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What’s Next For Islamic State?
In 2014, the Islamic State (IS) extremist group emerged as one of the most powerful jihadi groups, rivaling even Al-Qaeda. The extremist Sunni group now controls vast swathes of territory across Syria and Iraq and boasts thousands of fighters — including many from Western Europe. An anti-IS coalition led by the United States has mobilized more … Continue reading
A Cyber War With North Korea And An Economic War With Russia
In addition to all of our wars in the Middle East and the war that has erupted on the streets of America, we are now engaged in a cyber war with North Korea and an economic war with Russia. Without a doubt, the United States has the capability to do a tremendous amount of damage … Continue reading
Ruble At 2-Wk High As Central Bank Pulls Out Big Financial Tools
The Russian ruble hit a two-week high Tuesday of 53 against the USD, showing strong signs of recovery after hitting rock bottom one week ago on ‘Black Tuesday’. The Central Bank and government have taken swift action to shore up the ailing ruble. The Russian ruble improved to 53 in early day trading, a more … Continue reading
Russian Warning: No Gas For Ukraine If It Fails To Pay $1.65bn Debt In A Week
Energy Minister Aleksandr Novak has threatened Russia may turn off the taps if Kiev doesn’t repay the remaining $1.65 billion of its gas debt by the end of December. The warning comes less than a month after Russia resumed supplying Ukraine with gas. Kiev had to pay $378 million in advance for December deliveries. The … Continue reading
China Believes Russia Can Overcome Current Crisis Easily
Russia will be able to overcome current economic difficulties. China is ready to provide any type of assistance to Russia, Chinese Foreign Minister Wang Yi said. “We believe that Russia has the capability and knowledge to overcome the current difficulties in the economy. The China-Russia partnership of strategic coordination remains on a high level. We … Continue reading
MH370 Was ‘Shot Down By US Military’, Claims Former French Airline Boss
A former French airline CEO Marc Dugain claims that the US may have shot down Malaysian Airlines flight MH370 and then covered it up, adding to a rash of conflicting theories about the missing plane. In a six-page article published by French weekly Paris Match, Dugain claims that the Boeing 777 may have got into … Continue reading
Is Now The Time To Invest In Iraq?
By Daniel Workman “Iraq looks more promising today than it did last year.” Excuse me for looking at the above quote with a healthy dose of skepticism. Just turn on the news. Iraq. A place where volatility would be an understatement. To many, Iraq might as well be a synonym for a market crippled by … Continue reading
Russia Effect Hits Central Asia To Greater And Lesser Degrees
Naubet Bisenov and Jacopo Dettoni in Almaty BNE The Asian Development Bank, in its latest “Asian Development Outloook Supplement” published on December 17, cut the growth outlook for Central Asia to 5.1% from the previous 5.6% for the full-year 2014 and to 5.4% from the previous 5.9% for 2015. The countries in the region most exposed to … Continue reading
Ruble Crisis May Spell Financial Disaster For Europe
All eyes are on the ruble this week after its spectacular crash that sparked fears of a new currency crisis in Russia, and the possibility it could spill over into Europe and put the world economy at risk. The ruble has lost more than 45 percent against the dollar and euro since the beginning of … Continue reading
China Pledges To Help Russia Overcome Economic Hardships
China’s foreign minister has pledged support to Russia as it faces an economic downturn due to sanctions and a drop in oil prices. Boosting trade in yuan is a solution proposed by Beijing’s commerce minister. “Russia has the capability and the wisdom to overcome the existing hardship in the economic situation,” Foreign Minister Wang Yi … Continue reading
