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China’s growing regional dominance is driving India to bolster its own economic, security and political ties in Southeast Asia. But unlike Beijing, New Delhi lacks the deep pockets or military might to pursue its “Act East” agenda alone.
The U.S. Army Transition Team (ATT) has called for the Army to shift its primary focus from the European theater to the Asia-Pacific theater, Task & Purpose reported Sept. 20, citing an internal ATT document.
The collapse of the coalition between the right-wing League party and the anti-establishment Five Star Movement seems imminent now that League leader Matteo Salvini has asked for an early general election.
The "Peace to Prosperity" workshop in Bahrain may have been less about Palestinian prosperity and more about drawing Arab, especially Gulf, countries into the Middle East peace process -- and into deeper normalization with Israel.
Moody's Investors Service has kept South Africa's credit rating at Baa3, one grade above junk status, following the country's May 8 election, Fin24 reported May 16. The agency pointed out, however, that the country's long-term growth prospects remain low and its credit profile will likely continue to erode.
More spending, low growth and recurring deficits are not a recipe for long-term economic sustainability, but this concoction may be a necessary pill for Gulf states to swallow as the hard work of economic reform sets in.