WORLD- Page 6

Amid ongoing efforts to create a SWIFT alternative, the BRICS alliance is developing its payment system. This system will play a crucial role in the bloc’s trade, enabling transactions without relying on the US dollar. Now 159 countries poised to adopt BRICS…

The German government has proposed a plan that could allow German Police to raid homes over sharing non-mainstream content online and on social media. According to reports from Der Spiegel and RND, the German Federal Criminal Police Office (BKA) may soon have…

It seems the worst has been averted despite a fire in the cooling system of the Zaporizhzhya nuclear power plant, caused by another Ukrainian artillery strike. Fortunately, no serious damage or radiation leakage has been recorded. The Russian Zaporizhzhya nuclear power plant…

The mayor of Nagasaki, not only dismissed the invitation of the ambassador of Israel but invited the ambassador of Palestine instead. The well-known professional democrats from the G7 and EU threatened him and in the end decided that they would abstain from…

A powerful earthquake struck off Japan’s southern coast on Thursday, causing minor injuries and prompting concerns about future major quakes, particularly from the Nankai Trough. The quake, which registered a magnitude of 7.1, was centered in waters off the eastern coast of…

Hamas announced on Tuesday night that Yahya Sinwar is the new leader of the Islamist movement, following the assassination of Ismail Haniyeh in Tehran on July 31. Earlier today, the Saudi news television network Al Arabiya reported that Mohammad Ismail Darwish had…

Kamala Harris, the Democratic presidential nominee, has selected Tim Walz as her vice-presidential running mate, a decision that surprised some observers. At 60, Walz has held various roles as a former teacher, coach, and military veteran before eventually entering politics. According to…

The Middle East appears ready to explode as the war atmosphere intensifies just hours after the U.S. declared that Tehran might attack Israel within the next 24 hours. All eyes are on Iran and the anticipated retaliation against Israel, with the main…

The answer to this question is the Yen carry trade, a term you’ll probably hear many times this week. So what exactly is the Yen carry trade and why did it cause a market downturn? It all started after the Bank of…

Japan’s Nikkei is down 12%, the largest point ever, as fears of a US recession shook global markets. The Topix index erased its yearly gains, experiencing its steepest sell-off since “Black Monday” in October 1987. In Europe, the Stoxx Europe 600 dropped…

President Joe Biden pushed through his sale of F-16s and upgrade kits to Turkey on the logic that the deal was necessary to get Turkey’s President Recep Tayyip Erdogan to drop his objection to Sweden and Finland’s NATO membership. Many in Congress…