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South-South cooperation has a long way to go

Location:

INTERNATIONAL

Foreign development assistance from and to countries in the ‘Global South’ aims to disrupt not only the established direction of aid flows from the northern to the southern…

Belarus faces oil price and COVID-19 shocks

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BELARUS

Reduced global demand due to COVID-19 and the collapse of OPEC+ output caps have driven prices under 40 dollars per barrel. That does not benefit Belarus, as its petroleum product…

Sri Lanka will struggle to manage downgrade fallout

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SRI LANKA

Sri Lanka’s finance ministry responded sharply, describing the move as “hasty” and “erroneous”. Colombo has recently borrowed from its regional partners Delhi and Beijing to help…

Third COVID wave calls for caution from Erdogan

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TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…

Canada economic recovery from COVID-19 will take time

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CANADA

The pandemic has plunged Canada into recession. Employment rolls shrank from 19.2 million (mn) in February to 16.2mn in April. Although they rose to 16.5mn in May, concerns about…

Russia's monograds risk becoming big problem for Putin

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RUSSIA

Russia's monograds (single-industry towns).

Prospects for Turkey in 2021

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PROSPECTS 2021

Fiscal and monetary stimuli and a policy-induced credit boom have combined with the broad normalisation of social life to contain COVID-19's impact on economic output. However…

UNRWA row fallout could devastate Gaza Palestinians

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PALESTINIANS

Also yesterday, the head of the Saudi humanitarian agency emphasised that some countries’ decisions to halt UNRWA funding risked “aiding” the deaths of Gaza civilians. Some 1.9…

Fires and illness will blight Australian tourism

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AUSTRALIA

Restrictions on travel from China have caused direct losses of up to 2 billion Australian dollars (1.3 billion US dollars) in that market alone. Meanwhile, Australian tourism and…

Australia investment limits may slow COVID-19 recovery

Location:

AUSTRALIA

The changes have been made as part of Australia’s response to the COVID-19 pandemic. They are intended to safeguard assets from bargain hunters while businesses recover from…