Leaders from the European Union’s 27 member states will meet in Brussels on Thursday to find ways to succour Ukraine and to rethink some of its own security arrangements. Europe is hastily adjusting its thinking on defence as American policy under President Donald Trump looks ever-less predictable. A plan will be presented for the EU to help member states borrow from a fund of €150 billion ($161 billion) to spend on defence, some of which would be used to boost Ukraine’s war effort. EU fiscal rules that constrain spending also look likely to be relaxed so that national governments can splurge up to 1.5% of GDP more on defence.
Tag: Donald Trump
Is Russia’s Economy Slowing or Stalling?
Data released on Wednesday will help answer an important question: is Russia’s economy slowing or stalling? In the three years since the country invaded Ukraine, its economy has held up better than most observers had expected. Unemployment fell to just 2%. GDP growth has been decent due to oil exports, which were strong despite Western sanctions. Russian consumers benefited from the knock-on effects of an enormous boost to spending on defence, welfare and infrastructure. But that could now be changing. In late 2024 the West tightened its financial infrastructure and oil trade.
H-1B Visa Politics: US Immigration Policy and its Impact on India
The triumph of the Republican leader Donald Trump as the President of the United States has brought the political focus on immigration issues and the H-1B visa programme to the forefront. The tough posture on the H-1B programme in his first tenure has softened his stance in his second tenure with courtesy of his Silicon Valley ally and supporter Elon Musk whose company thrives on a global talent pool for whom he says “we cannot do without them…go to war for visa issue if necessary”. With Musk appointed as the head of the New Government Efficiency Commission tasked with cutting down the federal budget from US$6.75 trillion to US$2 trillion, Trump intends to make the US into a manufacturing superpower to accomplish his mega project of ‘MAKING AMERICA GREAT AGAIN (MAGA).
United States under Trump 2.0 wants the Panama Canal
Donald Trump recently claimed that the United States is being “ripped off” by the Panama Canal’s administrators and alleged that “Chinese soldiers” are operating the canal. He has threatened to “demand the return of the Panama Canal” to the United States. On December 23rd, Panama’s president, José Raúl Mulino, responded by asserting that “every square metre of the Panama Canal” is the country’s property, a stance supported by opposition parties. Trump’s actual objectives might be less extreme, but their specifics remain unclear
Trump to Mediate Peace between Russia and Ukraine
Nobody expects Donald Trump to end the Ukraine war in 24 hours, as he has claimed he could in the past. However, the new administration, which takes office on January 20th, is highly invested in bringing both sides to the negotiating a peace deal. But even that may prove difficult. In an Interview on December 30th the Russian foreign minister, Sergei Lavrov, slammed leaked proposals from Trump’s team for a peace deal. Putin, who believes Russia is winning, has given no sign of retreating from his maximalist goals.
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.
Trump’s 2.0: Testing Period for Saudi-Iran Rapprochement
The shifting geopolitical landscape in West Asia has become particularly evident after the Saudi Arabia-Iran rapprochement. Despite the prevailing instability in the region exacerbated by the Gaza crisis, the détente between these arch-rivals has opened diplomatic channels to bolster cooperation. Amid rising pragmatism in the Gulf, Donald Trump’s victory in the presidential elections has brought United States policy in the region into the spotlight.
What Trump’s Return to the White House Means for America, the World and India
As the world braces for another chapter in the American experiment, the return of Donald Trump to the White House promises not just a change in leadership, but a seismic shift in the global order—one that will be felt in corridors of power, war-zones, and beyond.