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Turkish lira tumbles ahead of key decision on rate cuts, wages

As Turkey’s battered lira pushes to new lows against the dollar, all eyes turn to Thursday’s central bank meeting and critical talks on the minimum wage. Turks woke Monday to watch their currency plunge to 14 against the dollar early in the morning, then go past it to 14.62 until …

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Qatar’s presence in eastern Mediterranean benefits Egypt, Turkey

Qatar is enhancing its presence in the eastern Mediterranean that is rich in oil and gas reserves at a time when tensions are ripping through the region over the maritime borders and excavation rights. Qatar has strengthened its presence in the eastern Mediterranean, which is rich in oil and gas …

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Fatah wins small victory in Palestinian local elections

The slight victory of candidates supporting Fatah in the local council elections appear to have boosted the morale of the Palestinian leadership and opened the door for elections in major cities. Will the Hamas leadership agree to that in Gaza? Ever since his April 31 decision to scrap the legislative …

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Er lächelt’s einfach weg

Mark Rutte bleibt den Niederländern trotz Lügen und Skandalen erhalten. Egal, den Preis bezahlen ja die Bürger. Hinterher ist man halt schlauer. Hätten die niederländischen Wähler vorher gewusst, was nach der Wahl im März passieren würde, hätten sie Mark Rutte wohl nicht noch einmal das Vertrauen geschenkt. Denn der Dauerpremier …

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How Poland Blew Its Chance To Get Billions In EU Recovery Cash

The EU’s Justice Commissioner received “brutal” treatment last month in Warsaw, a member of his delegation said, during talks aimed at defusing a dispute over the independence of Poland’s judiciary that is blocking billions of euros in economic aid. In a carefully staged media appearance, Polish Justice Minister Zbigniew Ziobro …

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Why The Casual Attitude Toward Inflation?

The Federal Reserve and the Biden administration seem to have a very casual attitude toward inflation. When inflation started to draw some attention, the Federal Reserve’s official line was that it was transitory. In June, Federal Reserve Chairman Jerome Powell said it was temporary, and John Williams, President of the …

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Putin Laments Soviet Breakup As Demise Of ‘Historical Russia,’ Amid Ukraine Fears

Russian President Vladimir Putin has described the fall of the Soviet Union in 1991 as the demise of “historical Russia,” a comment that could fuel speculation about his foreign policy intentions amid a buildup of tens of thousands of Russian troops in regions bordering Ukraine. “It was the disintegration of …

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Playing Cat And Mouse: UAE Energy Company Agrees To Build Power Plants In Iran – Analysis

Increasingly, compliance with US sanctions against Iran could emerge as a litmus test of the United Arab Emirates’ close ties to the United States. At the sharp edge of a potential rift between the allies is a reportedly recently concluded agreement by a private UAE company to build gas-fired thermal, …

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US, Lithuania Sign Agreement To Further Military Interoperability

Secretary of Defense Lloyd J. Austin III welcomed Lithuanian Defense Minister Arvydas Anusauskas to the Pentagon for meetings and to sign a reciprocal defense procurement agreement that aims to strengthen deterrence in Europe. NATO ally Lithuania is one of the frontline states that borders Russia. Anusauskas told Austin that his …

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Rocznica stanu wojennego. W wykonaniu PiS to podła gala hipokryzji

Rację mieli Klaudia Jachira i Franciszek Sterczewski z KO oraz większość klubu Lewicy, że nie poparli w Sejmie uchwały na rocznicę stanu wojennego. Też bym za nią nie głosował i dziwi mnie wsparcie reszty opozycji. Nie chodzi tylko o to, że przygotowana przez PiS uchwała traktuje o „Solidarności” i walce …

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