On a Tuesday in late October, an Afghan cleric, Sheikh Raheemullah Nangahari, was giving a speech in his madrassa in Peshawar, near Pakistan’s border with Afghanistan, when a blast ripped through the prayer hall, injuring him and killing eight others. It was the latest attack in a deadly rivalry between the Taliban and the Islamic State’s faction in Afghanistan and Pakistan, which calls itself the Khorasan Province. Raheemullah, a senior Taliban official, is believed to have been targeted by the Islamic State because of his work spreading propaganda against the extremist group. In written tracts and speeches, the sheikh has […]
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Early this year, when the realities of the COVID-19 pandemic were beginning to sink in, the governments and monetary authorities of the world’s largest economies were challenged to respond. To prevent the worst from occurring, economic rescue packages needed to meet three key criteria from the time-tested, crisis-fighting playbook: speed, size and sustainability. At the time, the policy responses could only be judged on the first two of those characteristics. On both counts, they scored quite well. Collectively, from the United States to Europe to Japan, policymakers’ efforts to address the economic fallout of the pandemic were impressive and historic […]
MEKELLE, Ethiopia—During the past two years, whenever Haileselassie, a wood trader in the Tigray region of northern Ethiopia, placed an order for supplies from the capital, Addis Ababa, he would lie awake at night, restless with worry. “I don’t sleep,” he told me in late October, sitting at the back of his shop in the central market of Mekelle, Tigray’s capital. “I don’t believe it will arrive safely.” By then, insecurity and lawlessness had spread in different parts of Ethiopia, and tensions between Tigray and Amhara, a larger region that neighbors Tigray to the south, had decidedly worsened. The roads, […]
The year 2020 may well mark the tipping point for the oil and gas industry. Amid a global pandemic that has slashed oil demand by some 8 million barrels per day, the governments of key countries—China, Japan, South Korea, South Africa and others—have announced that they aim to reach net-zero emissions by the middle of the century. After President-elect Joe Biden takes office in January, he will likely add the United States to the list, and when he does, net-zero targets will apply to more than three-fifths of global CO2 emissions. It seems that the world is about to double […]