The price of the euro in terms of the US dollar closed at 1.135 in November, against 1.156 in October and 1.193 in November last year. The yearly growth rate of the price of the euro in US dollar terms fell to –4.8 percent in November from –0.7 percent in …

In an address to the nation in early July, President Joe Biden suggested that one of the factors leading him to withdraw all remaining U.S. troops from Afghanistan was the “need to focus on shoring up America’s core strengths to meet the strategic competition with China and other nations that …

Last week, the U.S. Department of Defense released a one-page summary of its findings from an investigation into a drone strike in Kabul that killed a family of 10 during the U.S. withdrawal from Afghanistan. U.S. military officials had received intelligence that a specific car had visited a “suspected” Islamic …

The anger directed by Americans at Pakistan in the wake of the disorderly end of the U.S. war in Afghanistan is understandable. After all, Pakistan really did give shelter to the Afghan Taliban, something that played a vital role in the Taliban’s eventual victory. However, the reaction in Washington is …

There are any number of ways to measure one of the great secular transformations of our time: the decline of the United States’ power relative not only to a rising rival like China, but to the rest of the world generally. From 1960 to the present, the American share of …

Russia’s ongoing military buildup along its border with Ukraine has cast into sharp relief the debate about how the United States, and its allies, can most effectively ensure security in the no man’s land lying beyond NATO’s eastern perimeter. Meanwhile, China’s mounting campaign of military pressure and intimidation against Taiwan …

Throughout much of the past century, the idea of a gold standard for national currencies has been routinely linked with laissez-faire economics and “classical liberalism”—also known as “libertarianism.” It’s not difficult to see why. During the second half of the nineteenth century—as free-market liberalism was especially influential in much of …

Mirko Zecevic Tadic was a member of the self-styled Croatian Defense Council during the Bosnian War. He had just reached adulthood as the fighting broke out in 1992, and eventually lost his right leg below the knee in a conflict that pitted neighbor against neighbor and majority Bosniaks, Serbs, and …

Russian President Vladimir Putin had been isolated on Ukraine in a series of major summits throughout December, but that changed significantly on Wednesday when his Chinese counterpart Xi Jinping offered his strong support, strengthening an emerging Moscow-Beijing axis. The Chinese premier’s alliance with Putin — one of the key factors …

Cognizant of India’s growing strategic denouement with Russia, visibly so in 2021, in wake of Russia’s outsized priority to China and pivot to Pakistan in its South Asian policy formulations, Russian President Putin made a significant six-hour dash to India, to rebalance Russia’s fraying strategic partnership with India on December …