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Turkish lira drops to near record lows after Central Bank trims policy rate

The move came following pressure from the Turkish president. Ceding to pressure from President Recep Tayyip Erdogan, Turkey’s central bank trimmed its policy rate by 100 basis points to 18% on Thursday, in an apparent bid to stimulate the economy in the midst of high inflation and mounting popular discontent …

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Chinese authorities say cryptocurrency-related businesses illegal, urge exit of cryptocurrency mining

The Chinese authorities said on Friday that all cryptocurrency-related businesses are illegal and they urge the exit of cryptocurrency mining projects, as the country doubles down efforts on virtual currency regulation to fend off financial risks and facilitate improvement of the industrial structure for reaching carbon peak and neutrality goals. …

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Chinese Official Calls For Upgrade to Nationwide Security Network

A top Chinese law enforcement official has called on police and local governments to step up their use of big data, artificial intelligence, and networked security cameras to stem potential social unrest in times of “growing uncertainty.” Chen Yixin, secretary general of the ruling Chinese Communist Party (CCP)’s political and …

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Clear Away The Hype: The US And Australia Signed A Nuclear Arms Deal, Simple As That – OpEd

On September 15, 2021, the heads of government of Australia, the United Kingdom and the United States announced the formation of AUKUS, “a new enhanced trilateral security partnership” between these three countries. Australia’s Prime Minister Scott Morrison and Britain’s Prime Minister Boris Johnson joined U.S. President Joe Biden to “preserve …

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China’s Power Producers Face Bankruptcy Threat – Analysis

China’s coal-fired power plants are facing the threat of bankruptcy as a result of government policies and soaring prices for coal, industry groups say. On Sept. 11, the South China Morning Post reported that companies in the power sector had petitioned authorities for increases in electricity rates to stem losses …

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Ralph Nader: Teach Youngsters About Corporatism’s Harms – OpEd

If you think elementary, middle, and high school students know too little history, geography, and government, try asking them about the corporations that command so many hours of their day, their attention, what they consume, and their personal horizons. Howard Zinn published A Young People’s History of the United States …

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Pakistan Nuclear Program For Peaceful Purposes – OpEd

Recently, Pakistan has showcased its achievements in the peaceful uses of nuclear technology at the International Atomic Energy Agency (IAEA) headquarters in Vienna. Pakistan presented its achievements in diverse fields such as power generation, health, agriculture, industry and environmental protection. Chairman of the Pakistan Atomic Energy Commission (PAEC) Muhammad Naeem …

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Tehrik-E-Taliban Pakistan And Its Relations With Afghan Taliban – Analysis

To understand the interesting relationship between the Tehrik-e-Taliban Pakistan (TTP), also known as Pakistani Taliban, and the Afghan Taliban, one must peep into history to see how the linkages developed and why the Afghan Taliban are not responding in equal measure to Pakistan’s repeated appeals to take conclusive action against …

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Saudi deputy defense minister and US envoy to Yemen discuss peace initiative

Saudi Arabia’s Deputy Defense Minister Prince Khalid bin Salman discussed the Kingdom’s peace initiative for Yemen with US envoy Tim Lenderking on Wednesday. During his visit to Riyadh, Lenderking also met with Saudi Minister of State for Foreign Affairs Adel Al-Jubeir and Yemeni Parliament Speaker Sultan Al-Barakani on Tuesday. Prince …

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The AP Interview: Don’t isolate the Taliban, Pakistan urges

Be realistic. Show patience. Engage. And above all, don’t isolate. Those are the pillars of an approach emerging in Pakistan to deal with the fledgling government that is suddenly running the country next door once again — Afghanistan’s resurgent, often-volatile Taliban. Pakistan’s government is proposing that the international community develop …

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