Tag: Russia

The Debt Problem Is Enormous, and the System for Fixing It Is Broken

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Martin Guzman was a college freshman at La Universidad Nacional de La Plata, Argentina, in 2001 when a debt crisis prompted default, riots and a devastating depression. A dazed middle class suffered ruin, as the International Monetary Fund insisted that the government make misery-inducing budget cuts in exchange for a bailout. Watching Argentina unravel inspired Mr. Guzman to switch majors and study economics. Nearly two decades later, when the government was again bankrupt, it was Mr. Guzman as finance minister who negotiated with I.M.F. officials to restructure a $44 billion…

At BRICS Summit, Countries Diverge Slightly on Israel and War in Gaza

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The BRICS group of developing countries — Brazil, Russia, India, China and South Africa — held a virtual summit on the war in Gaza on Tuesday, articulating divergent positions on the conflict that together reflected the reluctance of some nations outside the world’s largest industrialized democracies to fall in behind Washington’s support for Israel. Several other nations that have been invited to join the BRICS group next year also attended the conference — Egypt, Ethiopia, Iran, Saudi Arabia, Argentina and the United Arab Emirates. A joint statement released by the…

US has wrecked chances of peace in Middle East, Putin tells Brics summit

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US unilateralism has wrecked the chances of peace in the Middle East, Vladimir Putin, the Russian president, told a crisis Brics meeting on Gaza as he attempted to woo leaders of the global south. The virtual meeting of 11 nations, convened by South Africa’s president, Cyril Ramaphosa, came as Arab foreign ministers toured capitals to drum up support for a fresh UN security council resolution mandating Israel to introduce a full ceasefire and end what they say are breaches of international humanitarian law. The moves are the latest sign of…

A.I. Killer Drones Are Becoming Reality. Nations Disagree on Limits.

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It seems like something out of science fiction: swarms of killer robots that hunt down targets on their own and are capable of flying in for the kill without any human signing off. But it is approaching reality as the United States, China and a handful of other nations make rapid progress in developing and deploying new technology that has the potential to reshape the nature of warfare by turning life and death decisions over to autonomous drones equipped with artificial intelligence programs. That prospect is so worrying to many…

Apec summit ends with unity on WTO reform but not Gaza or Ukraine

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Pacific Rim leaders have shown divisions over the wars in Ukraine and Gaza after a two-day summit of the Apec forum, while pledging support for reform of the World Trade Organization. The 21 economies that make up the Asia-Pacific Economic Cooperation forum – among them Russia, China, the US and Australia – did not mention either conflict in their final joint communique. Instead an accompanying chair’s statement noted the bloc had “exchanged views on the ongoing crisis in Gaza”. Days of meetings involving Apec ministers and leaders were dominated by…

‘West v rest’ no longer seen as template for global alliances, survey finds

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As the US and Chinese presidents meet on Wednesday in high-stakes diplomacy intended to reduce tensions between the world’s two superpowers, a survey of 21 countries shows that geopolitical alliances no longer fit a “west v the rest” frame. Many in the west think it is in decline, many outside it want China to be more active in their economies and believe Russia will win its war against Ukraine, and many beyond Europe reckon the EU will not last another 20 years, according to the research, which concludes that global…

U.S. Faces Tricky Questions With African Trade Group

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As the United States seeks to deepen its relationships with African nations and counter the influence of rivals like Russia and China, it confronts a tricky question: How does it respond when countries do things that run afoul of Washington’s stated commitment to democracy and human rights? That tension hung over a major trade conference between the U.S. and African countries that started in Johannesburg this week, after President Biden announced that he was suspending four nations from a critical trade program that aims to promote economic development in Africa.…

In a Worldwide War of Words, Russia, China and Iran Back Hamas

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The conflict between Israel and Hamas is fast becoming a world war online. Iran, Russia and, to a lesser degree, China have used state media and the world’s major social networking platforms to support Hamas and undercut Israel, while denigrating Israel’s principal ally, the United States. Iran’s proxies in Lebanon, Syria and Iraq have also joined the fight online, along with extremist groups, like Al Qaeda and the Islamic State, that were previously at odds with Hamas. The deluge of online propaganda and disinformation is larger than anything seen before,…

The Race to Avert Quantum Computing Threat With New Encryption Standards

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They call it Q-Day: the day when a quantum computer, one more powerful than any yet built, could shatter the world of privacy and security as we know it. It would happen through a bravura act of mathematics: the separation of some very large numbers, hundreds of digits long, into their prime factors. That might sound like a meaningless division problem, but it would fundamentally undermine the encryption protocols that governments and corporations have relied on for decades. Sensitive information such as military intelligence, weapons designs, industry secrets and banking…

European leaders seethe over Putin-Orbán meeting

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European leaders must not “fall” for the tactics of Vladimir Putin, the Czech president, Petr Pavel, has said, two days after Hungary’s prime minister shook hands with Russia’s leader. Viktor Orbán, in a rare move for the leader of a country that belongs to the EU and Nato, met Putin in Beijing on Tuesday for what the Hungarian leader’s office described as a discussion on energy cooperation and peace. Hungary has long been criticised for democratic backsliding at home and its Russia- and China-friendly policies abroad. Its foreign minister, Péter…