Turkey ruled on Thursday that property sales, rental contracts and leasing transactions must be made in lira from now on, halting the use of foreign currencies for such deals in a fresh step to support the ailing local currency. All business deals inside the country should be conducted in lira, President Tayyip Erdogan said, adding that nobody apart from exporters and importers should cross paths with foreign currency.1 comment
Venezuelan President Nicolas Maduro is travelling to China to discuss economic agreements, as the crisis-struck OPEC nation seeks to convince its key Asian financier to disburse fresh loans.Add your comment!
The State Department announced last week that it would temporarily recall U.S. ambassadors to the Dominican Republic, El Salvador and Panama for consultations in Washington. The meetings will focus on recent decisions by Latin American countries to no longer recognize Taiwan and ways the U.S. can support strong. independent, democratic institutions and economies throughout Central America and the Caribbean1 comment
Stocks in Europe reversed earlier gains by Thursday's close to finish lower, as investors digested fresh news out of the central banking sphere. The pan-European STOXX 600 closed down 0.15%, with the majority of sectors falling into negative territory. The U.K.'s FTSE 100 slipped 0.43% by the close, while France's CAC 40 ended a touch lower, off 0.08%, and Germany's DAX rose 0.19%.Add your comment!
Tempers flared at the International Whaling Commission (IWC) on Thursday as it voted to back a Brazilian proposal which would safeguard whales in perpetuity, after a bitter debate. The biennial meeting of the 89-nation body passed the host country's “Florianopolis Declaration” which sees whaling as no longer being a necessary economic activity.Add your comment!
Bank of England governor Mark Carney has delivered a “chilling” warning to Theresa May’s cabinet that a no-deal Brexit could lead to economic chaos, including a property crash that could see house prices fall by a third.Add your comment!
Amazon founder and chief executive Jeff Bezos has said he is giving US$2 billion to start a fund that will open pre-schools in low-income neighborhoods and give money to non-profit groups which help homeless families.Add your comment!
The International Agency for Research on Cancer (IARC) released on Wednesday the latest estimates on the global burden of cancer. The GLOBOCAN 2018 database, accessible online as part of the IARC Global Cancer Observatory, provides estimates of incidence and mortality in 185 countries for 36 types of cancer and for all cancer sites combined. An analysis of these results, published today in CA: A Cancer Journal for Clinicians, highlights the large geographical diversity in cancer occurrence and the variations in the magnitude and profile of the disease between and within world regions.Add your comment!
British Prime Minister Theresa May seems to have overcome an internal escalation from her own Conservatives to have her removed, but her supporters are confident she is safe in the leadership, for now. Ms May is under pressure over the so-called Chequers proposal, which her opponents say binds the United Kingdom too tightly to European Union rules and regulations following Brexit.Add your comment!
President Vladimir Putin said on Wednesday Russia had found the two men accused by British prosecutors of trying to murder ex- Russian spy Sergei Skripal and his daughter Yulia in Britain, but that there was nothing criminal about them.Add your comment!