16.11 15:41 Politics

Russia’s Interests in the Middle East and South Asia

Summary

Russia is reassessing its relationships with many countries in the Middle East and South Asia. Some long-established relationships, such as those with Syria and Iran, are being tested while ties with other countries (Iraq and Pakistan) could become more important. How these relationships develop will depend on numerous ongoing trends in the region, such as the political changes resulting from the Arab Spring, Iraq’s potential re-emergence as a major oil exporter and the looming U.S. withdrawal from Afghanistan.

In the meantime, the regions will continue to be vital to Russia in maintaining leverage over the West - particularly the United States. The tension between Russia’s direct interests in the Middle East and its interests relative to the United States will be critical for understanding Russian behavior in the region moving forward.

 

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16.11 15:49 Society

US Famous "Architectural Digest" Magazine: Heydar Aliyev Centre is Among Top 5 of 12 Grandiose Architectural Projects

US famous “Architectural digest” magazine released the list of great and grandiose architectural projects of 2012. APA reports that the Heydar Aliyev Centre constructed in Baku is among top 5 of 12 grandiose architectural projects. The “Architectural digest” magazine noted that this place, which has a conference hall and museum, will play an important role in the formation of a new image of the Azerbaijan’s capital.

The Heydar Aliyev Centre was constructed under the order signed by Azerbaijani President on December 26, 2006. The construction of the center was started in 2007 and official opening of the building was held on May 10, 2012.

16.11 15:48 Politics

Germany, France Eke Out Q3 Growth, Worse Times to Come

Germany and France each grew modestly by 0.2 percent in the third quarter but with the euro zone’s debt-laden members suffering deeply, the currency bloc as a whole is likely to have slid into recession.

The quarterly performance Europe’s dominant economy reported on Thursday was in line with forecasts and analysts said it could not defy gravity for much longer. The French economy surprised on the upside, having been expected to post no growth at all after a revised 0.1 percent fall in the second quarter.

16.11 15:47 Economics

BP to Pay Record Fine for 2010 Spill

BP Plc is expected to pay a record U.S. criminal penalty and plead guilty to criminal misconduct in the 2010 Deepwater Horizon disaster through a plea deal reached with the Department of Justice (DoJ) that may be announced as soon as Thursday, according to sources familiar with discussions.

Three sources, who spoke to Reuters on condition of anonymity, said BP would plead guilty in exchange for a waiver of future prosecution on the charges.

BP confirmed it was in "advanced discussions" with the DoJ and the Securities & Exchange Commission (SEC).

16.11 15:46 Politics

Demonstrations Turn to Disorder in Europe

Europe’s day of demonstrations turned into a night of disorder in Spain and Portugal. In Madrid, police fired rubber bullets to disperse protestors. Rubbish bins were set on fire, filling the streets with smoke.

Almost 50 people were hurt when police clashed with demonstrators in Lisbon. More than 140 people were arrested across both cities.

The protests began peacefully enough in Brussels, but the situation deteriorated as eggs were thrown at the Geman embassy in the Belgian capital.

The continent-wide day of strikes and solidarity was organised by the European Trade Unions Congress.

16.11 15:46 Politics

Turkey Condemns Israeli Attack on Gaza, Demands Halt

Turkey’s Foreign Ministry condemned a series of Israeli strikes that killed a top Hamas military commander and many civilians in the Gaza Strip, and called on Israel to end its attacks, APA reports quotimg Today’s Zaman.

The Gaza offensive that Israel launched on Wednesday is the latest example of this country’s aggressive politics, a statement from the Foreign Ministry said.

"We strongly condemn this Israeli attack and immediately demand that it be stopped," the statement said, adding that no country, Israel included, is above international law.

05.11 12:36 Politics

Georgia: Economic Changes Amid a Political Transition

Summary

A strike at the port of Poti on Georgia’s Black Sea coast Nov. 1 is the latest in a string of labor protests in Georgia. The strike, which completely suspended shipping and unloading at the port, involved 1,200 workers demanding higher pay and better working conditions. Other economic sectors, including mines, railways and manufacturing, have experienced work stoppages recently. The strikes are symptomatic of a political transition in Tbilisi that could bring about economic changes in the country in the coming months. Changes in Georgia’s economic relationship with Russia could occur, too, though they would face political and security constraints.

05.11 12:20 Economics

Eurozone Unemployment up, Inflation Eases

The total number of people out of work in the eurozone hit almost 18.5 million in September as the latest figures show unemployment at record levels in September.

Spain is suffering most as 25.8 percent of the workforce are without a job. For young Spaniards – those under 25 – the unemployment rate is a staggering 54.2 percent.

In the past year the percentage in the 17 countries that now make up the eurozone has risen from 10.3 to 11.6.

Joaquin Galletero, one of Spain’s 5.78 million jobless, explained his predicament: “My wife is unemployed as well. We tried to set up a business but that didn’t work out, so we had to close it and we ended up both unemployed. So the situation is unbearable because now we’re starting to owe money to the banks and we haven’t been able to pay our mortgage”

05.11 12:19 Politics

Turkey’s Expanding Influence in the Gulf of Aden

Summary

Turkey is using humanitarian aid and development assistance to build its economic, political and energy cooperation with Yemen and Somalia. The effort is one part of a push to expand Ankara’s soft power in the short term and possibly secure long-term port access in those countries. Meanwhile, Ankara has also been increasing its naval presence in the Gulf of Aden to lay the foundation for a larger political and military role in the strategic waters. Since this push brings Turkey into heightened competition with its historical rival, Iran, Ankara will have to counter Tehran’s influence in the region.

Expert Opinion

‘United States will Act Cautiously in South Caucasus’

News.Az interviews head of the Transatlantic and Caucasus Studies Institute Ziba Normann by results of the presidential elections in United States.

- Considering the complex system of vote calculation, do you think that the results of the recent elections of the US president really reflect the will of the American people?

Undoubtedly, during the second presidential term of Barack Obama, his administration will face a very disengaged society. Among main difficulties Obama will have to face will be the split in the House of Representatives where Republicans hold the majority of seats.

It can strongly complicate the work of the government and lead to the loss of time, which will distract attention from other important issues, for example, foreign policy.

It would be excessive to suppose that the wishes of the American people fully coincide with Barack Obama’s or Mita Romin’s initiatives. Many Americans except for the electorate of the democrats did not like the things that each candidate proposed.

In fact, Americans want to have the government which would be able to hold a coordinated work. However, voters often give their votes for the democrat president but for congressmen from the Republican campus. By the irony of the fate, the will expression of voters is thus taking place but the motives of their actions remain unrealized.

- How would you assess the previous four years of Obama’s presidency in the issue of US policy in the South Caucasus, particularly, in relation to Azerbaijan and Nagorno Karabakh conflict?

Considering the foreign policy goals of the United States, the South Caucasus, remaining an important direction will not become the highest priority for the new Obama administration. Striving for a closer cooperation with Russia means that the United States will act cautiously in the Caucasus region.

The issue of Nagorno Karabakh conflict is still important for the United States. However, numerous collapses in the negotiation process, along with the moments of hope for a breakthrough prove that it is not easy to settle this conflict.

Obama’s administration was concerned about further possible destabilization of the South Caucasus, especially after the war in Georgia in 2008. US influence in the region is limited. Despite the good will it is unlikely that the United States is able to do more in connection with the resolution of the conflict, regardless of who is at power.

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