Courtesy: Investopedia
The Bank of England was in the news because of the ‘gold squeeze’- traders moving gold from London to New York to profit from the price arbitrage. An informal version of this is taking place between Bangladesh and India.
Courtesy: President of Russia-Events website
Europe has reduced its reliance on Russian gas following the war in Ukraine, and its chief supplier Russia is mired in western sanctions. What does it mean for Russia? It has certainly changed the fortunes for American gas to be sold to Europe: as of 2023, the US had become the world’s top exporter of gas.
Courtesy: Oxford University Press
The India Middle-East Europe Economic Corridor (IMEC) announced during India’s G20 leaders’ summit in September 2023 aims at security and ease of connectivity by multi-modal physical, digital and energy corridors connecting India, UAE, Saudi Arabia, Israel, and Europe. Like many of the connectivity projects created around the world today, IMEC’s origins are 2,300 years old, ancient routes that connected the Indian Ocean to the Mediterranean Sea
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Mumbai and Antwerp share a history from the 18th century. Traffic between the two ports expanded with Belgium among the top three European countries trading with Bombay. After the Second World War, both cities developed a chemical industrial complex adjoining their ports. Today their centuries-old connections have come full circle with an active collaboration between their port authorities.
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Recent changes in Belgian and EU tax law and regulation have resulted in some Antwerp-based Palanpuri Jain diamond traders shifting base to the newly booming Dubai diamond market. But Antwerp dominates the diamond business for this enterprising community, where 400 families continue to stay and use it as a gateway to the European market for diamonds cut and polished in Surat and Mumbai in India.
Courtesy: Abhijit Chavda Podcast
Emerging middle powers like India, Brazil and South Africa are articulating their interests on the global stage with growing assertiveness. Manjeet Kripalani, Executive Director, Gateway House, joins Abhijit Chavda on his eponymous podcast to discuss changing dynamics between the West and the Global South, and how western and emerging middle powers can collaborate on shared priorities like multilateral reform, technology transfer and international trade.
Courtesy: Sputnik News
Germany wants to find common ground in a multi-aligned world. For such a world to thrive, actors of consequence must take responsibility for shaping and protecting a free international order that is reliable, yet dynamic, for the benefit of all. When it comes to the global commons, there can be no pick-and-choose approach to foreign policy.
Courtesy: Getty Images
Germany is India's largest trade and economic partner in the EU, but the relationship with France is a class apart, given its strength in military aviation and willingness to be a differentiated member of the West. Must this remain so? If Germany and the EU would be more understanding of India’s democracy and its role in upholding a rules-based order, their relations would be greatly improved.
Courtesy: Körber-Stiftung
Divergent global reactions to major crises such as those sparked by the war in Ukraine and NATO’s Afghanistan withdrawal have widened the chasm between Western countries and emerging middle powers. This survey, conducted among nearly 1,000 experts from India, Brazil, South Africa and Germany, examines key foreign policy priorities in these countries, and reveals that despite differences, dialogue is possible.
Courtesy: Tezbid
President Emmanuel Macron is the Chief Guest for India's Republic Day celebration. This comes six months after Prime Minister Modi went to Paris as the Chief Guest for France's Bastille Day. It marks a special continuum in the India-France bilateral, and the growing convergence of their respective visions which include a shared dedication to strategic autonomy, an understanding between friends, and the maturity of the bilateral.