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Two decades ago, investment bank Goldman Sachs came up with an acronym that was supposed to shift the economic balance of power. The BRICS - Brazil, Russia, India and China (and South Africa, which was added later) - would, over time, come to dominate the rankings of the world’s richest economies.…
The Taliban has the keys to the presidential place, but they do not have access to all the levers of power, including billions of dollars held overseas. Washington stopped the shipment of dollars to Afghanistan before the government's fall. Without dollars, the currency will depreciate, causing in…
The European Union has long used its economic power to spread influence around the world. Efforts to create a European Defence Force have largely been a failure. Brussels has traditionally relied on NATO for military action. But the United States has increased pressure on the EU to do more for its…
China's claims to the South China Sea have been well documented, but Beijing is extending its reach into other territories to protect what it considers its Maritime Silk Route. It is building ports that encircle India, raising concerns in New Delhi about its influence and China’s expansive foreign…
Russian President Vladimir Putin dubbed the hypersonic missile the “invincible” and a few weeks later inspected a prototype lightweight stealth fighter plane. The only plane comparable to Checkmate, as it is known, is the US-built F-35, and it costs a quarter of the price, opening up new markets. …
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