Australian economy would take ‘economic hit’ in South China Sea war

The economic fallout from military conflict in the South China Sea would hit every major economy in the Asia Pacific, including Australia, according to a new report.One third of global shipping - worth $4.8 trillion of international trade - passes through the waterway, which links Asia with Europe and Africa.But any disruption would result in global shipping … Continue reading Australian economy would take ‘economic hit’ in South China Sea war

World War Three alert: ‘You CAN’T stop us sailing there’ US warship heads into China Sea

THE UNITED States have taken tensions with China to a new high by "asserting their right" to sail warships past disputed islands in the South China Sea. Tensions between China and the US have been steadily mounting on multiple fronts, as the two nations clash on military power, trade and cyber-warfare. On September 26, US President Donald … Continue reading World War Three alert: ‘You CAN’T stop us sailing there’ US warship heads into China Sea

Russia and Iran ready to launch ‘oil-for-goods’ deal next week – Iranian oil minister

Iran hopes to start implementing an ‘oil-for-goods’ barter deal with Russia after June 7, said Iranian Oil Minister Bijan Namdar Zanganeh. It will supply Iranian crude oil to Russia in exchange for grain, equipment and construction materials. “We hope that next week” Russia will take its first imports, said Zanganeh, quoted by Bloomberg on Friday after … Continue reading Russia and Iran ready to launch ‘oil-for-goods’ deal next week – Iranian oil minister

China Is Deepening Its Foothold In Africa

http://emergingequity.org/2015/02/04/china-is-deepening-its-foothold-in-africa/ By Salman Rafi Sheikh - No country has so rapidly and so successfully penetrated in Africa in the last two decades or so as China has. Not only has China managed to take over economic ‘supervision’ of Africa, but has now started to deploy its military in the region too. China may be Africa’s biggest … Continue reading China Is Deepening Its Foothold In Africa