How to correct global imbalances?
The global economy and planetary system are hugely imbalanced because of climate warming and widening social inequities. Big Power rivalry and disruptive technology threaten to push these imbalances further beyond fragility, towards even collapse. What should we be doing about these existential threats?
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Bangladesh-WB partnership deep rooted and set to grow further
Considering how fast Bangladesh has recovered and how the global economy has shaped itself, a lot of equations has changed. When in 2012, WBG had taken a step back from financing the Padma bridge Project, rumours spread regarding the partnership. However, the truth came to light and the relationship was unaffected. WBG is currently focusing on a sustainable development by ensuring a healthy environment.
BRICS membership: A game-changer for Saudi Arabia’s economy?
As Saudi Arabia prepares to potentially join the BRICS, there is much to consider in terms of the impact on the country’s economy. While some may view this as a simple geopolitical move, it could have significant economic implications for the region and the world as a whole.
Eurasian Integration in a Multipolar World
Within the context of the rapidly changing geopolitical situation, Moscow will host the second Eurasian Economic Forum on 24–25 May and the focus will be based on reviewing and designing new paths of economic integration and the search for suitable paradigms of cooperation among the members in the Eurasian region.
Why is Japan edging closer to Bangladesh and India?
Bangladesh, Japan and India held a conclave in Agartala (Tripura, India) on 11-12 April to put in place connectivity initiatives to harness the commercial potential of the region. Asian Confluence, a think-tank in Shillong (in northeastern India), in collaboration with the Ministry of External Affairs, Government of India, organised the event, attended by Deputy Foreign Ministers of Bangladesh and India along with the Chief Minister of Tripura, the Japanese envoy to India, and others.
Debates around De-dollarisation and Yuan Internationalisation
As the Chinese Yuan (CNY or Renminbi) is being adopted for more and more international payments, policy debates around de-dollarisation have heated up. Many countries like Russia, Brazil, and Argentina are increasingly exploring the use of the CNY. Beijing is now settling most of its international trade operations using the Chinese yuan.
India joins China in De-dollarization Drive
In recent years, a movement called “de-dollarization” has gained momentum, as countries seek to reduce their dependence on the US dollar and promote greater economic sovereignty. This trend has been driven by economic and geopolitical challenges faced by many countries under US sanctions or influence.
A new Asian order takes shape
By building up the notion of the Indo-Pacific as a critical region, Shinzo Abe, the late Japanese prime minister, created a strategic framework that presaged the geopolitical and economic integration now taking place across Asia and parts of Africa. As South Asian and Middle Eastern countries merge into West Asia, a new continental order could reshape the global balance of power.
IT must be front and centre for Smart Bangladesh
With Bangladesh on the cusp of achieving middle-income status as an economy, and with its short-term and long-term goals of fulfilling the Sustainable Development Goals by 2030 and of course, beating the middle-income trap and becoming an innovative, smart Bangladesh by 2041.
Global Banking Meltdown: Did Bangladesh receive the Aladdin’s Lamp?
During times of economic downturn, it’s not uncommon for banks to face financial difficulties and even collapse. But, when US Banks collapse, the whole world goes through a financial crisis. However, it seems like a miracle is happening on the other side of the world. In one part of the world, where the banking industry of a developed economy, the US, is going through a difficult period, the banking sector of a small developing country Bangladesh is performing well.
Digital security act: Between devil and the deep blue sea
Perhaps, the Digital Security Act-2018 (DSA) is the most discussed law in the past few years. The narrative regarding it is also perhaps the most dichotomous. While the dissidents and anti-establishment activists coin it as a draconian law, the ruling party activists try to defend it. It seems the outlook regarding the law is now between the devil and the deep blue sea.
India’s import of Russian oil reaches new high in May
Ukrainian army’s offensive attempt failed, 250 soldiers killed
Saudi’s Al-Ittihad to sign Karim Benzema on 2-year deal
Bangladesh’s export jumps by 27% in May
Oil prices rise as Saudi Arabia pledges production cuts
Oil tanker breaks down in Suez canal, tugboats deployed to tow it
How to correct global imbalances?
Putin threatens to strike new targets over western arms for Ukraine
Global food prices fall to 2-year low in May
Opec+ to go for further output cuts to rein in weak prices
Bangladesh signs long term LNG deal with Qatar
Biden signs debt ceiling bill into law, default averted
Saudi Arabia’s merchandise exports soared to $410bn last year
Elon Musk regains world’s richest person title
Amazon to pay $30.8m over alleged spying on customers
US to provide Ukraine with new military aid package
House clears US debt ceiling deal to avert default
BRICS ministers meet in push to establish group as counterweight to West
US, Taiwan to sign first deal under new trade framework
Markets tumble as hardline Republicans threaten US debt deal