Chaos in Ecuador as protesters ransack govt buildings, clash with police as military restricts movement throughout country

posted in: News, World News

©  Reuters / Ivan Alvarado Ecuador’s President Lenin Moreno has declared a curfew and sent in troops to force protesters off the streets of the capital Quito. He also agreed to assess the cancellation of fuel subsidies that had triggered … Read More

Venezuela hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage

posted in: News, World News

Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More

Preparing Asia for the next financial crisis

posted in: Far East, News

The continued challenges of a changing economic environment are not new to the ASEAN+3 region, which consists of the 10 ASEAN members plus China (including Hong Kong), Japan and Korea. The region has weathered several external shocks in the past … Read More

Jordan protests snowball over IMF-backed austerity

posted in: Middle East, News

Members of the Jordanian gendarmerie and security forces stand on alert as protesters shout slogans and raise a national flag during a demonstration outside the Prime Minister’s office in the capital Amman late on June 2, 2018  Khalil MAZRAAWI (AFP) Angry … Read More