Eurasia / Opinion
NEMETHY: Is the world heading towards a “polycrisis”?
According to historian Adam Tooze, we are currently potentially facing a “polycrisis”: a number of smaller to medium-sized crises in the world that have the potential to combine and reinforce each other.
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PANNIER: Putin arrived with little to offer an SCO summit that showed no real clout
Disparate interests of organisation’s member nations meant many major issues of the day could not even be discussed. But there was only one dominant member: China.
COMMENT: Armenia-Azerbaijan military escalation is a test for Russian status quo in the region
The new outbreak of fighting tests Russia's relevance in maintaining peace and stability in the South Caucasus and could endanger its growing alliance with Turkey.
PANNIER: At Shanghai Cooperation Organisation summit, watch the action on the sidelines
Most important discussions and agreements at Samarkand gathering likely to concern regional connectivity, and the odd men out are Russia and Belarus.
COMMENT: Samarkand SCO Summit – dialogue and co-operation in an interconnected world
Uzbekistan's chairmanship in the SCO has come at a moment of great change in the world – a period of "historical fracture", when one era ends and another begins, still unpredictable and unknown.
GUSTAFSON: Russian oil exports – are sanctions working?
Six months after the beginning of the Russian invasion, the “Devil’s Dance” of Western sanctions and Russian oil exports and revenues has barely begun. The main contest still lies ahead.
IMF: How food and energy are driving the global inflation surge
Global inflation was generally moderating when the pandemic began, and the downward trend continued into the early months of the crisis. But surging prices since late 2020 have pushed inflation higher than in all of the last five years combined.
NEMETHY: Demographics and Cost of Capital
While there are short-term fluctuations in interest rates caused by economic circumstances and central bank policies, there are also long-term structural trends affecting interest rates.
ING: Double-digit eurozone inflation within touching distance and there is nothing the ECB can do about it
Supply shocks continue to plague the eurozone economy, causing inflation to show few signs of abating in the short run.
Perspectives | Beijing and Moscow clash over Kazakhstan’s oil
China wants Russia to stop interfering with Kazakh oil exports.
COMMENT: As geopolitical tectonic plates shift, Central Asia's getting nowhere fast on unity
Tricky relations with Moscow and Beijing, a destabilised Afghanistan below the region’s soft underbelly and intra-regional rivalries turned a summit into a curate’s egg.
NEMETHY: The riskiest macroeconomic environment of the 21st Century!
In my opinion, the macro environment is riskier than before the Dotcom Bubble and before the Great Financial Bubble. Why? A nasty cocktail of factors which may reinforce each other:
COMMENT: What Karakalpakstan Shows Us About “New Uzbekistan”
Karakalpakstan’s dramatic protests of July 1 thrusted international attention on Uzbekistan’s sole de jure autonomous territory. The publication of Tashkent’s proposed changes to the constitution prompted unprecedented popular protests.
