Not long ago Europe seemed poised to become a superpower in world affairs. Now everybody is trying to figure out how the once noble European project can keep from crumbling into pieces.
As the UK ponders whether it should stay or go, the rest of Europe has dug an old proposal out of the closet: a core composed of the original members in a multi-layered Union.
By all estimations, the UK leaving the EU would not make good economic sense for either side. Nevertheless, political considerations often trump common sense. Yet even in the political sphere, a divorce would not be simple.
The Spanish government is deadlocked and unable to form any workable coalition. In his effort to come to his country’s rescue, King Felipe VI has also shored up the monarchy’s recently tarnished image. But his task is not an easy one.
Russia’s place on the geopolitical chessboard has changed drastically in recent years. The driving force behind this change is the mind of one man who has
the world constantly watching his next move.
For three millennia the region has been at the confluence of major historical events. Today is no different, with conflicts all around as major powers vie for supremacy.
The new leadership in Saudi Arabia has presented a plan for further modernizing the Kingdom and weaning it off oil revenues. How successful they are will be determined by a host of structural, political and cultural factors.
The odd-couple Saudi-American love affair may finally be drying out as American demand for foreign oil decreases. What has everyone worried is what may fill the vacuum of a foreign policy that has long been taken for granted.
With the flow of petrodollars slowing down, prudence seems to be the order of the day for the Arabian Peninsula. But the new Salman Doctrine is ambitious enough to raise concerns.
Policymakers must now step up to the challenges of a new era characterized by low growth and high uncertainty. Yet despite these revisions, experts are directing their attention to longer-term economic prospects, rather than short-term uncertainties.
Is China really a market economy? How the World Trade Organization answers this question will have a huge impact on countries struggling to remain competitive in the manufacturing sector.
In a context where profit is the ultimate goal, it would seem counterintuitive for businesses to pay someone to take their goods. But more and more the new phenomenon of negative pricing is starting to make sense.
In a world of acquisitions and mergers, the risk of getting swallowed by larger companies is ever present. Yet a small, historic automobile manufacturer, which has been defining the concept of design, luxury and style for over a century, is affirming its global position.
Some simple rules on how to turn a crisis into an opportunity, in politics as
well as in business, are indispensible in an age of social media.
The signing of the Paris Agreement by 175 parties is a major step in stemming climate change. But the future will be a long hard slog to keep the world from overheating.