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Economy & Business

UK and Kazakhstan deepen strategic cooperation

During a visit to Astana, UK Foreign Secretary David Cameron, and Kazakhstan’s Foreign Minister Murat Nurtleu signed a Strategic Partnership and Cooperation Agreement, opening...

New sanctions ordered following Iran’s April 13 missile and drone attacks against Israel

Following Iran’s massive, but ineffective, missile and drone strikes against Israel April 13, the United States and the United Kingdom announced their new sanctions...

G7 Italy 2024 Foreign Ministers’ Statement on Addressing Global Challenges, Fostering Partnerships

The text of the following statement was released by the G7 foreign ministers of Canada, France, Germany, Italy, Japan, the United Kingdom and the...

U.S.-Ukraine Partnership Forum focuses on engaging the private sector in Ukraine’s Recovery

On April 17, in partnership with the U.S. Department of State, the U.S. Department of Commerce, and USAID, the U.S. Chamber of Commerce hosted...

U.S. and U.K. take new steps to reduce Russia’s revenue from metals

On April 12, the U.S. Department of the Treasury, in coordination with the United Kingdom, issued two new prohibitions in order to disrupt the...

COP 29: Azerbaijan takes the spotlight

The next global climate conference, COP 29, will occur in November in Baku, Azerbaijan. The gathering is essential to continue discussing and developing strategies...

Platform work: getting the right approach for consumers and workers

With an agreement finally reached by the European institutions on the Platform Worker Rights Directive after two years of fractious discussions, attention turns to...

EU-Armenia-U.S. High-level Meeting: A Critical Moment for the South Caucasus

On April 5, an EU-Armenia-U.S. trilateral meeting was held between European Commission President Ursula von der Leyen, Armenian Prime Minister Nikol Pashinyan and U.S....

Western corporations must be held accountable for their role in China’s Uyghur genocide

In recent testimony before the Senate, U.S. Treasury Secretary Janet Yellen stated that “the Biden Administration should be sanctioning human rights violations” there and...

New U.S.-Japan-Philippines Pacific bulwark established

The leaders of Japan, the Philippines, and the United States met in Washington April 11 for the first ever trilateral summit with a deep...

EU, U.S., Uzbekistan and other partners strengthen critical raw materials cooperation

The European Union, the United States, and other Minerals Security Partnership (MSP) partners, joined by Kazakhstan, Namibia, Ukraine, and Uzbekistan, officially launched the Minerals...

The Schengen Zone expands conditionally, for air and sea travelers

Europe’s passport-free Schengen Zone took an important step forward on March 31 with the partial inclusion of Romania and Bulgaria. Travelers arriving in the...

Inaugural B5+1 Forum launched to boost regional trade and investment

On March 13-15, government policymakers, business leaders, experts, and investors from C5+1 countries inaugurated the first-ever Business 5+1 (B5+1) Forum which was held in...

U.S. zeroes in on Houthi revenue sources

The U.S. Government made several announcements this month regarding new sanctions on Houthi revenue sources, building on steps taken in coordination with the U.K....

EU adopts safeguards on general purpose artificial intelligence

The European Parliament took an important step in regulating technology, approving on March 13 the EU's proposed Artificial Intelligence Act that aims to ensure...

Can Innovation Diplomacy End the Climate Gamble?

With today’s global challenges urging equally global responses, an overlooked subset of diplomacy emerges as potentially pivotal: innovation diplomacy, a discipline related to the...

EU strives to boost ability to detect and prepare for cyber threats

The Belgian Presidency of the European Council on March 6 informally agreed on the Cyber Solidarity Act (CSoA), aiming to build a more resilient,...

Eyeing competitors, OPEC+ countries will keep cutting oil production

Several OPEC+ countries are extending additional voluntary cuts of 2.2 million barrels per day, aimed at supporting what they are labeling "the stability and...

Intellexa Commercial Spyware Consortium sanctioned

The U.S. Government announced on March 5 a new set of sanctions on the members of the Intellexa Commercial Spyware Consortium based across Europe....

Zimbabwe: U.S. reconfigures sanctions to focus on corruption and human rights

On March 4, three separate U.S. Government Departments/Agencies issued Zimbabwe-specific sanctions guidance, demonstrating how complex and intertwined U.S. sanctions legislation has become and how...

EU Parliament strives to protect energy market from manipulation

Responding to the energy crisis exacerbated by Russia's invasion of Ukraine, the European Parliament approved on February 29 legislation to tackle energy market manipulation...

Russia sanctions remain a powerful tool to support Ukraine’s defense

Western leaders should not dismiss the two-year long sanctions campaign (as opposed to the 2014 Crimea sanctions) as unsuccessful simply because the Kremlin has...

New U.S. Russia sanctions widen scope, adding 500 new targets

The U.S. State Department released a comprehensive list of new sanctions measures on February 23, clearly the culmination of months of preparation in order...

