Six charts that show how hard US sanctions have hit Iran

posted in: Middle East, News

The value of Iran’s currency hit record lows as a result of the US sanctions – AFP The United States reinstated economic sanctions on Iran after President Donald Trump abandoned a landmark nuclear deal in May 2018. Mr. Trump says … Read More

Europe’s East Faces Economic Threat From Falling Populations

The Church of Our Lady before Tyn, right, stands among residential and commercial property on the city skyline in Prague, Czech Republic, on Thursday, Jan. 4, 2017. The Czech Republic posted its biggest ever budget surplus last year after the … Read More

Gold is making a comeback to the world financial system

posted in: News, World News

LAST year, 22 central banks, situated largely to the east of Germany, bought the largest amount of gold since 1967 – the year that the London Gold Pool collapsed. The gold repatriations by many European countries of the last few … Read More

Christine Lagarde among those to take top EU jobs after marathon summit

Christine Lagarde has been proposed for the presidency of the European Central Bank ( AFP/Getty Images ) European Union leaders have agreed on who should next fill the bloc’s top positions following a marathon summit. European Council President Donald Tusk announced … Read More

EU heads back Germany’s von der Leyen to be new Commission president

The European Union’s leaders have thrown their weight behind German Defence Minister Ursula von der Leyen to become the new president of the European Commission, a development that came after a marathon of contentious talks that saw Europe’s political heavyweights abandon the … Read More

Central America Encourages Migrants to Leave—And Then Rakes in U.S. Dollars

The three Northern Triangle nations have done little to provide for the poor. Central American refugees ride a cargo truck in Mexico. Photographer: Alejandro Cegarra/Bloomberg Honduras, Guatemala and El Salvador are, by all accounts, countries ravaged by gang violence, drug trafficking and … Read More

Asian markets sluggish before crunch trade talks

posted in: Far East, News

HONG KONG: Asian stocks saw gains on Monday (Feb 11) as US and Chinese officials in Beijing geared up for crunch trade talks aimed at averting fresh tariff escalations. Mainland Chinese markets reopened higher after the Lunar New Year break … Read More

ANALYSIS: Why King Abdullah II Nixed Parts of Jordan-Israel Peace Deal

posted in: Israel, News

On Sunday, King Abdullah II dropped a bombshell when he announced that Jordan would not renew parts of the 24-year-old peace agreement with Israel. In a first statement the King said he had informed Israel “that we are putting an end … Read More

Turkey’s Currency Crisis: What Happened, What’s Next, Why It Matters

posted in: European Union, News

Turkey’s political and economic crisis has sent its currency tumbling to a record low against the U.S. dollar Friday and unsettled investors amid fears that the contagion may spread from the small southern European economy into financial markets around the world. So … Read More

Analysis: Iran protests show danger of economic woes

posted in: Middle East, News

FILE – In this Dec. 30, 2017 photo made by an individual not employed by the Associated Press and obtained by the AP outside Iran, a university student attends a protest inside Tehran University while a smoke grenade is thrown … Read More

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