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Al Mayadeen's correspondent: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Risk of economic wars 'very high' amid disintegrating 'world order'

  • By Al Mayadeen English
  • Source: Agencies
  • 17 Jan 2023 17:26
2 Min Read

According to German Minister Robert Habeck, if other nations across the globe choose to walk the same path as China and Russia did, then chances to solve the world's problems will be impossible. 

  • x
  • Vehicles move down Altamont Pass Road with wind turbines in the background in Livermore, Calif., Aug. 10, 2022 (AP Photo/Godofredo A. Vásquez, File)
    Vehicles move down Altamont Pass Road with wind turbines in the background in Livermore, Calif., Aug. 10, 2022 (AP Photo/Godofredo A. Vásquez, File)

German Economy Minister Robert Habeck said on Tuesday that the risk of economic wars currently stands at dangerous levels as what he calls the 'world order' is currently disintegrating more and more rapidly. 

"The risk [of economic wars] is very high. And this is one of the meaningful challenges of Davos. We see that some countries have chosen isolation and violent confrontation," Habeck told reporters on the sidelines of the World Economic Forum in Davos.

Besides making mention of Russia and China's "very aggressive policy", Habeck said that the real question will be how other countries will respond to these challenges, noting that if other nations across the globe choose to walk the same path, then chances to solve the world's problems will be impossible. 

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"The global world that we once believed existed, and which was connected with the idea of founding the once neoliberal think tank in Davos, is increasingly disintegrating into private and power interests," Habeck added.

'I see a decoupling and this is threatening.' Robert Habeck (@BMWK) sounds the alarm on economic decoupling around the world. #wef23 pic.twitter.com/hyeX4alddA

— World Economic Forum (@wef) January 17, 2023

At the 53rd annual meeting of the World Economic Forum in Davos, Switzerland, several issues to be discussed are on the agenda, some of which include global inflation, investments in emerging technologies, and geopolitical risks for the global economy. 

For the second year in a row, Russia was not invited to participate in the summit due to the situation in Ukraine.

Read more: $250 billion trade turnover with China to be reached soon: Kremlin

  • Germany
  • Robert Habeck

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