Eurasia

US targets Iran’s prosecutor general, military officials with new sanctions

The US Treasury Department also designated a company manufacturing riot gear for Iran’s law enforcement. The Biden administration on Wednesday unveiled new sanctions on Iranian officials, including the senior official overseeing the prosecution of protesters, as the nationwide anti-government demonstrations in Iran continue into their fourth month.  The US Treasury …

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Zelenskyy thanks ‘every American,’ sees ‘turning point’

Ukraine’s Volodymyr Zelenskyy told cheering U.S. legislators during a defiant wartime visit to the nation’s capital on Wednesday that against all odds his country still stands, thanking Americans for helping to fund the war effort with money that is “not charity,” but an “investment” in global security and democracy. The …

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Explosion in northern Iraq kills two soldiers, injures three

Two soldiers were killed and three were injured in an explosion in northern Iraq, Iraqi state news said Thursday. The soldiers were traveling in an army vehicle a day earlier in the Makhmour district when an explosive device detonated, the state Iraqi News Agency reported. No group immediately claimed responsibility …

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Is Democracy On The Wane? – OpEd

The Russian invasion of Ukraine coupled with Chinese muscle flexing comparable to a superior Power demonstrating the capacity of illiberalism to deliver goods to the needy more quickly than the democratic countries can do is an eye opener. Illiberal regimes can do because for example Xi Jin Ping’s Communist Party …

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China In The Middle Ground Between Middle Eastern Rivals – Analysis

In December 2021, United States intelligence claimed China was helping Saudi Arabia develop ballistic missiles. Washington feared the Saudis were abandoning them in pursuit of a closer partnership with China. For some US policymakers, this pointed to the growing threat of China displacing the United States as the principal external power in the …

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The Death Of Globalization And The New Industrial Models – Analysis

On December 6, TSMC held the opening ceremony for the arrival of the first batch of machines and equipment at its Arizona wafer fab. The event was attended by some of the most important personalities in the U.S., among whom were President Joe Biden, Secretary of Commerce Gina Raimondo, members …

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Will Russia Survive Until 2084? – Analysis

Will Russia survive until 2084? Readers may recognize the query as an allusion to Andrei Amalrik’s historic 1969 essay, “Will the Soviet Union Survive Until 1984?,” which itself was an allusion to Orwell’s famed novel. As with Amalrik’s question about the Soviet Union’s future, this query focuses on Russia’s future …

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EU Seals Deal On Gas Price Cap After Months Of Wrangling

EU energy ministers reached a deal on Monday (19 December) to limit excessive gas prices, following months of debate over whether or not to implement a price cap on imports into Europe. Under the agreement, gas prices on the EU’s main trading hub will be capped should they exceed €180 per megawatt-hour (MWh) for …

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History Shows High Inflation Can Last Over Ten Years – Analysis

Investors are on the edge of their seats for any sign that Fed central planners will someday “pivot” to cutting interest rates, instead of raising them. They forget that recessions and major stock bear markets have occurred after the Fed started cutting rates and the yield curve spread shifted from negative to …

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Saudi Energy Minister: OPEC+ Decision Turned Out To Be Right For Market Stability

An OPEC+ decision taken in October to cut oil production by 2 million barrels a day turned out to be the right one for supporting the stability of the oil market despite being described as “very risky” and “unfortunate” at the time, Saudi Arabia’s energy minister said on Tuesday. Speaking to the …

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