Category: Business

US-Turkish alliance reaches the point of no return

The sense of indignation among Turks should not be underestimated, which makes this an exceptional rupture By M.K. Bhadrakumar The Turkish lira fell 22% on Friday before recovering to 17% on the backdrop of the Trump administration’s announcement to double the tariffs on imports of Turkish steel and aluminum. The tariffs affect Turkish exports worth … Continue reading US-Turkish alliance reaches the point of no return

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All hands on deck: the Caspian sails towards Eurasia integration

The five states surrounding the sea – Russia, Azerbaijan, Iran, Turkmenistan and Kazakhstan – have reached difficult compromises on sovereign and exclusive rights as well as freedom of navigation By Pepe Escobar The long-awaited deal on the legal status of the Caspian Sea signed on Sunday in the Kazakh port of Aktau is a defining … Continue reading All hands on deck: the Caspian sails towards Eurasia integration

China plans another multibillion-dollar spending spree

Beijing announces plans to boost infrastructure investment despite debt crackdown and escalating trade tensions with the US By Gordon Watts It appears the best way to avoid a debt trap is to keep on spending. At a meeting of the State Council, the de facto cabinet of the Chinese government, plans were rolled out to … Continue reading China plans another multibillion-dollar spending spree

Explaining Turkey’s interest in BRICS

By Altay Atli Recent summit of the leaders of the BRICS countries held in South Africa had a number of guests from non-member countries, evidence for the grouping’s conscious efforts to create an effective mechanism of cooperation with other developing countries. One of these guests was Turkey’s president, Recep Tayyip Erdoğan, who represented not only … Continue reading Explaining Turkey’s interest in BRICS

China builds a wall of BRICS to help counter US trade war barrier

The bloc has now morphed into a key political and economic organization fueled by China’s global expansion drive By Gordon Watts Only the Chinese could turn an acronym into a trading bloc. On Wednesday, the BRICS summit will get underway in Johannesburg and top of the agenda for Brazil, Russia, India, China and South Africa … Continue reading China builds a wall of BRICS to help counter US trade war barrier