World & Politics
Musk offers his vision for resolving Ukraine conflict - 10/04/2022
American businessman Elon Musk submitted his plan for resolving the conflict in Ukraine, which included keeping Crimea as a part of Russia and holding multiple referendums in the Donbass, Kherson, and Zaporozhye areas under UN supervision. "This is definitely going to be what happens in the end. Just how many people will pass away before then remains to be seen," he tweeted. Musk asked users to...
Pentagon chief: Ukraine's accession to NATO should be decided by all allied states - 10/03/2022
The head of the U.S. Department of Defense, Lloyd Austin, offered his opinion on Ukraine's request for rapid NATO membership. He stated that the choice is up to the alliance's 30 members. At a joint press conference in Hawaii with his Australian counterpart Richard Marles, Mr. Austin stated, "We are committed to maintaining NATO's 'open door' policy, but how that happens is really an issue that...
People's Bank of China calls currency market stabilization its top priority - 09/29/2022
According to Reuters, the People's Bank of China reiterated a previous claim that the yuan has a strong basis to maintain stability, and stated that stabilizing the currency market is its top goal. The central bank's remarks came after the yuan dropped to its lowest level since the 2008 global financial crisis. While claiming that the currency market was largely operating in an orderly manner,...
Bank of England to unveil new banknotes with Charles III by the end of the year - 09/28/2022
By the end of 2022, the Bank of England will reveal images of sterling banknotes bearing the image of Britain's next King Charles III. The bank stated that the notes are anticipated to enter circulation in 2024. Earlier in September the Guardian newspaper reported that it might take at least two years to replace banknotes that feature the late British Queen Elizabeth II. "By the end of this...
WTO head: The world is sinking into global recession - 09/28/2022
Ngozi Okonjo-Iweala, the director general of the World Trade Organization (WTO), stated at the WTO public forum that the world economy is entering a worldwide recession. "A recession is approaching... We're heading into a global recession, in my opinion," Director General of the organization warned. "We must begin to consider rehabilitation and the restoration of growth. This is crucial,...
IAEA head announces resumption of dialogue with Iran - 09/27/2022
IAEA director Rafael Grossi reported meeting with Iran's atomic energy organization chief Mohammad Eslami and announced resumption of talks on guarantees for a number of Iranian sites. IAEA chief Grossi stated previously during the June Board of Governors session that Iran had not yet provided the organization with an explanation about the provenance of uranium at three unreported facilities and...
Venezuela and Colombia open borders - 09/27/2022
The state border between Venezuela and Colombia is opened again three years after diplomatic contacts were broken, with Colombian President Gustavo Petro attending the ceremony. "Done! May the news of the border opening bring wealth to Colombia, Venezuela, and the entire America," the politician commented. In his remarks, Petro stated his certainty that the opening of the border will foster...
UK may relax visa requirements for foreign workers - 09/26/2022
In an effort to draw in foreign labor, the UK may cut visa rules. The Financial Times reports that Liz Truss intends to increase the range of occupations eligible for the simplified application process for work visas and may reportedly loosen the English proficiency standards for foreign specialists. According to the Financial Times, British Prime Minister Liz Truss wants to change the country's...
World leaders oppose food and fertilizer export bans - 09/21/2022
Participants in the meeting on global food security made the decision to forgo arbitrary export restrictions on food and fertilizer. The leaders of Spain, the United States, Germany, Colombia, Indonesia, and Nigeria, as well as the leaders of the African and European Unions, attended the summit on September 20th, reads a communiqué published on the website of the European Council. According to...
Argentina and IMF tentatively agree on new borrowings - 09/20/2022
According to a message by the IMF, the Argentinean government and IMF representatives have achieved a preliminary agreement to provide the country with a new tranche of financial aid totaling $3.9 billion in Special Drawing Rights (SDR). The second review under Argentina's 30-month extended funding term has been agreed upon at the level of the Argentine authorities, according to the statement....
