Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts

Wednesday, May 21, 2025

China, Pakistan agree with Kabul to expand CPEC to Afghanistan

    Wednesday, May 21, 2025   No comments

Pakistan, China, and Afghanistan agreed in a trilateral meeting in Beijing to formally extend the China-Pakistan Economic Corridor (CPEC) to Afghanistan, strengthening regional connectivity under the Belt and Road Initiative (BRI).

The foreign ministers emphasized deeper cooperation in trade, infrastructure, and security, reaffirming their commitment to counterterrorism and regional stability. 


The next trilateral meeting will be held in Kabul. The talks took place during Deputy PM Ishaq Dar’s visit to China, which also addressed the recent Pakistan-India tensions and reaffirmed the strong China-Pakistan partnership.

Thursday, May 15, 2025

The Political Instrumentalization of “Terrorism” and Sanctions in Contemporary Foreign Policy

    Thursday, May 15, 2025   No comments

 The recent developments surrounding former jihadist Ahmed al-Sharaa—formerly known as Abu Mohammed al-Jolani—and his transformation from a wanted terrorist leader into a sitting president welcomed by the President of the United States illustrate a deeply troubling fact in international relations: the arbitrary use of the “terrorism” label and economic sanctions as tools of political convenience rather than principled governance.

In 2013, al-Sharaa was designated by the United States as a “Specially Designated Global Terrorist” due to his leadership of the al-Qaeda affiliate in Syria, Jabhat al-Nusra, and his alleged role in orchestrating suicide bombings. At one point, the U.S. placed a $10 million bounty on his capture. Today, however, he shares tea and diplomatic smiles with President Donald Trump, without any transparent legal or procedural process to formally clear his name of terrorism charges. This dramatic pivot—absent any public renunciation of past actions, judicial review, or commitment to democratic norms like elections—exposes the malleability of the terrorism designation when it becomes inconvenient for geopolitical strategy... read more >>

Tuesday, May 13, 2025

Trump’s “America First” and the Shifting Middle East

    Tuesday, May 13, 2025   No comments

Under the banner of “America First,” President Donald Trump’s second term is leaving an unmistakable imprint on the Middle East. The traditional American posture—strongly aligned with Israel and antagonistic toward Iran—is giving way to a new configuration driven more by economic pragmatism and regional stability than ideology. At the heart of this shift is a surprising warming of ties between Iran and Saudi Arabia, a recalibration in U.S.-Israel relations amid the Gaza war, and a relentless push for commercial deals that serve both American and regional interests.

Trump's Strategic Bet: Trade Over Troops


Trump’s latest Middle East tour, which began with a high-profile stop in Riyadh, highlights a clear message: economic engagement is now Washington’s primary tool of influence. In Saudi Arabia, he and Crown Prince Mohammed bin Salman signed a “Strategic Economic Partnership” encompassing energy, mining, and defense. The visit was touted by Trump as “historic,” with the New York Times reporting the president’s desire to announce deals worth over $1 trillion, which he believes will bolster American jobs and global influence.

Instead of pursuing a comprehensive foreign policy doctrine, Trump’s second term appears guided by transactional diplomacy—striking business deals and forging bilateral agreements without broader regional conditions. This is a marked departure from previous administrations that often tied economic or military cooperation to political reform or diplomatic alignment, especially concerning Israel.

Practical decisions:Saudi Arabia and the United States have signed a historic $142 Billion dollar arms deal, the largest in history. Saudi Crown Prince Bin Salman also pledged that Saudi Arabia would invest a staggering $600 Billion USD into the U.S. economy.


Gaza War Reveals Strains in U.S.-Israel Ties

Meanwhile, the ongoing war in Gaza is exposing growing daylight between Washington and Tel Aviv. Trump, once hailed by Israeli leaders as one of their strongest allies, is now signaling fatigue with the conflict. According to The Guardian, Trump’s envoy Steve Witkoff criticized Israel’s prolongation of the war, stating plainly that “Israel is not ready to end it,” while the U.S. wants it resolved—especially with American hostages involved.

Trump’s reluctance to visit Israel during this regional tour, and his administration’s quiet disengagement from Israeli military priorities—like launching strikes on Iran or continuing the Gaza war indefinitely—signals a pivot. One former Israeli diplomat noted bluntly: “Trump is not anti-Israel, but he doesn’t care that much.”

This pragmatism is echoed in Trump’s decision to finalize a ceasefire with the Iran-backed Houthis in Yemen—without consulting Israel—and even referring to the Houthis as “brave.” These actions underscore a major shift: the U.S. is prioritizing regional calm and economic deals over ideological battles or military entanglements.

Israeli Prime Minister Benjamin Netanyahu: "There will be no scenario in which we stop the war...even if Hamas releases additional Israeli prisoners, IDF operations in Gaza will continue."

