Diplomacy & Dollars The recent embrace between Turkiye (renamed at the UN) and Saudi Arabia culminated in a deposit of $ 5 billion by the Saudi Development Fund with the Central Bank of Turkiye whose net foreign exchange reserves had slumped to less then $ 20 billion this year .No conditions appear to have been
UN Peacekeepers Remain Silent Observers In the year 1995 Bosnian Serb forces faced no resistance from U.N. Peacekeepers when it overran towns in their presence .Whether complicit or on account of sheer indifference the UN Peacekeepers looked on as silent spectators when Bosnian Serbs conducted a planned and premeditated operation and raped , executed and
Chopard Jewels in Brazil Credit Times of Malta The Kingdom of Saudi Arabia gifted a diamond necklace, earrings and a watch to Michelle the spouse and First Lady of the Brazilian President Jair Bolsonaro during an official visit to the Kingdom. The jewels are certified by Chopard with an estimated market value at around three
Globally Governments Subsidise Diesel Governments across the world incurred almost € 900 billion in fossil fuel subsidies last year which is almost twice the expenditure suffered in the year 2021 Subsidies on Gasoline for Indian Conglomerates India's Union Budget for the financial year 2023-24 will permit subsidies to state owned Indian oil corporate retailers namely
Ajay Banga nominated to the Top Slot of the WB The Indian diaspora is gleefully congratulating itself for the nomination by the President of the United States of America of Ajay Banga once the top executive of MasterCard, a digital or cashless plastic payment mechanism, to lead the World Bank . It is being repeated
Air India has placed the largest commercial and consolidated order for a record 470 jets from Airbus and Boeing . The contract value would be nearing $ 100 billion . The prime beneficiaries are engine maker CFM International, a joint venture between General Electric and France's Safran for the 210 Airbus narrow body jets The
Bold Talk Credit Al Jazeera The International Monetary Fund (IMF) Managing Director Kristalina Georgieva has rendered sagacious advice , seemingly unsolicited, to Pakistan : protect the poor impose taxes on the wealthy function as a country dont get into a dangerous place & restructure debt those making good money, public or private sector, to contribute
Corruption in Central Asia The Organized Crime and Corruption Reporting Project (OCCRP) has taken up the cudgels against organized corruption and corrupt practices. The Central Asian Republic of Kyrgyzstan figures prominently in the OCCRP investigations. Kyrgyzstan was foremost in launching anti graft campaigns and ensuring transparency in procurement and award of contracts where states resources
IMF and Foreign Debt Sri Lanka entered into negotiations with the International Monetary Fund (IMF) as it was unable to repay around $ 7 billion in foreign debt due in the year 2022. The country’s total foreign debt exceeds $ 51 billion of which $ 28 billion has to be repaid by the year 2027.
Canadian Mining company accused It has been highlighted by the Organised Crime and Corruption Reporting Project (OCCRP) that Panamanian mining professionals , numbering almost 200,000, have embarked upon a crusade to prevent open-pit mining by a subsidiary of a Canadian-listed company on the counts of having breached more than 200 environmental regulations ,damaging historical and
