Chinese tech a mixed blessing in the Middle East

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China’s growing influence in the global technological market reflects Beijing’s ambition to be a leading player in digital technology. Chinese President Xi Jinping has called for China to dominate advanced technology manufacturing by 2025. The Digital Silk Road (DSR), launched in 2015 as part of the Belt and Road Initiative, reflects this goal of developing […]

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What Azerbaijan’s Armenia assault says about new world order

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The latest round of fighting between Armenia and Azerbaijan will come as little surprise to most. After all, the two states have been locked in various levels of conflict for three decades, ranging from low-level exchanges of fire to the full-scale warfare that engulfed the disputed Nagorno-Karabakh region in 2020. Yet the latest bout marks a major […]

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India’s cheetah reintroduction is a political tactic

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Declared vanished in India within 1952, the cheetah is making a return to the country, which usually once held the distinction of being web host to all five of the big-cat species of the Old World. The noticed feline will sign up for its four panther cousins in India, where they are all either vulnerable or endangered. On the […]

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China decoupling could shoot Pentagon in the foot

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The US will be moving to secure the supply chain behind its premier F-35 fighter jet right after discovering Chinese-made magnets in certain units, compelling security concerns when Beijing were to block access to the parts in a conflict circumstance. The Wall Street Journal (WSJ) reported that the ALL OF US Department of Protection has started to use artificial […]

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The roar of a US warplane over a civilian Irish airport

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“This is not a regular airport, ” Margaretta D’ Arcy believed to me as we heard a C-130T Hercules prepare to take removed from Shannon Airport within Ireland after 3pm on September 11, 2022. That tremendous US Navy airplane (Registration No 16-4762) had flown within from Sigonella, the US naval surroundings station in Italy. A few minutes […]

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SCO summit did not show what you think it showed

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Last week, Vladimir Putin and Xi Jinping met in person for the first time since February 4. When they spoke more than six months ago, the mood appeared rather different.  On that occasion, the two kindred authoritarians produced a Joint Declaration proclaiming a “partnership without limits” and presented the outlines of a formal entente against the […]

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Marcos hat in hand in US while keeping China close

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MANILA – This week, President Ferdinand “Bongbong” Marcos Jr became the first Filipino leader to visit the United States in more than half a decade. His Beijing-friendly predecessor, Rodrigo Duterte, refused to visit even a single Western capital throughout his six years in office. The last time a Filipino president visited the US was in […]

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HK may finally lift quarantine rules in Nov

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Hong Kong’s government is expected to announce this week a further relaxation of its Covid-19 quarantine rules by November to attract more international travelers and restore the city’s sagging standing as an international business hub, according to local press reports. All incoming travelers to Hong Kong must now stay at designated hotels at their own […]

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Race to hike rates guarantees global recession

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TOKYO — Punchbowls everywhere are becoming endangered species as central bankers scramble to yank them away with increasing urgency. Nowhere more so than here in Asia.

This metaphor is courtesy of William McChesney Martin, the US Federal Reserve’s longest-serving chairman who held the position from 1951 to 1970. He famously said a monetary authority’s role is that of a “chaperone who has ordered the punchbowl removed just when the party was really warming up.”

Since the 2008 Lehman Brothers crisis, the catchphrase markets most associate with central banks is “whatever it takes.” Mario Draghi, then-president of the European Central Bank, famously uttered these words in July 2012 amid debt-market turmoil on the continent. A year later, Bank of Japan Governor Haruhiko Kuroda would embrace a similar mantra.

Today, officials are racing to do what they can to tame inflation and keep up with current US Federal Reserve Governor Jerome Powell’s tightening cycle.

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Kishida-Yoon sideline summit hangs in the balance

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SEOUL – Will they? Or won’t they? There are conflicting reports on whether Japanese Prime Minster Fumio Kishida and South Korean President Yoon Suk-yeol will summit on the sidelines of the 77th UN General Assembly held in New York this week. The two early-in-their-term leaders – Kishida took power in October 2021, Yoon in May […]

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