Eurasia Press & News
If the US rate of response is only two retaliatory rounds of strikes to dozens of attacks since January, the US is not deterring the pro-Iran groups. For the second time this year, the Biden administration has responded to threats to US forces in Iraq by carrying out airstrikes. The …
Read More »4 killed in US airstrikes on Iran-backed militias in Iraq, Syria
The United States military said on Sunday it targeted operational and weapons storage facilities at two locations in Syria and one location in Iraq. At least four members of Shi’ite militias were killed in “defensive precision airstrikes” which US President Joe Biden ordered against facilities used by Iran-backed militia groups …
Read More »Did Netanyahu sabotage ties with the US?
Former prime minister Benjamin Netanyahu denied charges that he was deliberately trying to harm Israel’s relationship with the Biden administration. Opposition leader Benjamin Netanyahu was acting “childishly and irresponsible” by attempting to harm ties between the new Israeli government and the Biden administration, Prime Minister Naftali Bennett said in a …
Read More »With a New Chief, the WTO Aims for a Return to Relevance
The World Trade Organization made history last month when its members chose Ngozi Okonjo-Iweala as director-general, the first woman and first African to hold that position. A former Nigerian finance minister and senior World Bank official, Okonjo-Iweala enjoyed near-unanimous support, but her candidacy had been stalled by opposition from the …
Read More »China’s Boycotts of Western Brands Aren’t Very Effective
China has a long history of wielding its immense market power as a tool of economic coercion. During the first half of the 20th century, it fought back against colonial powers by organizing boycotts of goods from the United States, the United Kingdom and Japan. Nearly a century later, China …
Read More »Europe Is Souring on China
The European Parliament has voted overwhelmingly to freeze a massive investment deal with China that had taken seven years to negotiate. The Guardian reported that the resolution suspended “any consideration of the EU-China Comprehensive Agreement on Investment (CAI), as well as any discussion on ratification” until China lifted sanctions on …
Read More »Biden Won’t Say It Out Loud, but He Might Want a Weak U.S. Dollar
“The exchange rate is the most important price in any economy, for it affects all other prices,” as Harvard political economist Jeffry Frieden put it. Since the U.S. dollar is the most widely used currency for cross-border exchange and investment, it is fair to say its value is the most …
Read More »John Bolton joins newly launched Turkish Democracy Project
The group describes its mission as “encouraging Turkey to adopt more democratic policies and responding to the steady erosion of Turkey’s democratic institutions.” John Bolton, the former national security adviser to President Donald Trump, says he’s joined the advisory council of the Turkish Democracy Project, a newly launched nonprofit, “to …
Read More »Turkey arrests 26 in raids against Islamic State
There are concerns about the Islamic State’s ability to still operate within and close to Turkish territory. Turkish police arrested 26 people on Monday for allegedly being linked to the Islamic State (IS).
Read More »Allies Abdel-Fattah, Al-Kadhimi, Abdullah II Assemble to Address Area’s Affairs
The leaders of Egypt, Iraq and Jordan on Sunday held a historic meeting in Baghdad, looking to strengthen trilateral relations and shore up regional alliances in the face of growing Iranian aggression. President Abdel Fattah el-Sisi became the first Egyptian head of state to travel to Iraq since the two …
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