The Strategist
World & Politics

UN: 22 million people in Ethiopia, Kenya and Somalia are on the brink of starvation - 08/22/2022

According to the UN World Food Program (WFP), some 22 million people in the Horn of Africa (Ethiopia, Kenya, and Somalia) are in danger of becoming hungry as a result of the drought. In Ethiopia, Kenya, and Somalia, the number of people experiencing severe food shortages has climbed by nine million since the year 2022 began, according to the statement, and "therefore 22 million individuals face...

Israel and Turkey restore diplomatic relations - 08/19/2022

Israel and Turkey have decided to formally reestablish their diplomatic ties and send their ambassadors, who were called back. Then, the nations' positions on the situation in the Gaza Strip diverged: Israel was referred to as a "terrorist state" by Ankara, and Tel Aviv accused Turkey of aiding Hamas. Israel and Turkey have decided to fully reestablish their diplomatic ties and to allow their...

Bloomberg: Risk of recession in Eurozone grows to its highest since November 2020 - 08/18/2022

According to the experts surveyed by Bloomberg, the likelihood that the eurozone economy will experience a recession has increased from 45% to 60%. This level is the peak since November 2020. Germany's economy is forecasted to enter a period of stagnation as soon as this quarter, making it the country that would suffer the most. The survey expects that in 2022, inflation in the euro zone will be...

Ukraine receives €200M in preferential loan from Italy - 08/17/2022

The €200 million loan has no interest and will be used by Ukraine to pay teacher wages, the Ukrainian Finance Ministry announced on its website on Wednesday. "The Italian Republic granted Ukraine a €200 million concessional loan on August 15, 2022. The loan agreement stipulates that the money will be made available at no interest for a period of 15 years (taking into account the favorable period...

Fitch and S&P consider Ukraine's debt restructuring as default - 08/15/2022

Fitch Ratings and S&P Global Ratings, two influential international rating organizations, have reduced Ukraine's foreign currency ratings to "RD" (restricted default) and "SD," respectively. Fitch Ratings claims that the country could complete a distressed debt exchange and delay making payments on its external public debt until 2024. In turn, S&P lowered Ukraine's foreign currency rating...

Kim Jong-un declares victory over coronavirus in North Korea - 08/11/2022

Kim Jong-un, the leader of North Korea, declared that the DPRK has defeated COVID-19. Since July 29, there have been no more coronavirus cases in North Korea. At a meeting on anti-epidemic measures, he "solemnly hailed victory in an extraordinarily emergency anti-epidemic battle to exterminate the novel coronavirus," reports Yonhap News of South Korea. In late April, DPRK authorities announced...

Japanese government resigns in full - 08/10/2022

The resignation of the whole Japanese cabinet was reported by Kyodo. The entire Japanese government has resigned, according to Kyodo News Agency. The new reshuffle of the administration under Prime Minister Fumio Kishida is anticipated to be made public soon, the agency says. The reorganization was originally scheduled for early September, but Prime Minister Kishida chose to carry it now in...

Survey: Largest eurozone countries are pessimistic about inflation - 08/05/2022

ECB: Residents of the biggest eurozone nations anticipate more unemployment and inflation in 2022. Residents of numerous eurozone nations, including Germany, France, Italy, and Spain, anticipate higher inflation and unemployment during the coming year. This is indicated in the European Central Bank’s report (ECB). Consumers now anticipate more inflation over the next 12 months compared to...

Iran: We will stick to JCPOA if USA guarantees us economic benefits - 08/04/2022

Majid Takht-Ravanchi, Iran's permanent representative to the UN, indicated during the NPT Review Conference that Iran will resume full compliance with its JCPOA obligations once it obtains assurances from the United States of the financial rewards of doing so. "Iran has been in good faith talks with the other parties for restarting full implementation of the agreement since April 2021. Because...

Saudi Arabia's economy shows record quarterly growth since 2011 - 08/01/2022

The second quarter saw Saudi Arabia's economy expand by 11.8 percent, the quickest rate in 11 years. The war in Ukraine and higher oil prices were the main drivers of growth. According to the Saudi General Statistics Office, the country's economy expanded by 11.8 percent in the second quarter, which is a record rate since 2011. Preliminary estimates from analysts show that the oil industry...
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