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.

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.

Dispute over Military Operation Planning between the US and Ukraine

A war of words has broken out between the outgoing Biden administration and Ukraine’s president. Several US senior ranking officials have recently argued that Ukraine’s biggest problem is lack of manpower, and that it needs to lower the minimum age of conscription from 25 to 18. A government spokesman said that if Ukraine changes its policy, America will arm and train the recruits. Zelensky retorted that allies had fully equipped only a quarter of the ten brigades that he had requested earlier in the year.

To what extent has North Korea achieved Economic Liberalisation?

North Korea has a communist style of governance, and the role of market allocation schemes is limited. Basically, the country has a centrally planned economy with a total GDP of nearly 20 billion USD. It was expected to reach 21.24 USD billion by the end of 2023 and 25.06 USD billion in 2024. Comparably, North Korea’s GDP is 57 times smaller than that of South Korea’s GDP. The Gross Value Added (GVA) of the country is dominated by agriculture, followed by the manufacturing and construction sectors. North Korea had a similar GDP to its neighbour from the time of the Korean War until of mid-1970s. However, estimating the isolated nation’s GDP is actually a difficult task because of the lack of availability of data.