Economics

Together the United States and Iran could easily defeat Islamic State, but this victory would play into hands of Iran and its Middle Eastern allies and ruin Washington’s relations with Saudi Arabia and Israel, a US expert noted.  After United States military forces defeat Islamic State, Washington must …

Although US President Obama vowed that “a decade of war is now ending” in 2013, the US troops have got bogged down in three conflict zones, while Washington takes regular lethal actions in at least five countries, Michael Crowley noted.  President Obama’s “dream” of extricating the United States out of …

The first US-Ukraine Business Forum will be held in Washington, DC in July to show US commitment to support Ukraine’s private sector, the US Department of Commerce announced in a statement.  Cabinet members from both the US and Ukrainian governments will participate alongside business leaders from the private sector, according to the …

Russia is ready to sell China its state-of-the-art S-400 missile system. Japan is worried by the prospect, fearing it could undermine its security amid an ongoing territorial dispute surrounding the Senkaku Islands, known as the Diaoyu Islands in China. Russia’s business daily Vedomosti reported last November that Moscow …

The US is losing its status of world power, as the country has lately not been able to enforce its geopolitical interests in several regions and has had to retreat, according to German Media.  The descent of the United States as a world power started in Syria, Deutsche Wirtschafts Nachrichten reported. …

The rapid rise of the AIIB was foreseeable: the world’s emerging economies got really frustrated when the US-dominated Bretton Woods institutions disregarded them as a “group of banana republics,” F. William Engdahl noted. Washington’s policy makers have been ignoring the needs of the world’s emerging economies for too long, treating …

The initiative to set up the AIIB was announced in 2013 by Chinese President Xi Jinping and Premier Li Keqiang. In October 2014, 22 Asian states signed a Memorandum of Understanding to establish the AIIB with the headquarters in the Chinese capital of Beijing. According to the AIIB …

The US Air Force base in Ramstein is a central and indispensible element in Barack Obama’s controversial use of drones in the war against terror. New documents are creating pressure for both Washington and the German government. Knowledge is power. Ignorance often means impotence. But sometimes ignorance can …

By Susanne Koelbl in Baghdad In a SPIEGEL interview, Iraqi Prime Minister Haider al-Abadi discusses his disappointment over delayed American support in Baghdad’s battle against the Islamic State and why it remains so difficult to prevail over the terrorist organization. Iraqi Prime Minister Haider al-Abadi, 62, sits on …