returned with his second book about China – this time he is trying to decode China-Africa relations, in particular the abundant trade and investment ties brought by the China-proposed massive Belt and Road Initiative.
By Li Qian
China and Cape Verde, two countries significantly different in size, equally understand the importance of development to the realization of human rights.
Nearly 100 Chinese satellites will be launched into space before 2025, adding to the more than 200 that are already in orbit, said a Chinese official on Tuesday.
US Secretary of State Mike Pompeo Monday met with the founder and chairman of Hong Kong media company Next Digital, Jimmy Lai (Lai Chee-Ying), who is regarded as holding radical views, to discuss the Hong Kong government’s amendment to the extradition bill and Hong Kong’s autonomy. The meeting was seen as US escalating its interference in Hong Kong affairs.
The big headline from the Group of Twenty (G-20) meeting in Osaka on June 28–29 concerned a ceasefire in the trade war between President Donald Trump and President Xi Jinping of China. Less noticed was the notable lack of progress on confronting urgent crises over the future of the World Trade Organization (WTO) and the Paris Agreement on climate change.
Exports of non-oil products from South Pars customs office in southern Iran have grown by 23% in terms of weight over the third Iranian month of Khordad (ended on June 21) compared to figures from the same month last year, according to a local official.
Special aide to Iran’s Majlis Speaker expressed on Wednesday that Iran always supports Lebanon’s national sovereignty, security and stability.
Iranian Minister of Cooperatives, Labor and Social Welfare Mohammad Shariatmadari and Syrian Minister of Social Affairs and Labor Rima al-Qadiri signed a 5-year joint document on employment affairs.
Iran left behind the toughest economic sanctions last year as US arbitrary sanctions targeted the country this year, Deputy Minister of Industry, Mines and Trade Saeed Zarandi said on Wednesday.
Iran has not received any suggestion on US return to the Joint Comprehensive Plan of Action, Iran’s Foreign Ministry spokesman said Wednesday.
A Pakistani researcher believes the western governments aggressive policy towards Iran is short-term with no substantial results on the ground.