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The U.S.-DRC-Zambia memorandum of understanding demonstrates how the United States aims to counter China and bolster its clean energy supply chains by deepening ties with African nations. Yet how distinct is the U.S. approach from the Chinese approach to such deals?
Amid the uncertainty, one thing is clear: be it in its current form or as an expanded outfit, as a vehicle for collective diplomatic sway or for China to increase its global reach, the BRICS grouping is here to stay.
Sanctions have not breached Russia’s economic fortress, but they have put a time bomb under its foundations.
Under Presidents Biden and Lula, the United States and Brazil have an opportunity to collaborate on key international issues like preventing climate change. Will they be able to mark a new era in U.S.-Brazil relations or will the two countries continue to operate at cross purposes?
The phrase lacks the depth and diversity of the world it purports to describe.
Meet Carnegie nonresident scholar Zachary D. Carter.
Lula’s unmatched global recognition can be a unique asset to strengthen Brazil’s role on the global stage.
Both Washington and Beijing treat rising debt as a consequence of irresponsible behavior by local institutions. But in China and the United States, rising debt is spurred by policies that have encouraged distortions in the distribution of domestic income. Until these distortions are addressed, both countries must choose between rising debt and rising unemployment.
That is why for all the excited debate, debt ceilings won’t limit the rise in US debt. They just allow Congress to pretend that it is doing something meaningful about America’s surging debt burden.
Alexandra Prokopenko focuses on the Kremlin’s decision to seize the Russian assets of two major foreign companies and what it means for the business climate and the other Western businesses who cannot — or will not — leave Russia. She also looks at Friday’s interest rate hike and new Western sanctions on Russia.