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turkish economy lira

Turkish Lira Hits Record Low, Days After Erdogan’s New Government Appointed

Ankara (MEE) – The Turkish lira hit a record low overnight Wednesday, dispelling hope that the currency’s instability would end after June’s snap election. It hit a low of 4.9767 lira to the US dollar in overnight trading with Asia after President Recep Tayyip Erdogan said on Wednesday that he expects interest rates to fall, despite persistently high inflation. […]

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China: Now Home to Nine of the World’s Largest Tech Firms

Beijing (teleSUR) – Just five years ago China had only two of the world’s biggest public tech firms. China is now home to nine of the world’s largest public tech companies in terms of market value. They include Alibaba, Tencent, Ant Financial, Baidu, Xiaomi, Didi Chuxing, JD.com, Meituan-Dianping, and Toutiao. With well over a billion citizens and an […]

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internet freedom

Expect Even Less Internet Freedom in 2018

Washington (SCF) – Users of social media have been increasingly reporting that their accounts have been either censored, blocked or suspended during the past year. Initially, some believed that the incidents might be technical in nature, with overloaded servers struggling to keep up with the large and growing number of accounts, but it eventually emerged that the interference […]

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gulf crisis

Gulf Crisis Creates Opportunity for Asian Nations

Doha (AMN) – The rift between the Gulf countries and Qatar has created a space for Asian countries to step in to engage with the small peninsular state. There’s a silver lining for Asian countries in the six-month-old crisis in the Gulf that pits a UAE-Saudi-led alliance against Qatar. That is as long as Saudi […]

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Hostile Posturing Towards Iran Proves U.S. Losing Grip on Power

Washington D.C. – Donald Trump will make a highly anticipated decision this month that could send shockwaves throughout all aspects of foreign policy, trade, and diplomatic relations. Many pundits expect Trump to entirely decertify the Joint Comprehensive Plan of Action (JCPOA) aka Iran Nuclear Deal and possibly even designate Iran’s Islamic Revolutionary Guard Corps as a foreign […]

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Morales Declares ‘Total Independence’ from World Bank and IMF

La Paz (TeleSUR) – Since 2006, a year after Morales came to power, social spending on health, education, and poverty programs has increased by over 45 percent. Bolivia’s President Evo Morales has been highlighting his government’s independence from international money lending organizations and their detrimental impact the nation. “A day like today in 1944 ended Bretton Woods Economic Conference (USA), in […]

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Why Trump’s Threat to Slap Tariffs on Foreign Steel is a Bad Idea

Washington (The Conversation) – During the 2016 presidential campaign, Donald Trump attracted a lot of support by promising to restore jobs to the American manufacturing sector. One sector that has been hit hard by purportedly unfair foreign competition is the U.S. steel industry. It supported as many as 650,000 American workers in the 1950s yet now employs only about 140,000. In order to […]

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president xi jinping

Trump’s Missteps Cause China and Germany to Forge Stronger Economic Ties

Berlin (GPA) – US President Donald Trump’s increasingly protectionist trade policy is paving the way for a “new phase” in global relations according to Chinese President Xi Jinping. This morning a meeting to place between President Xi and German Chancellor Angela Merkel at the opening of a garden in the Berlin Zoo. Despite the unique setting, the […]

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Germany: Protesters Demand G-20 Address Humanitarian, Environmental Concerns

Hamburg (TeleSUR) – Protests ensue combating social and environmental issues in Hamburg preceding G-20 meeting with world leaders. Activist groups lead thousands in protests in the German city of Hamburg preceding the July G-20 meeting to demand world leaders confront growing humanitarian and environmental issues. Almost 100,000 demonstrators are expected to march through the peaceful city of Hamburg […]

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tpp

TPP Nations Resume Trade Talks in Canada Without US

Ottawa (GPA) – Canada and Japan are looking to take the lead in the post-TPP world, while civic organizations warn against reviving the controversial trade pact. The 11 counties remaining in the Trans-Pacific Partnership after the U.S. pulled out of the deal began new talks Tuesday in Canada to define next steps, while civil society […]

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