Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
An interesting take on the perennial problem of piracy; analysing it through the prism of geopolitics. While attacks off the coast of Somalia have largely disappeared from the incident logs of recent years, China is building up a naval base in Djibouti, at the entry point of the Red Sea, from where it can ostensibly conduct anti-piracy measures, as well as extend a quasi-imperialist influence. It also explains why the Chinese were so reluctant to join the multinational anti-piracy efforts of a few years ago. “Established anti-piracy forces are not particularly attractive to China, as they are operated largely by those seen as rivals to China, and there is a fear that US led initiatives in particular would look to limit Chinese influence in wider matters.”
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