When President Daniel Ortega granted a Chinese telecommunications executive exclusive rights to develop a $40 billion canal through Nicaragua and operate it for 100 years, his administration touted the CEO's record of success heading a wireless communications firm with projects in 20 countries. Wang Jing's company, Xinwei, boasted that it had orchestrated an array of deals worth more than $5 billion over the last three years, in places as far-flung as Zimbabwe and Ukraine.

As an American military strike looms over Syria, Iran is weighing its decades-long alliance with Syria against its own pledges to reengage with the US and the West over its nuclear program and other issues. Tehran's combative rhetoric may appear to have changed little: Supreme Leader Ayatollah Ali Khamenei likened a Syria strike to a spark to gunpowder, “whose dimensions and consequences are unknown.” And Revolutionary Guard commander Mohammad Ali Jafari has predicted Syria could become America’s “second Vietnam.”

The Philippines and Japan’s charm offensives towards China appear to have failed as Beijing seeks to isolate both powers within the region. In recent weeks both the Philippines and Japan have made a number of overtures to China aimed at mending strained bilateral ties. Just this week, for instance, the chief of staff of the Philippine military, Emmanuel Bautista, pledged that his country would continue its no-confrontation doctrine in the South China Sea, while also saying that it would consider allowing Chinese naval ships to use the Subic port.

When the economic history of the decade is written someday, there very well may be a chapter about the spring and summer of 2013, when money that had been pouring into emerging market countries shifted the other way. Recently, the economies of emerging markets are looking dismal with both currencies plummeting in value against the dollar.

In Istanbul’s religiously conservative Fatih neighborhood, the four-fingered yellow Rabia signs supporting Egypt’s pro-Morsi protest movement are ubiquitous, as residents unabashedly identify with the Muslim Brotherhood’s struggle against Egypt’s armed forces. But there is no sign of support for the impending Western military conflict with Syria. Given the devastating loss of life experienced by Syria’s Muslims, the silence punctuates increasingly mixed feelings in this country about an intervention that Ankara has long advocated.

Just because you should do something doesn't mean you ought to. That might sum up one way of thinking about whether the United States should bomb Syria in response to the horrific chemical weapons attack presumably launched by regime forces against civilians earlier this month.

The Syrian conflict is reaching critical mass. Reports of chemical weapons use by the Syrian government is forcing regional and global leaders, including the United States, to act. The UK parliament just gave an emphatic no to Prime Minister David Cameron's proposal for military intervention. Lines of varying color have been drawn and naval ships are on standby. Oh, and Russia is being Russia. So what are President Obama's options?

Turkey celebrated Victory Day on Friday, marking the 91st anniversary of the Turkish victory at the Battle of Dumlupınar, the final battle of the 1922 Turkish War of Independence. The day was celebrated in all 81 Turkish provinces, as well as in the Turkish Republic of Northern Cyprus (KKTC) and at Turkish embassies around the world. The celebrations began with an official ceremony in the Turkish capital, attended by top political leaders and military commanders.