Iran-Saudi Talks: A New Regional Axis?

Perhaps the most striking development of all is the quiet but determined rapprochement between Iran and Saudi Arabia—two rivals long seen as polar opposites in the region. Iranian Foreign Minister Abbas Araghchi recently visited Jeddah to meet his Saudi counterpart, Faisal bin Farhan. The two discussed bilateral cooperation and regional challenges, signaling a thaw in relations that were icy during Trump’s first term.

The visit came on the heels of indirect U.S.-Iran nuclear talks, which Araghchi described as entering a “detailed” and “constructive” phase. Oman, playing mediator, confirmed a shared desire to reach a “dignified agreement.” Trump’s administration appears to be backing this diplomatic track quietly, a sign that America no longer seeks to isolate Iran at any cost.

More significantly, Saudi Arabia is engaging with Iran not because of American pressure, but despite it. The economic rationale is compelling: both nations are navigating uncertain oil markets, diversifying their economies, and facing youth-driven demand for growth and jobs. Regional stability is no longer optional—it’s essential for survival.


Normalization with Israel? Not at Any Price

While Trump continues to advocate for Saudi-Israeli normalization, the path is increasingly steep. As long as the war in Gaza rages, Riyadh has made clear it will not move forward. The Jerusalem Post warned that normalization “is no longer given for free,” and Israel may no longer be a necessary partner for American-Arab relations.

This mirrors Trump’s broader approach: if a deal serves economic interests, it’s pursued; if not, it's sidelined—regardless of who the traditional allies are.

The Middle East Reorders Around Stability and Commerce

Trump’s “America First” no longer means a blanket commitment to old alliances or ideological battles. It means pushing American interests through trade and stability. This pivot has encouraged unlikely conversations—between Iran and Saudi Arabia, between economic development and military restraint. It has also cooled previously unquestionable loyalties, as seen in Washington’s growing impatience with Israel’s war strategy.

The new Middle East is one where economic realism outweighs ideological loyalty, and where Trump’s transactional instincts are reshaping the region—not through force, but through a cold calculation of mutual benefit.

Tuesday, November 21, 2023

Argentina will likely withdraw its application to join BRICS

    Tuesday, November 21, 2023   No comments

With a new president who wants to align Argentina with the US, especially if Trump returns to the White House next year, Argentina is likely to halt its pursuit of joining BRICS.

Diana Mondino, the candidate for Argentine Foreign Minister, relayed to Sputnik after the elections that Argentina will not be joining BRICS.

 “I don’t know why there is such interest in BRICS,” Mondino added.

 Mondino further added that joint collaborations with China and Brazil will stop, despite them being Argentina's main trading partners, as she stressed that the country intends to stay in the South American trade bloc Mercosur.

 It is worth noting that Milei is against joining BRICS.

Earlier in August, Argentina, alongside Egypt, Iran, Ethiopia, UAE, and Saudi Arabia were invited to join BRICS.

Argentinian president Fernandez articulated at the time that Buenos Aires is grappling with an economic crisis with high inflation and weak foreign currency reserves, and was looking to join the bloc.

Meanwhile, BRICS nations meet today in a virtual summit to discuss the crisis in Gaza. After the meeting, the President of South Africa read the final statement of the BRICS countries regarding the situation in the Gaza Strip.

The statement expresses condolences to all those affected in Israel and the Gaza Strip, while also accusing Israel of violating international law. Ramaphosa, states that the primary cause of the conflict is Israel's illegal construction of settlements. The President of South Africa calls for the release of hostages taken during the Palestinian-Israeli conflict — a statement from the BRICS countries. The President of South Africa urges the International Criminal Court to initiate an investigation into those who committed war crimes during the Palestinian-Israeli conflict — a statement from the BRICS countries.


Tuesday, September 12, 2023

Inflation contributes to declining income and increasing poverty in the United States

    Tuesday, September 12, 2023   No comments

The US Census Bureau announced that inflation caused a decline in real income by 2.3% in the United States in 2022 despite raising wages, while poverty increased with the cessation of government aid, which was provided during the Corona pandemic.

Liana Fox, a Census Bureau official, explained during an online press conference that “high inflation led to a decline in real average family income,” which amounted to $47,960.


The official poverty rate remained stable compared to last year, at 11.5%, or 37.9 million people, living on less than $14,880 annually, or $29,950 for a family of four.


But another measurement showed a completely different truth. This measure, also published by the Census Bureau, adjusts the income below which a person is considered poor, taking into account government assistance and the cost of child care and medical expenses.

According to this measure, the poverty rate rose for the first time since 2010, increasing from 7.8% to 12.4% between 2021 and 2022.

The child poverty rate doubled, rising to 12.4%, while it was 5.2% in 2021, a historic low.

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