On July 10 Indian Finance Minister Arun Jaitley released the government’s revised budget for the fiscal year 2015.
Xi Jinping’s reciprocal visit to South Korea following President Park Guen-hye’s State Visit to China in June 2013 amounts to the fifth meeting between the two leaders since their respective inaugurations in 2013. A delegation accompanied President Xi to Seoul, including Xi’s wife, seven high-ranking government officials and 200 Chinese business leaders.
On July 1 the cabinet of Prime Minister Shinzo Abe introduced defense policy reforms, including measures that would allow Japan’s Self Defense Forces (SDF) to exercise the right of collective self-defense and aid allies under attack.
On June 30, Chinese official media announced that the Chinese Communist Party (CCP) had expelled Xu Caihou from its ranks. The decision was taken earlier in the day by a meeting of the CCP Politburo chaired by President and CCP General Secretary Xi Jinping, according to the official bulletin.
This Monday, June 30, Chilean president Michelle Bachelet will be in Washington, D.C., to meet with U.S. president Barack Obama. This is her first visit to the United States since she was reelected (for her second, nonconsecutive term) in December of 2013. President Bachelet assumed office last March and has successfully finalized many important initiatives as part of her promise to fulfill 50 commitments within her first 100 days in office.
On June 24, the Japanese government issued a new “Japan Revitalization Strategy,” a blueprint of proposed structural reforms designed to boost the long-term growth potential of the world’s third-largest economy. This is the Abe administration’s second attempt to launch the “third arrow” of its comprehensive economic reform plan known as Abenomics (the first two arrows being monetary easing and fiscal stimulus) and builds on an initial growth strategy released one year ago. The markets expressed disappointment with the June 2013 package, but the reaction to this new version thus far has been generally positive with the Nikkei 225 index continuing to hover around a five-month high. Attention will now focus on how thoroughly the package of reforms is implemented.
Q1: How is the recent escalation of violence in Iraq impacting global oil markets?
As Iraq increasingly stumbles in the face of an overt threat from the Islamic State of Iraq and al Sham (ISIS), troubling questions emerge about how the United States might assess and address instability in the Middle East and wider threats posed by unconventional or irregular forces.
Q1: Why did President Obama give the speech?
A decade-long negotiation between Russia and China appears to have finally closed on May 21, during Russian President Vladimir Putin’s visit to Shanghai.