In the 21st century, we bear witness to the ascent of the Creative Economy and Crypto Economy as potent forces, sculpting the contours of our economic terrain. The Creative Industries market presently commands a valuation of USD 2.7 trillion, with projections pointing to a climb to USD 3.4 trillion by 2031. Simultaneously, the aggregate market capitalization of cryptocurrencies has surged to an impressive $1.66 trillion by the culmination of 2023.

August 31: Mikhail Gorbachev, who ended the Cold War without bloodshed but failed to prevent the collapse of the Soviet Union, died on Tuesday at the age of 91, hospital officials in Moscow said.

Perils of communist state

February 4, 2020 12:14 pm

Almost 32 years after the first communist state of the Soviet Union was declared in 1917 and right before the birth of the Communist State in China in October 1949, Nepal’s first communist party was declared in September 1949.  Thereafter, multiple communist parties have been born and their meandering paths and their divergent ideological stands have triggered an ever more complex iteration.

Russia and Middle East

December 4, 2019 11:29 am

TEL AVIV – The collapse of the Soviet Union three decades ago meant that its once-formidable presence in the Middle East collapsed as well. Today, however, as the United States has withdrawn from the region, Russia has rushed to recapture the Soviet Union’s position there, through a combination of military force, arms deals, strategic partnerships, and the deployment of soft power. But its success is being significantly overestimated.

Will democracy die last?

August 25, 2019 01:05 am

PARIS – In the late 1970s and early 1980s, prominent international relations experts such as the late French political philosopher Pierre Hassner argued that the world was witnessing a process of competitive decay between the United States and the Soviet Union. For the latter, the conflict in Afghanistan was about to become an even costlier failure than the Vietnam war had been for America. By 1989, the verdict was clear: The Soviet Union had atrophied much faster than the US, and its empire collapsed, the victim of its own errors and contradictions.

WASHINGTON DC, Sept 2: Plans for a nuclear war devised by the US Army in the 1960s considered decimating the Soviet Union and China by destroying their industrial potential and wiping out the bulk of their populations, newly declassified documents show.