crisis
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Business
Indonesia: The Epicenter of the Economic Crisis
By Eddy Suprapto Contributor AsiaN. The process of economic recovery in Indonesia due to COVID-19 will clearly face a new chapter that is facing an economic crisis. Gross Domestic Product growth is only 1.8%, inflation is at 2.7% and unemployment rate rose from 8% to reach 10%. Indonesian National Budgeting…
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East Asia
Rohingya crisis goes beyond condemning the military: Myanmar scholars
Ongoing media coverage of the plight of Rohingya Muslim refugees from Myanmar (also known as Burma) has been heavy in condemning Myanmar military forces for allegedly attempting ethnic cleansing and forcing hundreds of thousands of them to flee across the border into Bangladesh. This resulted in the United Nations Human…
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East Asia
Turkey lira crisis
On August 13, ‘Turkish Lira’ and ‘Turkey’ were ranked as number one and two respectively in the real-time query of the leading portal in Korea, Naver. Two questions are to be asked in this situation. The first one is why did the Turkish Lira suddenly collapse? The other question is…
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Central Asia
The simplest way to solve the Afghan problem
In recent years, the most talked-about problems have been connected to Afghanistan; the most problematic point of the Earth, that is to say, because of international terrorism, and the production and trading of drugs. Moreover, many decisions have been made regarding such issues, the culmination of which was, “Operation Enduring…
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Central Asia
Turkish President Apologizes For Shooting Down Russian Warplane
Turkish President Recep Erdogan has apologized for the downing of a Russian Su-24 bomber in November last year, the Kremlin said in a statement Monday. According to the statement, President Vladimir Putin received a letter from Erdogan in which the Turkish president expressed his willingness to improve relations between the…
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Central Asia
Turkey wants to normalize relations with Russia
Turkey stands for normalization of relations with Russia, Vural Altay, the Turkish Foreign Ministry’s representative for Eastern Europe, told Trend agency on May 17. He told the current crisis between the two countries is in favor of neither Russia nor Turkey. “Turkey has not closed diplomatic channels in order to restore…
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Business
Roundup: Wall Street unimpressed by Spain bailout
NEW YORK, June 11 (Xinhua) — U.S. stocks retreated on Monday and closed at session lows following a short rally as enthusiasm about the Spanish bank aid package faded. When the market closed, the Dow Jones industrial average fell 142.97 points, or 1.14 percent, to 12,411.23. The Standard & Poor’…
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Education
Spain’s Deepening Economic Crisis
A protester carries a mock pair of scissors with the words ‘Cuts for politicians and bankers’ during a demonstration against education cuts in Madrid Tuesday May 22, 2012. Teachers and students from every level of Spain’s education system went on strike Tuesday to protest wide-ranging government spending cuts. The impact…
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