In 2015, a report from the McKinsey Global Institute found that up to $28 trillion could be added to global GDP by 2025 if women were allowed to achieve their full economic potential. Yet according to the World Economic Forum, there are more than 70 countries where women are not allowed to open bank accounts or obtain credit. The gender gap in financial account penetration tends to be widest in certain emerging markets, like South Asia, sub-Saharan Africa and parts of the Middle East. Even when financial services are available to them, women often face bias and discrimination at various [...]
In April 2018, Saudi Arabia’s crown prince and de facto ruler, Mohammed bin Salman, said in an interview with The Atlantic that Iran’s supreme leader, Ayatollah Ali Khamenei, “makes Hitler look good.” MBS, as the crown prince is widely known, also dismissed the possibility of any talks between the two regional rivals. Just three years later, MBS has changed his tune, saying in a recent television interview that he hopes to “build a good and positive relationship with Iran.” His remarks came amid reports that the two sides were in the early stages of negotiations to deescalate tensions, which both [...]
Voters in Germany will go to the polls in September for elections that will be unusually consequential for the country’s foreign and defense policy. Chancellor Angela Merkel is retiring after almost 16 years in the position, and three major parties recently announced their candidates to replace her. Much attention has focused on one of the candidates in particular: Annalena Baerbock of the Green party, which is surging in popularity and is likely to enter government as part of a coalition in the fall. This could allow the Greens to exercise influence over decision-making in Berlin. What would that mean for [...]
