World & Politics
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....
U.N. hopes for productive continuation of China-U.S. relations - 09/20/2022
After Biden's remarks on Taiwan, the UN voiced optimism for the future of China-US relations. In response to a question concerning recent comments made by US President Joe Biden about "safeguarding" Taiwan, UN Secretary General's spokesman Stephane Dujarric said at a briefing that the UN hopes China and US relations will continue to be fruitful. In a previous interview with CBS television,...
Suez Canal to make $700M more profit annually because of fee hikes - 09/19/2022
Due to a 15% rise in transit fees beginning in 2023, the Suez Canal will see an increase in income of nearly $700 million per year, said the Suez Canal Authority's Osama Rabie said. After transit prices increase, we anticipate revenue growth of $700 million yearly, Mr. Rabie stated in an interview with CNBC Arabia (quoted by Reuters). From January 2023, the cost of traveling through the Suez...
Fitch downgrades global economic growth forecast 2022 - 09/15/2022
According to a press statement from Fitch Ratings, the global GDP growth forecast for the current year has been lowered from 2.9% to 2.4%. The forecast for the upcoming year was likewise reduced by 1 basis point to 1.7%. "The economic outlook is being significantly impacted by the European gas crisis, high inflation, and a fast acceleration of global monetary tightening. Since publishing its...
WHO chief: End of coronavirus pandemic is near - 09/15/2022
Tedros Adhanom Ghebreyesus, the director general of the World Health Organization (WHO), stated at a news conference that the coronavirus pandemic is almost over. "The number of weekly reports of COVID-19 deaths dropped last week to its lowest level since March 2020. Never before have we had a better chance to put a stop to a pandemic, though the end is not yet in sight," he said. In...
Reuters: U.S.A is considering sanctions against China - 09/14/2022
The United States is evaluating alternatives for a package of sanctions against China over the possibility of an invasion of Taiwan, reports Reuters citing sources. According to a U.S. source and a Taiwanese official, Washington is currently considering ideas for a potential sanctions package against China. The goal is to prevent China from attempting to invade Taiwan. After Russia initiated...
New head of the UN General Assembly supports reforms in UN - 09/13/2022
Csaba Kőrösi, the president of the 77th session of the General Assembly of the United Nations, which begins on September 13, has advocated for overhauling the organization. Kőrösi discussed the need for the UN, including the General Assembly, to undergo reform and change. He also emphasized the importance of building confidence in order to develop cooperation. The head of the UNGA declared,...
Mexico is encouraged to take part in US investment projects - 09/13/2022
Mexico is encouraged to take part in investment projects run by the United States to make chips and electric vehicles. After conversations with President Andres Manuel Lopez Obrador with U.S. officials, the head of Mexican diplomacy Marcelo Ebrard said that Mexico has been asked to participate in investment initiatives in the manufacture of semiconductors and electric vehicles. After talks...
