An economic recession or depression is a period of economic decline, typically characterized by a decline in the gross domestic product (GDP), high unemployment, a decline in manufacturing and industrial production, a stock market crash, and a decrease in consumer spending. The Great Depression The Great Depression was …

“Davos has become more of a show, it’s no longer so important”, concluded Liviu Muresan from Eurodefense Romania at the end of the webinar recently jointly organized by Eurodefense Romania and the Bucharest-based MEPEI think-tank. In the aftermath of the Davos World Economic Forum, 20 key-note speakers invited …

On December 16th, 2022, the Japanese cabinet approved three crucial national security documents: 1) National Security Strategy, 2) National Defense Strategy, and 3) Defense Buildup Program. The documents collectively identify challenges and threats to Japan’s security and propose counteractive measures to be undertaken during the next five years, …

Sri Lanka is facing hardships immensely. People are struggling to fulfill their basic needs and they have sacrificed their mid-term goals and long-term goals. Food security is one such sector that is gravely affected due to the current economic crisis. Food security, as defined by the United Nations …

Russia and Ukraine war has entered its second phase where violence and destruction become more prevalent with less possibility of negotiation between the conflicting parties. Russia claimed to have conquered a hotly disputed salt mining town, a rare win for the Kremlin after a string of losses in …

Saudi Arabia opens to settling trade in other currencies than the US dollar Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister Mohammed Al-Jadaan, informs Bloomberg. “There are no issues with discussing how we settle our …

Russian Foreign Minister Sergey Lavrov said at his annual press conference held January 18 that Russia and Africa would hold a summit in July this year and a number of documents, including new instruments of trade and investment cooperation, were being prepared to readjust methods of interaction amid …

The single most pressing national security issue for the United States is its addiction to deficit spending and its overwhelming debt.  The United States uses deficit spending to pay for the goods and services demanded by the American people and its deficit spending is out of control.  As …

The military-political crisis in Europe has created demand for the most important quality of the vast majority of the countries of Asia and Eurasia — the comparative autonomy of their political systems, free from external interference and control to a much greater extent than what is typical, for …