Author: Sidika Ayaz

The Czechs have never forgotten that allies handed over their Sudetenland Province to Hitler in 1938 after the German dictator promised it would be “last territorial demand I have to make in Europe.” The Czechs have never forgotten that allies handed over their Sudetenland Province to Hitler in 1938 after the German dictator promised it would be “the last territorial demand I have to make in Europe.” Months later, Nazis occupied their country and waged war in Europe and around the world for seven more years, killing tens of millions. To many today, Ukraine is the next Sudetenland as it…

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London (10/03 – 77.78)Up-and-down relations between Iran and Tajikistan in the past decade shot up again after Iranian President Ebrahim Raisi’s official visit to Dushanbe on November 8-9, his second trip to the Tajik capital in 18 months. Raisi’s visit to Tajikistan was symbolically important amid a rapprochement between the countries that overshadowed the relatively standard batch of bilateral agreements that were signed. During the trip, Raisi and his Tajik counterpart, Emomali Rahmon, announced a historic visa-free travel agreement for their citizens and deals in trade, transportation, and culture, among others. High-ranking visits have become a regular occurrence between the…

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A Pole, a German, a Frenchmen, and a Swiss meet in a bar, or was it a Swiss, a French, a German, and a Slovak, I forgot. However, what otherwise sounded like the beginning of a quirky joke was in fact an informal luncheon by some of the brightest analysts of the European Union in early December last year. Nationalities aside, the topic of the lunch was, of course, the Ukraine. The basic question was simple, Are We at War? Will Russia win? What’s the consequence for Europe if Russia wins? What is the European Union willingness to defend the…

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PA President’s son Tareq Abbas also holds positions in other ventures incorporated by offshore company. Leaked documents from Panama-based law firm Mossack Fonseca reveal Tareq Abbas, son of Palestinian Authority President Mahmoud Abbas, holds shares worth nearly $1 million in an offshore company with ties to the Palestinian Authority. The documents, leaked as part of the massive ‘Panama Papers’ scandal, show that a company called the Arab Palestinian Investment Company (APIC) was registered in September 1994 in the British Virgin Islands. Since then, the company’s economic portfolio has grown substantially, and is active in virtually every Palestinian economic sphere, including…

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This year’s increase in tourism demand in popular destinations such as Greece, Spain and Turkey occurred amid hyperinflationary conditions, with both airfares and hotel prices rising sharply. The war in Israel is another factor ahead of the 2024 season to redirect bookings to Greece and Spain, who retain the advantage of safety as destinations to boost bookings until the start of the upcoming season. Already, the messages are positive, but more is needed to draw safe estimates. For its part, Turkey will bet next year on the availability of tourist packages at lower prices. Egypt will resort to the same…

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Copenhagen (13/11 – 37.5) When Ranil Wickremesinghe took over as Sri Lanka’s president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years. Since then, President Wickremesinghe has managed to a keep a lid on mass protests, improve supplies of essentials and on Monday, secured a nearly $3 billion bailout from the International Monetary Fund (IMF) that opens the door to restructuring about $58 billion of debt and receive funding from other lenders. He has done that despite a deeply unpopular government, his own party commanding just one…

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London (07/11 – 70) President Ranil Wickremesinghe, at the helm of the United National Party (UNP), has orchestrated a remarkable turnaround for Sri Lanka’s tumultuous economy, tackling persistent challenges with a steadfast determination that has garnered widespread support across the national and international communities. Upon assuming office, Wickremesinghe confronted an array of pressing issues, including severe electricity shortage resulting in daily power cuts, soaring inflation, an all time low foreign reserve value and scarcities in essential commodities such as fuel and milk powder. Swift and strategic actions within his first six months in power yielded tangible results, with the electricity…

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London (05/11 – 44.44) Benjamin Wey, a Chinese-American financier, founder of Fintech Holdings and a history of legal trouble, is suing Sri Lanka for $250 million. Wey claims that he was assured by Sri Lanka’s central bank governor that the country would repay a $250 million bond. However, Sri Lanka defaulted on the bond in April 2022. Wey is seeking to collect the full amount of the bond, plus interest. He has filed a lawsuit in the US District Court for the Southern District of New York. The lawsuit is a major setback for Sri Lanka, which is already facing a severe…

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ATHENS, Nov 14 (Reuters) – Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, investments and European Union funds but growth will slow to 2% next year, the International Monetary Fund said on Tuesday. The Fund’s 2023 estimate is higher than that of the Greek government, which puts growth this year at 2.3%. The IMF, one of Greece’s official lenders during its debt crisis which erupted in late 2009, said that economic activity had been strong in the first half of the year. “High frequency data suggests that overall economic momentum remained robust in…

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Greece will steadfastly continue to assist in the de-escalation of the crisis in the Middle East in every possible way, as a reliable interlocutor of all parties, Foreign Minister George Gerapetritis said during a meeting with the ambassadors of Arab countries in Athens, diplomatic sources said on Friday. “This is made possible by the strategic relationship it has built with Israel but also by its traditionally close ties with the Arab world,” added Gerapetritis, according to the same sources. The Minister of Foreign Affairs, responding to the request of the ambassadors in Athens of Egypt, Saudi Arabia, Kuwait, the United…

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