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China and India face the biggest dependency on external energy supplies among the world’s rising powers. Having outgrown their domestic energy sources both countries are looking abroad to meet their growing power needs. 1,169 more words

China

The Ultimate Luxury Good

By Taylor Marvin

Last month, Peter Dörrie took a fascinating look in War is Boring at the weapons shopping spree going on in Africa. Across the continent, a number of countries are spending heightened oil revenue on new, high-profile military acquisitions — for uncertain goals. 985 more words

Military

India Eases Bank Norms for Direct Rough Diamond Imports

The Reserve Bank of India (RBI), India’s central bank, has now allowed the country’s diamond industry to directly import rough diamonds from anywhere in the world. 139 more words

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