Hanoi (VNA) – 2018 was a turbulent year in world events, full of ups and down. Below are the top 10 world events of 2018 selected by the Vietnam News Agency. A turning point in the Korean Peninsula peace process: Korean Peninsula affairs recorded a breakthrough change with several historical events taking place in 2018. Inter-Korean summits resumed after a gap of more than a decade, adopting the Panmunjom Declaration for Peace, Prosperity and Unification of the Korean Peninsula on April 27 and the Pyongyang Joint Declaration on September 20. In addition, the first-ever summit between the US and the Democratic People’s Republic of Korea was held in Singapore and issued a Joint Declaration on June 12. These events helped turn the situation from the edge of war to dialogue and détente, opening hope of a denuclearised, peaceful and prosperous peninsula. President of the Republic of Korea Moon Jae-in (L) and leader of Democratic People’s Republic of Korea Kim … [Read more...] about Top 10 world events of 2018
China trade protectionism
I continue to recommend re-reading Joseph Heller’s great novel Catch-22 for those of us who want to avoid being driven crazy by this Brexit farce. As we are told that the cabinet is operating on a “war footing” and that frantic preparations are made for the austerity and hardship that would follow no deal, my mind goes back to the shortages I witnessed as a small boy during and after the second world war. But they were not self-inflicted. The prospect of no deal is. In Catch‑22, Milo Minderbinder bombs his own men: “He had landed another contract with the Germans, this time to bomb his own outfit.” There is no getting away from it: this is a rightwing coup. I agree with Ferdinand Mount, once head of Margaret Thatcher’s policy unit at Downing Street in what now look like less disturbing times. Writing in the current London Review of Books, Mount sees echoes of Mussolini’s rise to power, in that “yes, [Johnson] has come to power by … [Read more...] about Brexit was becoming a farce. Now it is turning into a coup
Brazilian President Jair Bolsonaro said the BRICS summit in Brasilia this week was like a meeting of old friends. Indeed, the collected leaders do share a common gender and age group: The presidents of Brazil, Russia, India, China and South Africa are all over 60. But the leaders were hard pressed to find any more in common at their most recent meeting. Criticizing the US — but not too loudly The summit's final communique expressed agreement in fostering multilateralism, rejecting protectionism and increasing trade within the bloc. Each point was an indirect criticism of US President Donald Trump — but only indirect, as Brazil's right-wing president is a big Trump fan and the US is also a strategic trading partner for India. The situation illustrates the fact that conflicts of interest are increasing within the bloc at the same time as the importance of the economic collaboration between these fast-growing developing economies has begun to wane. Watch video 01:35 … [Read more...] about BRICS — Still an alternative power bloc?