Search Results for: economy

The UN Syria Commission of Inquiry released a report Monday concerning the most severe escalation of violence in the country since 2020. Explosions during a military academy graduation ceremony in Homs triggered the escalation, which began in October, leading to a series of indiscriminate attacks by Syrian and Russian forces on opposition-held areas. The commission [...]

The idea of reviving the Silk Road is gaining traction, but with a twist: this time, it’s expected to ignite competition regionally and globally. China, spearheading the ambitious Belt and Road Initiative (BRI), aims to create a massive economic bloc by connecting its economy to around 150 countries. The World Bank estimates BRI’s potential to [...]

Russia’s Foreign Intelligence Service (SVR) on Monday accused the US of orchestrating a covert campaign to interfere with the upcoming Russian presidential election, set to take place on Mar. 15-17. The spy agency claims the administration of US President Joe Biden has ordered a group of American NGOs to stifle voter turnout in a bid [...]

US President Joe Biden signed an executive order Monday, in conjunction with the Treasury Department’s Office of Foreign Assets Control’s announcement of sanctions against Zimbabwe, that terminated the 2005 national emergency declared in respect to Zimbabwe. Those sanctioned include Zimbabwe President Emmerson Mnangagwa, his wife and First Lady Auxillia Mnangagwa, and other government officials.  In the [...]

Canada’s Minister of Innovation, Science and Industry François-Philippe Champagne and Minister of Canadian Heritage Pascale St-Onge announced in a statement Friday additional measures aimed at strengthening guidelines on foreign investments in the interactive digital media sector. The two ministers hope to clarify and improve the application of the Investment Canada Act, which governs foreign investments. [...]

Mozambican President Filipe Nyusi cannot be sued in English courts over allegations that he accepted unlawful bribery payments as part of Mozambique’s “tuna bond” scandal, according to a Thursday decision from the English Court of Appeal. The money laundering scheme nearly crashed Mozambique’s economy and embezzled individuals worldwide. The Court of Appeal ruled that Nyusi [...]

The Canadian government announced a new visa policy for Mexican nationals in a press release on Thursday, citing “an increase in asylum claims made by Mexian citizens that are refused, withdrawn or abandoned.” The policy creates new requirements for Mexican nationals receiving an electronic travel authorization (eTA) to travel to Canada by air. Going forward, [...]

The EU blocked a proposal on Wednesday aimed at fostering sustainability and responsible corporate behavior in the bloc. The Corporate Sustainability Due Diligence Directive (CSDDD) aimed to accomplish these goals while also protecting human rights and the environment in companies’ operations and corporate governance. The European Commission previously adopted the proposal on February 23. The CSDDD [...]

President Biden announced in a statement on Friday over 500 new sanctions on Russian entities, one day before the second anniversary of Russia’s invasion of Ukraine, and less than a week after the death of opposition leader Alexei Navalny. The sanctions target “individuals connected to Navalny’s imprisonment as well as Russia’s financial sector, defense industrial [...]

The EU adopted on Wednesday its thirteenth package of sanctions against Russia over the ongoing war in Ukraine. EU member states unanimously approved the new sanctions. They are expected to enter into legal force next week. The sanctions aim to further degrade key pillars of Russia’s war-making capabilities by expanding restrictions on Russian exports and [...]