The slump of the Turkish Lira by 15% on Tuesday against the US dollar left Turks struggling to keep up with the depreciation of the currency leaving the country in a state of darkest “catastrophe”. The Lira’s meltdown on Tuesday,… Read More ›
economy
Fully vaccinated international travelers can visit New Zealand from April 30
On Wednesday, in a statement New Zealand said, it will continue to keep its borders closed to most international travellers for five more months. New Zealand’s geographic isolation, along with some of the strictest pandemic rules among OECD nations, has… Read More ›
Vietnam eases restrictions on fully vaccinated foreign tourists, eyes full reopening of the industry from June 2022
Vietnam has allowed the entry of foreign tourist into the country with two hundred vaccinated foreign tourists arriving in its beach-fringed island of Phu Quoc. The arrival marks the first wave of international tourists to the country in nearly two… Read More ›
Debt saddled Chinese property sector unlikely to trigger global shockwave: BOJ governor Haruhiko Kuroda
On Monday, in a statement Bank of Japan Governor Haruhiko Kuroda said, woes revolving around China’s property sector are unlikely to trigger a global shock since the country was not saddled with huge external debt. “We don’t expect China’s property… Read More ›
COVID-19’s Delta variant slammed breaks on US third quarter growth
During the third quarter, it is likely that the U.S. economy grew at its slowest pace in more than a year with the Delta variant of COVID-19 acting as a drag against the economy. The US Commerce Department’s advance gross… Read More ›
Japan’s economic security revolves around strategic autonomy and indispensability
On Saturday, a top party official from the Japanese government said, Tokyo’s economic security strategy will revolve around the two pillars of “strategic autonomy and indispensability”. The comments come at a time when Japan is facing an increasingly belligerent China…. Read More ›
Lebanon’s central bank under forensic audit: Lebanese President Michel Aoun
On Thursday, in a tweet, Lebanese President Michel Aoun said, Alvarez & Marsal has begun a forensic audit of the Lebanon’s central bank. The tweet indicates a fresh thrust for Lebanon in its efforts to secure foreign aid midst a… Read More ›
British foreign minister Liz Truss to pursue trade deal with Gulf countries in her visit to Saudi Arabia and Qatar
British foreign minister Liz Truss will be travelling to Qatar and Saudi Arabia this week to pursue a potential trade deal with Gulf countries as well as to deepen diplomatic ties. During her visit, Truss will meet her Saudi counterpart… Read More ›
Poland to provide $380M in subsidies midst hike in energy prices
On Friday, in a statement Polish Climate Minister said, Poland will provide an additional $380 million (1.5 billion zlotys) subsidies to consumers following a hike in energy prices. Benchmark European gas prices have risen sharply following tightening of gas supplies… Read More ›
Britain eases COVID-19 testing rules from low risk countries
In a statement the British government said, starting from October 24, fully vaccinated passengers arriving in the country from low-risk countries will no longer have to take COVID-19 tests. In September, the government had simplified rules for international travel to… Read More ›
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