Recently, Saudi Arabia and its OPEC Plus allies, including Russia, agreed to an unexpected drop in the oil supplies, which will result in the soaring up of oil prices worldwide. The move is seen as a rebuke to the statement made by United S...
The Nord Stream 1 pipeline, which carries gas from Russia to Europe, has been shut down after multiple leaks were discovered. This pipeline carries natural gas from Russia to the European Union. It supplies about 35% of the gas that the EU ...
The depletion of the country's foreign exchange reserves will increase external sector vulnerabilities. The euphoria that was generated by the large increase in these reserves over the past few years has started to fade. The factors that co...
China's economy is slowing down, with its annual growth rate falling to 0.4% in the April-June period, its lowest since 1992. The country's recovery is being hindered by the combination of COVID and the falling property market. Since the ou...
Liz Truss, the UK's foreign minister, was elected as the new leader of the country's Conservative Party. She will now be responsible for navigating the country's economic crisis. She will also be responsible for addressing the country's for...
Several Southeast Asian countries have started to address the energy crisis by developing clean energy transition plans. Although they were initially regarded as slow starters in the global effort to reduce greenhouse gas emissions, they ha...
In the past decade, China has lost growth in double-digits. In comparison to previous months, the GDP went down from April to June although it barely topped in the same quarter too. In this regard, economists are of the view that factories ...
During a speech at the US-Arab summit in Jeddah, Crown Prince Mohammed bin Salman stated that Saudi Arabia will not have any more ability to boost its oil output beyond 13 million barrels per day. Saudi Arabia now has an oil production capa...
The rising debt levels in South Asian countries are concerning and can trigger a debt crisis in the region. The countries Sri Lanka, Pakistan, Afghanistan and Myanmar are facing sovereign debt crises. Sri Lanka is a country that had faced d...
Many South Asian countries are currently experiencing an economic crisis. The economies of Sri Lanka, Pakistan, Bangladesh, and Nepal have been facing severe trouble. The number of South Asian economies in turmoil only increases if we inclu...
The G20 Foreign Minister’s Meeting (FMM) held on 7-8 July 2002 was marked by the theme “Building a more peaceful, stable, and prosperous world together”. The meeting was divided into two sessions. The first session held was regarding streng...
One of the world’s most geographically separated nations, the Maldives, is becoming more important and playing an essential role in the current geopolitical developments. The Indian Ocean’s centrally placed island republic, which is made up...
