World news

Houthis Expand Their Blockade Threat

The global economy runs through a small number of narrow channels. Two of them have been under simultaneous strain for different reasons, in different countries, but with the same basic lesson: Instability at a single strait or port city can…

Libya Moves Off the U.S. Dollar

On July 19, the governor of the Central Bank of Libya, Naji Mohammed Issa, met his Chinese counterpart Pan Gongsheng in Beijing and signed an agreement connecting Libyan commercial banks to China’s Cross-Border Interbank Payment System (CIPS).…