Clear Direction or Misleading Headlines

In a world full of stories all noisily striving for attention, the individual importance of some of them will be exaggerated through scary headlines...

Washington strongly condemns Houthi attacks on shipping

The U.S. State Department issued a strongly worded condemnation of Houthi attacks on international shipping on February 21st, equating many Houthi attacks with piracy.Washington...

Alexandroupolis LNG Terminal going live after test runs

The Gastrade consortium confirmed on February 18 the long anticipated Liquified Natural Gas (LNG) terminal at Alexandroupolis in Greece’s province of Thrace has received...

Qatar, Kazakhstan to boost economic ties, energy projects

Qatar and Kazakhstan discussed economic cooperation between the two countries, including energy and signed a number of commercial agreements totaling almost USD 18 billion...

EU law banning greenwashing to empower consumers for the green transition

Companies can no longer market their goods using unfounded claims about their environmental impact and durability, Croatian MEP Bijana Borzan told NE Global in...

Investors Forum brings the Middle Corridor into EU-wide focus

Huge investment numbers were thrown around in Brussels January 29-30 at the Global Gateway Investors Forum for the European Union – Central Asia Transport...

A chance to embrace the Future of Work

The Ancient Greek tragedian Sophocles stated that without labor, nothing prospers. In the rapidly evolving landscape of the modern workforce, a seismic shift is...

US designates Yemen’s Houthis as terrorist organization

The Biden administration announced on January 17 that it is re-designating the Houthis, an Iranian-backed, Yemeni Shia Islamist group, as a terrorist organization. The...

Record-high American LNG exports reinforce EU energy security drive

US liquefied natural gas, or LNG, exports reportedly hit monthly and annual record highs in December, positioning the United States to potentially become the...

Kazakhstan pursues new economic model, balanced foreign policy

Transitioning to a new economic model, Kazakhstan’s strategic goal is to double its GDP by 2029 and the continuation of a constructive and balanced...

COP28 reaches compromise deal to transition away from fossil fuels

The United Nations Climate Change Conference (COP28) closed on December 13 with a compromise deal. Instead of “phase out” or “phase down,” the agreement...

Spare a thought for the environment this Christmas

In the run up to the festive season many people will be travelling by plane to visit family and friends. Spending time with loved...

Sustainable tourism to help world economies, societies

NE Global sat down with Alessandra Priante, the Director of the UNWTO for Europe, the UN agency that promotes sustainable and responsible tourism, to...

What will it take to prevent a Gaza reconstruction fiasco?

Let us be unequivocal about the current war between Israel and the Palestinian terrorist organization Hamas - the latter declared this war on Israeli...

Russia’s powerful economic levers over Armenia

Armenia's relations with its strategic partner Russia are getting worse and worse and its leaders seem to desire a shift in geopolitical orientation towards the West....

Economy Minister says Kazakhstan to expand investment and diversify trade with Europe

Kazakhstan’s Minister of National Economy, Alibek Kuantyrov, spoke to NE Global in an exclusive interview about his country's relations with Europe, Astana's economic partners,...

New US actions against corruption and Russian malign influence in the Western Balkans

On November 16, the US Department of the Treasury’s Office of Foreign Assets Control, known by its acronym OFAC, designated eight individuals and six...

Rebuilding Ukraine: Opportunities and concerns for foreign businesses

Such is the scale of the effort required to rebuild Ukraine that the World Bank in March 2023 estimated it at $411 billion. That...

New DFC commitments to maritime infrastructure projects

The US recently announced two major commitments to funding maritime infrastructure and related commercial projects, one in Sri Lanka and another in Greece through...

The EU Green Deal is a barrier to trade and global partnerships

There is an English saying that if you can’t see the wood for the trees, then you should step back and then you will...

Kazakhstan accelerating efforts to expand the strategic Middle Corridor

The Trans-Caspian International Transport Route, which is frequently referred to as the Middle Corridor, is a multilateral institutional development project linking the containerized rail...

IEA warns transitions bring new risks to energy security

Clean technology and critical mineral supply chains are highly geographically concentrated, the International Energy Agency warned in its World Energy Outlook for 2023 and...

Turkey’s role in the EU’s energy transition

The European Union is facing a unique opportunity in a world increasingly defined by geopolitical tensions, economic turbulences and the urgency of addressing climate...

Central Asian leaders travel to China to pay homage to Xi’s BRI vision

China’s leader Xi Jinping threw a 10th anniversary bash for the Belt & Road Initiative (BRI), his $1-trillion plan to leverage Beijing’s financial resources...

US slaps new separate sanctions on Iran, Russia and Hamas

On October 18, the US Department of State announced new separate sanctions packages against Iran and Hamas; they are not directly connected. A number...

Shockwaves from the Gaza War begin impacting the global economy

In this era of globalization almost any regional crisis can be expected to trigger defensive strategies on the part of major companies and investors....

Digitalization and the future of work

The American philosopher Buckminster Fuller once stated that it is possible to study a caterpillar forever without being able to predict that it will...

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