Politics

Saudi Arabia Sees Beyond Oil Exports to Bolster its Economy

Saudi Arabia Sees Beyond Oil Exports to Bolster its Economy

The economic composition of Saudi Arabia, which largely remained dependent on oil exports, is changing at a rapid pace, as the progressive policies of the incumbent crown Prince Muhammad Bin Salman (MBS) are changing the economic outlook of the kingdom. Saudi Arabia is the largest exporter of oil, so the demand for real estate was…
Climate Change Shrinks Global Cotton Supply to a New Low

Climate Change Shrinks Global Cotton Supply to a New Low

Global textiles markets face worries of a dangerous economic downturn amid the latest cotton crisis, triggered by the worsening climate in different parts of the world. Extreme weather conditions, particularly untimely rains, droughts, and heat waves, are worrying the largest cotton suppliers of the world. Cotton Exporters Struggle Amid Economic Headwinds No cotton exporter is…
North Korea gives South Korea a shut up call

North Korea gives South Korea a shut-up call

A few days back, South Korean President Yoon Suk-yeol had offered economic assistance to its neighbor and rival North Korea on the condition that it abandons its nuclear program. As a response to the offer, the South Korean leader and sister of its Supreme Leader Kim Jong Un slammed Suk-yeol citing that N. Korea will…
Finnish Prime Minister takes a drug test after partying video leaked

Finnish Prime Minister takes a drug test after partying video leaked

The Finnish PM came in hot waters when she was seen enjoying herself with her celebrity friends at a house party. In the leaked video, Sanna Marin, the Prime Minister of the world’s happiest nation, was seen dancing and singing with other celebrities. The clip started a backlash after it went viral on social media….
Russia Increased its Energy Earnings Despite Western Sanctions

Russia Increased its Energy Earnings Despite Western Sanctions

Rising energy prices are expected to increase the energy earnings of Russia by 38 % compared to the last year, even though the Russian economy received a merciless beating by chronic sanctions of the western nations after its Ukraine invasion. According to the documents of the Ministry of Economy of Russia, the energy exports of…
Floods in Pakistan: an indicator of Climate Change

Floods in Pakistan: an indicator of Climate Change

The past couple of months have seen extreme floods in major cities across Pakistan that killed over 550 people and left hundreds injured. Billions of rupees worth of private and state property have also been damaged. Public offices were closed in the severely hit areas across the country. People’s lives and livelihoods have been threatened…
How Will the China-Taiwan War Halt Global Tech Markets?

How Will the China-Taiwan War Halt Global Tech Markets?

The ongoing military tensions between China and Taiwan are triggering an unprecedented semiconductors crisis, which can completely halt the technology sector worldwide. Taiwan is a hub of global semiconductor manufacturing, and any disruption in the supply chain will impact global tech markets. The consequences of semiconductors supply chain disruption will be felt across the board…
Dozens die in a church fire in Egypt

Dozens die in a church fire in Egypt

On August 14 dozens of worshippers were killed when a fire broke out in a church located in the Egyptian city of Giza. Around 5,000 people had gathered in the Coptic Abu Siflin church for the Sunday Mass. The injured people were then taken to the nearby hospital. It has been reported that 41 people,…
China and Russia: New Allies of Afghanistan’s Taliban Government?

China and Russia: New Allies of Afghanistan’s Taliban Government?

America’s reluctance to mend its ties with the Taliban-led Afghanistan is paving the way for other regional players to influence the Taliban’s decisions. As one year has been completed since the US forces left the war-torn country of Afghanistan haphazardly, the Taliban government is still struggling to get recognition from most of the countries. The…
China’s Unprecedented Military Drills With Thailand Scares the Western World

China’s Unprecedented Military Drills With Thailand Scares the Western World

China is sending its fighter jets and bombers to Thailand for new aerial military drills namely Falcon Strike 2022, in retaliation for the recently concluded military drills between the US and Indonesia. While US military drills with Indonesia are held annually, this time, more than 5,000 military personnel from 14 countries took part in the…
FBI Recovered “Highly Classified” Documents from Donald Trump’s Residence

FBI Recovered “Highly Classified” Documents from Donald Trump’s Residence

The US Department of Justice (DOJ) unleashed the court’s documents on Friday related to the FBI raid on Donald Trump’s residence, which established that the FBI recovered 11 sets of highly classified documents during its raid. Reportedly some of the recovered material contains the “top secret/SCI” label, which is used for highly sensitive documents. These…
Brace Yourself for More Supply Chain Crisis Amid China’s War Ambitions

Brace Yourself for More Supply Chain Crisis Amid China’s War Ambitions

China’s increasing military engagement around Taiwan is intensifying the hurdles for global trade that has the potential to disrupt consumer markets across the globe. Strategic experts suggest that China is aiming for long-lasting military activities in the Taiwan strait, which will become a “new normal” in the Western-Pacific region. The Strait of Taiwan, which is…