Courtesy: Daily Record
The collapse of Silicon Valley Bank has global strategic implications. Santa Clara County, the home of Silicon Valley is nearly the size of Hong Kong. A meltdown of Silicon Valley would be catastrophic for U.S. leadership in the technology sector, especially when the U.S. and China are engaged in a technology race for supremacy in commercial and military applications.
Courtesy: IMF
Since the 1990s, South Asia–East Asia trade and free trade agreements have accelerated as India’s trade realigned toward East Asia. As regional trade recovers after the COVID-19 pandemic, South Asian economies have opportunities to participate in global value chains and services trade. BIMSTEC may catalyze more effective regional cooperation for small and large economies alike.
Courtesy: 24 News HD
India’s economy is looking bright, but there is a shadow in its neighbourhood. Pakistan’s fast deteriorating political and economic condition can create fresh uncertainties for India on the national security and economic security front.
On Dec 1, the Reserve Bank of India introduced the Indian Digital Rupee-R (retail) on a pilot basis with four participating banks. Reserve Bank historian and former central banker Bazil Shaikh explains what a digital rupee is vis a vis traditional money, the advantages and concerns, and its future in cross-border transactions.
![EuropeProtests-01[85] copy](https://www.gatewayhouse.in/wp-content/uploads/2022/11/EuropeProtests-0185-copy.png)
Courtesy: Gateway House
Discontent over high energy prices, spiralling living costs, and anti war sentiments have gripped Europe, resulting in protests and civil unrest across the continent. With no immediate solution in sight, public resentment is likely to intensify through the coming winter months
Courtesy: Valdai Discussion Club
The reference to India by Russian President Vladimir Putin at the Valdai Discussion Club may be interpreted as encouragement to New Delhi to use its good offices to nudge the warring sides to the negotiating table. Mediation is a big power game, and this may be the right time for India, at the cusp of the G20 Presidency, to start with a record of success
Courtesy: The Economic Times
A quick look at the list of top Chinese companies shows that the vaunted private sector has receded and the state-owned giants now dominate. Under the new Xi Jinping regime, they are unlikely to relinquish their position. What does this mean for China – and for India?
Courtesy: PTI
The consecutive Presidencies of the G20 for India, Brazil and South Africa provides a rare, unique opportunity to forge an agenda common to both the G20 and IBSA. The timing is coincident: with Russia and China consumed by conflict and zero-Covid respectively, BRICS has receded. IBSA can convert both crises into an opportunity and become relevant to the Global South’s current and future challenges.
Courtesy: Reuters
Brazil will head to the polls in a runoff this month to choose its next president. Will it be incumbent Jair Bolsonaro, or former president Lula da Silva? Both are popular with their voter bases, but both have hurdles to overcome, most notably the economy, and have differences on their global political alignment – particularly important as Brazil will be the G20 President in 2024.
Courtesy: Getty Images
Wide-ranging economic sanctions on Russia are likely to stay for several years, if not decades. Given Russia’s critical global role as a supplier of key commodities and military hardware, India should pursue long term solutions to continue this trade.
