By Sanjeev Oak China’s ambitions to dominate global infrastructure through its Belt and Road Initiative (BRI) have suffered a major setback. Italy, the only G7 nation involved in the BRI, announced its withdrawal, delivering a symbolic blow to Beijing. Simultaneously, India’s announcement of the India-Middle East-Europe Economic Corridor (IMEC) has emerged as a strategic alternative, placing a crucial check on …

By Sanjeev Oak In 2023, the world witnessed even a global superpower like the United States teeter on the brink of bankruptcy before pulling itself back. The looming government shutdown, threatening millions of jobs, was averted at the last minute. Meanwhile, the Israel-Hamas conflict exposed growing opposition from Arab nations against the U.S., and Ukraine found itself fighting its war …

By Sanjeev Oak At the recently concluded G7 summit in Italy, the G7 group of wealthy nations officially endorsed India’s proposed Middle East-Europe Economic Corridor (IMEC). This ambitious project aims to boost global trade by establishing a robust infrastructure network and alternative, seamless transportation routes. A Strategic Link Between Asia and Europe The IMEC project, initially announced at last year’s …

By Sanjeev Oak The U.S. economy, renowned as a global superpower, is showing clear signs of heading toward a recession. Indicators such as rising unemployment and slowing economic growth have been apparent since last year. Recent data has now confirmed these concerns. Unemployment on the Rise In July, the U.S. recorded its fourth consecutive monthly increase in the unemployment rate. …

By Sanjeev Oak The recent missile attack by Iran on Israel, following an Israeli strike on Hezbollah, has heightened global concerns. In response, the United States immediately announced an increase in military presence in the Middle East, while Israel warned Iran of significant consequences. However, a world still recovering from economic challenges cannot afford this escalating conflict. On October 7th …