Economics

Brazil and China have reportedly struck a deal to ditch the U.S. dollar in favor of their own currencies in trade transactions. The announced deal will enable China and Brazil to carry out trade and financial transactions directly, exchanging yuan for reais – or vice versa – rather …

Middle Eastern states have always welcomed China’s involvement in economic fields. China’s total trade with the region has increased dramatically since the beginning of the twenty-first century, and it is growing steadily, rising from $180 billion in 2019 to $259 billion in 2021. On the other hand, the …

Graham Allison  National Interest  The facts about the downing of the U.S. Reaper drone are still emerging, and many relevant specifics are yet to become public, but as we attempt to get our bearings it is worth beginning with applied history. Applied historians ask: have we ever seen …

The Taliban celebrated the signing of their first international deal since taking power in August 2021 with a televised event on January 5, 2023. The document signed is a contract for the exploitation of oil reserves in northern Afghanistan with a Chinese business. In accordance with the agreement, …

While not primarily useful for telling the time, nuclear clocks could allow scientists to test humankind’s fundamental understanding of how reality works. Thorsten Schumm is a clockmaker, but not the kind who sits at a workbench covered with springs and cogs, a magnifying loupe jammed into one eye. …

It doesn’t take one to be a Nostradamus to predict the general trends in international affairs for 2023 with certainty. This year will be difficult, turbulent and dangerous for all the actors in global politics. In what particular ways, though? What risks are most likely to transpire? Looking …

The recent rise in the value of the U.S. dollar against the Iranian rial has come against the backdrop of renewed efforts by many non-Western countries to reduce U.S. financial hegemony over international institutions. In a political statement on the first anniversary of the Ukraine war on Friday, …

By Shehab Al Makahleh Over 30 heads of state, senior politicians, military officers, diplomats and 110 ministers and business representatives conferred have taken part in the 59th Munich Security Conference, to discuss security challenges the world is undergoing. The current conference comes a week before the first anniversary …

Russia’s invasion of Ukraine confirmed a global shift that many international relations experts have been heralding for years: we now live in a multi-polar world. Thanks to major geopolitical turning points – from Washington’s missteps in Iraq to the 2008 financial crisis – as well as long-term shifts …