In Venezuela, things are going from bad to worse amid a tumble in the price of global oil, a plunge in the nation’s currency, consumer goods shortages, and hyperinflation combined with a social and political upheaval which could undermine the country’s willingness or ability to pay its external debt, Jefferies warns. Venezuela relies heavily on oil, as it accounts for … Continue reading
By Andrew Harding As it tussles with multiple crises of political legitimacy and governance, Malaysia has reached a decisive point in its more than half-century history as an independent nation. What started as a shocking but not exceptional scandal has turned into a political crisis of unprecedented proportions. This was underlined by the Bersih 4 protests on … Continue reading
By Ante Batovic A year after the beginning of the biggest oil price slump in a decade, it is worthwhile to assess the current state of affairs and estimate the costs both for the global economy and the political stability of oil exporting countries. The oil industry was caught unprepared by the sudden slump in oil … Continue reading
By Nile Bowie Malaysia’s prime minister, Najib Razak – a British-educated technocrat with a reputation for opulence – is at the center of an unprecedented scandal. A sovereign wealth fund established to develop lucrative industries and boost economic growth in Malaysia, the 1Malaysia Development Berhad (1MDB), has incurred more than $11 billion in debts and is … Continue reading
By International Crisis Group Guatemala is confronting a fast-moving crisis of political legitimacy, as prosecutors reveal new evidence that appears to implicate President Otto Pérez Molina and his former vice president in an allegedly massive tax fraud scheme. Powerful business and civil society organisations are calling for the president’s resignation. Almost twenty years after the end … Continue reading
By International Crisis Group The accelerating deterioration of Venezuela’s political crisis is cause for growing concern. The collapse in 2014 of an incipient dialogue between government and opposition ushered in growing political instability. With legislative elections due in December, there are fears of renewed violence. But there is a less widely appreciated side of the drama. … Continue reading
By Karl Sorri On the face of things, the military junta in Thailand has restored some much-needed stability to the country after waves of violent protests in early 2014. However, there are many flashpoints that still pose significant political risk for the future. Since 2001, Thailand has been rocked by political upheavals between the Shinawatra … Continue reading
By Mahdi Darius Nazemroaya Everything about the war on Yemen is a smokescreen. Concealed behind the smoke is a tale of geopolitics and petro-politics that aims to control the Bab-el-Mandeb Strait and the Gulf of Aden. The House of Saud and a military coalition that consists mostly of anachronistic monarchies are claiming to bomb Yemen as … Continue reading
By Sputnik News As Saudi Arabia and its allies have begun the bombing campaign against Yemen, in the south, a separatist movement calling for a “State of South Arabia” is emerging. Fostered by the US, it will leave the Houthis with two hostile states at their borders and locked access to the sea, if it … Continue reading
By Daniel Djouder The new trend of low oil prices has rapidly escalated, carrying negative effects for producers and positive effects for the economies of importers, though these have been slow to become apparent. In this complex scenario, the oil-dependent country of Nigeria finds itself in a very peculiar position owing to a specific mix of … Continue reading