Sri Lanka is in huge distress due to the ongoing economic crisis. The country is witnessing a critical balance of payments issue wherein its foreign exchange coffers are dwindling at a rapid rate. This has led to irreversible problems makin...
The Indo-Pacific is gaining prominence due to shared interests and convergences among multiple significant countries, each with its own influences and objectives. The increasing mobility across the seas has contributed to the development of...
Rising commodity prices will have a negative effect on global growth. It will also increase the pressure on global inflation, as it will lead to higher prices for food and energy and on many other commodities. Although the effects of rising...
The 14th BRICS summit is to be hosted by China towards the end of June. This is the first time heads of state of Russia, China, and India are coming together since the launch of the military operation in Ukraine. The theme of this year's vi...
The Sri Lankan economic crisis is a long-running catastrophe in the island nation that began in 2019 and has become the country's worst economic predicament since its independence in 1948. It has resulted in record levels of inflation, near...
According to The New York Times, the European Union is contemplating "smart sanctions" against Russian oil imports, as per the statement by Valdis Dombrovskis, the European Commission's executive vice president. [1] The EU, on the 25th of A...
The World Health Organization declared COVID-19 a Public Health Emergency of International Concern on January 30, 2020, and endowed a pandemic status on March 12, 2020. COVID-19 remains an unprecedented public health crisis having global an...
In the two months since the conflict in Ukraine began, Russia has taken various steps to counter the West's economic interests. While it can claim victories, the full impact of the sanctions is starting to be felt. The West imposed various ...
In February, the IPCC Working Group-II released the second part of the sixth assessment report, ‘Climate Change 2022: Impacts, Adaption, and Vulnerability’. The key findings concerning groundwater scarcity are over-extraction of water for d...
Global oil prices witnessed a surge during the recovery period after COVID-related lockdowns. It rose to nearly 100 USD per barrel as the demand for oil increased. Oil is correctly termed as ‘black gold’ because it is accounted as the most ...
Four weeks have passed since Russia began its military invasion of Ukraine. Over the last few months in 2021, Russia was building up its military presence along the border with Ukraine in an overt response to increasing NATO expansion eastw...
In March 2021, a Japanese container ship ‘Ever Given’ blocked one of the busiest maritime trade routes in the world for nearly a week. As the ship got stuck in the Suez Canal, a key waterway, it prevented more than 400 vessels to make their...
