Argentina’s peso tumbled and stocks plunged after last Sunday’s primary elections. The perception of a likely victory of President Macri’s opponents – Alberto Fernandez, and running mate, Christina Fernandez de Kirchner - has sparked a new shift in investor preferences away from peso assets, pressures on the exchange rate, and hikes on sovereign spreads.
Earlier this month, the World Resources Institute based in Washington D.C. revealed that 17 countries, home to one-quarter of the world's population, are facing extremely high water stress. Below is an international press review of the global water crisis by Helmut Sorge, former Foreign editor, and Middle East expert for Germany's leading newsmagazine "Der Spiegel", and columnist at the Policy Center for the New South.
Thirty months into President Trump's radical trade policy, it is time to take stock. American firms tend to give the President the benefit of the doubt - that the aim is not protection (which most don't want) but opening up markets overseas, striking better trade deals, and reducing the nation's big trade deficit. So far, however, none of this has happened. Instead, there is virulent uncertainty, barriers against American firms are going up, Europe, Japan and China have struck important deals with their trading partners, and the WTO, on which American firms depend for MFN treatment is at risk of collapse.
Brazil's economic recovery after the deep 2015-16 recession has been the slowest on record, with GDP per capita last year remaining more than 9% below its pre-crisis peak (Chart 1, right side). The IMF's annual report on the country's economy, released two weeks ago, estimated current GDP to be nearly 4% below its potential level, which suggests insufficiency of aggregate demand (Chart 1, left side). On the other hand, as the slow recovery reflects structural factors, it is necessary to avoid the use of measures to reinforce such demand that might run against the confrontation of such problems.
L'auteur est une alumni du programme des Atlantic Dialogues Emerging Leaders.
Seuls 14 kilomètres séparent les continents africain et européen. C'est un fait: nous sommes voisins ! Outre cette proximité géographique, l’Europe et l’Afrique sont liées par une histoire commune, des relations économiques, des échanges diplomatiques et de nombreux défis communs. Une véritable communauté de destin qui appelle à un partenariat fort, alors que l’Accord de Cotonou, qui régit les relations politiques, économiques et financières entre l’Union européenne et 48 pays d’Afrique subsaharienne, arrive à expiration en février 2020. Se pose, ainsi, aux deux continents la question du partenariat qu’ils souhaitent définir entre eux pour les 20 prochaines années, et du niveau d’ambition de celui-ci. C’est le sens des 12 propositions formulées par l’Institut Montaigne dans son rapport publié en juin dernier, intitulé Europe-Afrique : partenaires particuliers.
The moon and space exploration are tempting more nations than ever. Global powers are preparing for possible space war. The visions of science fiction writers are approaching reality…
Tosin Durotoye is an alumna of the Atlantic Dialogues Emerging Leaders Program 2018.
On an unremarkable day in 2015, I woke up and decided it was time to move back home. At the time, “home” was the United States where I’d spent my formative years and lived for over 20 years. However, my birth home – the home at the core of my identity and the home I would be returning to - was Nigeria.
My family had immigrated to the U.S. during the Abacha era – a time of great social and political unrest in Nigeria. At the time, my father had received a job offer in the U.S. and while he never had plans to return to the country where he’d lived for many years and received his master’s degree and Ph.D., he also knew that the opportunities he wanted for his children would not be found in Nigeria.
Two days ago, Boris Johnson was appointed as the new prime minister of the United Kingdom after Theresa May stood down over her failure to lead Britain out of the European Union.
Below is an international press review of events leading to this British political change of scenery by Helmut Sorge, former Foreign editor, and Middle East expert for Germany's leading newsmagazine "Der Spiegel", and columnist at the Policy Center for the New South.