While China has announced plans to boost the use of the Chinese currency renminbi in Southern Africa, part of Beijing’s efforts to diminish use of the dollar, a new study by Carnegie Endowment for International Peace (CEIP) highlights a number of major obstacles that stand in the way of BRICS’ de-dollarization efforts. In a visit […]
Turkey is following in the footsteps of China and Russia in seeking to strengthen its foothold in the continent focusing mainly on oil and gold. Next month, Turkey will send the research vessel Oruc Reis to explore offshore oil blocks in Somalia, where Ankara has its largest overseas military base and manages key infrastructure. Turkish […]
The Pentagon is carefully studying military intervention options in Libya against self-style IS, a US official told reporters. “We’re looking at military options, a range of other options as… the situation in Libya unfolds,” said Pentagon press secretary Peter Cook. Cook also explained that the expansion of the terrorist group is a major concern to […]
