Emerging markets, once the world’s great economic hope, could see the good times end as Beijing falters. We look at which countries are most vulnerable to the 21st century’s next financial crisis
“At the end of the day, most of the oil-producing countries will go into the free floating regime,” including Saudi Arabia and the United Arab Emirates, Karim Massimov said in an interview on Saturday in the capital, Astana. “I do not think that for the next three to five, maybe seven years, the price for commodities will come back to the level that it used to be at in 2014.”
Step aside, CNN, and make room, Al Jazeera: an international news network is coming to break the current "monopoly" on news and promote a Turkic point of view. Media scholars like John Merrill may welcome a diversity of perspectives in the global news flow as a counterbalance to Western news companies and their takes. The caveat is that the latest new channel is a brainchild of four autocracy-prone governments; primarily of Kazakhstan's president-for-life, Nursultan Nazarbayev.
Unlike Russia’s ruble, Kazakhstan’s national currency has for several months managed to hold ground against the dollar, only for it to now slump dramatically and spread alarm of more retreats.
For all the ceremony that marked Kyrgyzstan’s entry into the Eurasian Economic Union, not much appears to have changed on the border with the only neighboring fellow member, Kazakhstan.
A row has erupted in northern Kazakhstan over the erection of a monument to Russian Tsar Nicholas II, who is reviled by many Kazakhs for his association with the bloody suppression of an uprising in 1916.
The Kazakh government has a delicate balancing act between Russia and China, according to an opinion article by David Clark in The New Statesman, Britain’s weekly current affairs magazine, on August 4.
