Economy
United Kingdom’s £100m Defence Deal with Turkey

United Kingdom’s £100m Defence Deal with Turkey

The first month of 2017 was a tumultuous one for global politics— from the Brexit judicial decision to the inauguration of US President Donald J. Trump. One particularly surprising development was the materialisation of a £100 million defence deal between the United Kingdom and Turkey. These funds will help Turkey build fighter jets and will...
Optimistic Saudi Bond Pricing Portends Rocky Future

Optimistic Saudi Bond Pricing Portends Rocky Future

After oil plummeted from prices of 100 USD to record lows below 30 USD, the Saudi Arabian government is wary of being left with 70 years worth of oil reserves, as this could render the sovereign country dead in the water. Bearing the heavy shackles of oil prices would sink the heavily oil-dependent country into...
CETA

CETA

On 30 October 2016, Canada and the European Union signed what is being referred to as the largest trade of the decade: The Comprehensive Economic and Trade Agreement (CETA). Considered a milestone in trade agreements, the BBC states that the ‘deal removes 99 per cent of tariffs’ and plans to ‘generate and increase in trade...
Canadian Strong: Basic Income Trials on Track

Canadian Strong: Basic Income Trials on Track

The Canadian province of Ontario is moving forward with its highly anticipated plans to test universal basic income (UBI). The provincially sponsored C$25m initiative is expected to be finalized by Spring 2017 and will make Ontario the first North American government in decades to trial the controversial public policy. Designed to combat poverty, UBI is...
In Defence of Free Trade

In Defence of Free Trade

The march towards free trade has been strong and steady since the end of World War II. The removal of tariffs and non-tariff barriers were seen as an increasingly desirable way to encourage countries to cooperate and to develop new economic opportunities. Indeed, the creation of the European Coal and Steel Community (ECSC), comprising West...
One Small Step For OPEC, One Giant Leap For Global Markets

One Small Step For OPEC, One Giant Leap For Global Markets

It has been a tough year and a half for oil, specifically the price of a barrel of crude in relation to the sheer volume of it being pumped from the ground. Since April of 2015, the price for crude has been declining steadily, and has subsequently been wreaking havoc on global markets and economies...
America Turns Its Back on TPP

America Turns Its Back on TPP

Although free trade was once the natural response by states to the globalisation of economies, many are now stepping backwards and re-weighing its benefits. The United States has taken a leading role in the creation of free trade agreements (FTAs) globally since the beginning of the 21st century and is now on the verge of...
Putting the ‘Rat’ in Rato

Putting the ‘Rat’ in Rato

Needless to say the past two decades have been turbulent financially, and this has resulted in a general loss of trust in the ‘executive class’ globally due to their shortcomings (albeit this is thanks to a few terribly bright individuals). It is no surprise that this group of global executives and business leaders seems incorrigible. The bankrobbers of the Wild...
Struggling to Switch Gears, China Stalls

Struggling to Switch Gears, China Stalls

Following the financial crisis of 2008, the global superpowers adopted near-zero interest rates and currency devaluation in hopes that these would rev up their economies. Lower interest rates boost investment and weaker currencies increase exports— like giving a little gas when attempting to jumpstart your car. As the value for one currency decreases, however, others...
Reinventing the Wheel: Uber Diplomacy

Reinventing the Wheel: Uber Diplomacy

Uber’s premise is simple: “Tap the app, get a ride.” In just a few years, Uber Technologies Inc. went from mobile app to global phenomenon— completely reimagining what urban transportation can achieve in the twenty first century. With humble beginnings, Uber was once known as UberCab— a ride-hailing mobile app launched in 2009 by entrepreneurs...
Balance of Power in Southeast Asia: Vietnam’s Strategy

Balance of Power in Southeast Asia: Vietnam’s Strategy

Southeast Asia is economically booming, with a flood of foreign investment and a 5 per cent growth rate expected for 2016. A slowing Chinese economy does not even seem to break this good momentum. Politically however, things are not so positive. Southeast Asia is buying considerable amounts of weapons in its increasingly tense regional environment....
Could the F-35 Finally Make its Way to Singapore?

Could the F-35 Finally Make its Way to Singapore?

Singapore’s acquisition of the Lockheed Martin F-35 Lightning II has shifted from an unlikely possibility to a plausible probability in recent months. The F-35 is being touted as a state-of-the-art fifth generation fighter, described as only second to the U.S. Air Force’s prized F-22 in air-to-air capabilities and the best in air-to-ground abilities. While many...