Monday, July 16, 2018

Europe’s economic powerhouses snub US, sign up to China-led World Bank

France, Germany and Italy have joined the UK in signing on to Asian Infrastructure Investment Bank, against US wishes. France, Germany and Italy on Tuesday joined the U.K. in signing onto the Chinese-led Asian Infrastructure Investment Bank (AIIB), brushing off Washington's reservations about the burgeoning institution and leaving the U.S....

One Port, Two Worlds: China Seeks Dominance in Athens Harbor

A Chinese executive with shipping company Cosco has helped transform part of Athen's Port of Piraeus into a success story. The multinational firm now has a controversial plan to acquire the whole facility and put it on track to join the ranks of Hamburg and Rotterdam. One could argue that China's...

Here’s What Putin’s Counter-Sanctions Did To EU Exporters

European food exporters have lost nearly a half a billion dollars in Russian business since the annexation of Crimea last March. Back then, Russia imports totaled around $1.2 billion. But then all hell broke loose in Ukraine. A pro-Russian politician got sacked by protesters and the Kyiv government put in Arseniy...

Washington’s Orchestrated Conflict with Russia: The Choice Before Europe

Washington continues to drive Europe toward one or the other of the two most likely outcomes of the orchestrated conflict with Russia. Either Europe or some European Union member government will break from Washington over the issue of Russian sanctions, thereby forcing the EU off of the path of...

European powers seek to bomb Libya to stop migrants

The European Union is preparing to bomb targets in Libya to stop migrants from attempting to cross the Mediterranean Sea in small boats. EU foreign policy coordinator Federica Mogherini is to brief the United Nations Security Council Monday on plans for a “Chapter VII” resolution that would give a...

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