Thursday, March 5, 2015
Iranian-backed Shiite militias and Sunni tribes have joined Iraq's military in a major operation to retake Saddam Hussein's hometown from the Islamic State (IS) group, while the U.S.-led coalition has remained on the sidelines.
With Prime Minister Benjamin Netanyahu facing a tough re-election fight in two weeks, the U.S. Congress has handed him an unprecedented boost with its effusive welcome to a message that resonates at home: Iran cannot be trusted as a threshold nuclear state.
The world's central banks are injecting a new complication into the Federal Reserve's decision on when to raise interest rates from record lows:
Strapped for cash and under pressure to deliver on reforms, Greece's new radical government has ruffled feathers in Brussels by not respecting the diplomatic niceties of the negotiating table.
Wednesday, March 4, 2015
Last weekend, Beijing ended its one-month rotating presidency of the United Nations Security Council. This was an opportunity for China to present an image of itself as a responsible world power, and the Chinese government grasped it with both hands, organizing an open debate on maintaining international peace and security.
There are two ways to see whether something is going to do well or badly — a top-down view or a bottom-up view. I spent more than a month traveling through Indochina and visited eight out of the ten members of the Association of Southeast Asian Nations (ASEAN) in the last year to get a first-hand view from the ground up.
Government forces in Ukraine and the pro-Russian separatists they have been battling for 10 months insist they are withdrawing heavy weapons from the frontline, as called for by a February ceasefire deal.
A recent trend shows a continuous fall in oil prices. Brent Crude Oil hit its lowest at US$45 per barrel in January 2015 after fluctuating around US$50 the previous months.
Tuesday, March 3, 2015
Legislative chaos and dysfunction still grip the U.S. Congress even though Republicans promised effective governance after taking control of both houses of the legislature. The battle over funding for the Department of Homeland Security (DHS) tells the tale.
The Middle East is burning. Jet fighters from Saudi Arabia, Jordan, the United Arab Emirates (UAE) and Egypt have attacked numerous Islamic State (IS) movement targets in Syria, Iraq and Libya, mainly in response to the sadistic killing of a captured Jordanian pilot, Moaz al-Kasasbeh.