In the Middle East, a chain of conflicts is taking place set off by Hamas’s Oct. 7, 2023, attack on Israel followed by the latter’s retaliation on Gaza Strip; Iran’s region wide attack through non-state proxies; and thus, setting a stage for Islamist rebels to topple the Assad’s regime, ending a half-century-old dictatorship in Syria. We also witnessed more aggression from Russia on Ukraine and thereby threatening a wider confrontation in Europe.
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Is Luxury Losing its Spark? Affordable Exclusivity to the Rescue
The global luxury industry, long reliant on the wealthiest clientele, is facing a critical crossroads. As prices soar, even the affluent are beginning to feel the pinch, particularly in key markets like China. Luxury brands, which have historically thrived on exclusivity and high margins, are now confronting the dual challenge of maintaining their elite status while appealing to a broader, more aspirational customer base. The question at the heart of the industry’s future: Can luxury remain exclusive without pricing itself out of the market?
Islamic State is back in the United States
On New Year’s Day Shamsud-Din Jabbar, a 42-year-old American, rammed a pickup truck into a crowd in New Orleans, killing at least 14 and injuring 35. The FBI says it was terrorism; Jabbar had an Islamic State flag. If Jabbar was inspired by the ISIS, the Jihadist group can add the attack to its recent successes. Exactly a year ago, an ISIS terrorist killed 95 civilians in Iran during a ceremony to commemorate Qassam Soleimani, a top general assassinated by America.
Iran in Syria: A Strategic Setback, Not a Defeat
The blitzkrieg campaign by the Syrian rebel coalition headed by the Hayat Tahrir Al-Sham (HTS) leader Abu Mohammed al-Jolani ended the five-decade rule of the Assad family in Syria. President Bashar al-Assad was removed from power after an arduous and long decade of protest by the rebel groups. Amidst the dramatic shift, the future stakes of Iran in Syria have come into the spotlight. Being a prominent ally of Assad, Iran has faced strategic setback in a country crucial to enhancing its strategic depth. Nevertheless, it is too early to determine the aspect of strategic defeat as Tehran has the vitality to recalibrate its policy.
Constitutional Crisis in Georgia
On New Year’s Eve demonstrators in Tbilisi, Georgia’s capital, held a supra (a traditional feast) outside the parliament. They were not only welcoming in 2025 but expressing, yet again, their outrage at the ruling Georgian Dream party. In November, after winning a dodgy election, it halted EU-accession talks. The protestors, who will probably assemble for a 36th consecutive day on Thursday despite attempts to dissuade them with beatings, water cannon and tear gas, want a fresh vote to get Georgia back on a pro-Western track.
BRICS: India’s Position in the Emerging Global South Alliances
The BRICS (Brazil, Russia, India, China, and South Africa) grouping has been the forerunner of global economic and political developments for over a decade. The BRICS countries account for over 40% of the world’s population and over 25% of global GDP. They are also among the fastest-growing economies in the world. India is an important player in the BRICS grouping. It is the second most populous country in the world and the sixth largest economy. India has also been growing swiftly in recent years, with GDP growth comprising over 7% per year over the past decade.
Para Diplomacy: Driving the Rising Rajasthan Investment Summit
Para diplomacy can be understood as the actions initiated by states, provinces, or cities to establish international relations and promote their commercial interests. It also gives regions leverage to engage foreign investors and governments hence opening doors for partnership and capital investment. Rajasthan has adopted this concept in practicing its tourism policies by holding road shows and investor meets nationally and internationally. Such efforts are in the pursuit of introducing itself to a network of potential investors and marketing the state as the hub of opportunities in different fields.
Indo-China Border: A Perspective on Six-Point Consensus
The 23rd round of discussions between India and China’s special representatives on the boundary issue marks an important milestone in their bilateral relationship, particularly after a prolonged gap of five years. The agreement reached in Beijing, comprising six key points, reflects both progress and the complexities that existed in the India-China border dispute. While this consensus signals both parties desire for stabilising relations, it also highlights the deep seated security challenges that continue to shape the interactions.
The AI Revolution Comes to Drugs
Developing a drug is a complex process that often fails. It begins by identifying a target, such as a protein or gene, associated with a disease. Researchers then search for a molecule that can either block or enhance the target’s activity safely. This can involve screening as many as 1 million compounds before selecting just one or two promising candidates. Software can help to identify such molecules. But generative artificial intelligence (AI) can dream up entirely new ones to test. BCG, a consultancy, estimates that about 65 AI-inspired molecules are currently being tested on humans.
African Economies will Flourish in 2025
In October the IMF described a “two-track growth pattern” in sub-Saharan Africa. On one track are most of the 23 countries with sizeable exports of non-renewable commodities such as oil, gold or diamonds. These include Angola, Nigeria and South Africa. As prices for their exports sagged, their GDPs per person have dropped in the past decade. Most resource-rich countries have also been focused more on dividing the spoils of the boom years than on using the proceeds to build resilient economies.