US Secretary of State Mike Pompeo has laid out a new vision for American economic engagement in the Indo–Pacific, announcing the rollout of a new US regional infrastructure initiative, which, while not explicitly targeting China’s growing economic power in the region, attempts to provide Indo–Pacific countries with US financial and technical alternatives to China. The funds may be modest, yet...
The Financial Action Task Force (FATF) avoided a decision to return Iran to its blacklist of countries not doing enough to combat money laundering. Iran’s continued litany of financial crime failings further undermines the future of the country’s nuclear deal with Western governments.
Officials from the US and China put on brave faces at the recently concluded US-China Strategic and Economic Dialogue. Tensions in the maritime and cyber realms, however, are threatening to send the relationship into a downward spiral.
The jihadist movement known as Daesh has claimed responsibility for the aborted attack on an art contest in Texas. But other than shared motives, there are hardly any real linkages. Overreaction and misreading of the threat will merely play into their hands.
China has established a global financial institution that focuses on building roads, railways and other key infrastructure projects crucial to development in Asia. Though there are concerns raised by the United States, the formulation of the AIIB ties China further into a multilateral system.