Posted on July 26, 2015
After long years of conflicts, Iran and the international community struck a deal to curb Iran’s nuclear programme. The UN can now send inspectors to the facilities, which was as a matter of fact, the reason a few years back for the animosity between the United States and the Islamic republic. In exchange, Iran asked for economic isolation and international sanctions relief. And the West is gradually lifting the sanctions.
Posted on July 20, 2015
The Greek Parliament has ratified with an overwhelming majority the austerity measures required by the international creditors in exchange for the third bailout package that is €85-billion. This means Greece has to face even stricter austerity measures than the ones voted down 2 weeks earlier at the referendum.
Posted on July 12, 2015
Alwaleed bin Talal made a surprising announcement; he decided to give away his entire fortune, i.e. $32-billion to charity in order to stop famine and poverty. But don’t worry, he won’t go penniless.
Posted on July 05, 2015
The everlasting acts of this Greek drama slowly trapped the decision makers, the Tsipras government practically hit the wall financially and economically speaking and showed a series of actions that put the country in real trouble. All the austerity measures and difficulties that Greece recently had to suffer was in vain; the GDP growth and primary budget surplus both went to waste in 6 months by populist promises and increasing uncertainty.
Posted on June 24, 2015
China’s stock market has just gone through a difficult time. On the one hand, central bank eased monetary politics and tried to stimulate the economy, on the other hand, serious measures were taken to help the stock market trading. Since the 2008 crisis, this is the first time that the Shanghai Composite Index hit 5000 points, and indices might still go higher.