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China to allocate $2 billion to help countries hit by coronavirus

China to allocate $2 billion to help countries hit by coronavirus

During the 73rd World Health Assembly, held under the auspices of the World Health Organization (WHO), Chinese President Xi Jinping pledged to provide financial aid for countries severely affected by the coronavirus.
15:05 2020-05-28 UTC+00
Erdogan to hardly save economy without external support

Erdogan to hardly save economy without external support

Turkey is unlikely to cope with the second wave of the recession without the IMF’s help. For several years, the country was trying to recover after the first recession and practically managed to do this. However, the government’s approach changed after the victory of Recep Erdogan in the last presidential elections. Just after the elections, the economic destruction became even more rapid.
15:00 2020-05-28 UTC+00
COVID-19 forces IOC to revise its rules

COVID-19 forces IOC to revise its rules

The coronavirus pandemic discouraged sports fans around the world as it canceled the world’s biggest multi-sports event. The Summer Olympic Games which were originally scheduled for this summer in Tokyo have been postponed tentatively until the next year. In this context, the host country is facing a tough reality.
09:45 2020-05-28 UTC+00
Trump sets precedent pursuing his own political course

Trump sets precedent pursuing his own political course

In his most prominent work "The Prince", Florentine philosopher Niccolo Machiavelli states that strong and non-conventional rulers are not always the best choice for the country. Such rulers are most likely to take their own political course that will exist as long as the odds are in their favor. However, nothing lasts and a meticulously built political system will crash eventually.
14:58 2020-05-27 UTC+00
Meat plants closure forces farmers to put hogs on diet

Meat plants closure forces farmers to put hogs on diet

Food banks are facing a stark reality due to the coronavirus pandemic. The shutdown of restaurants and shops has resulted in the almost complete suspension of pork supplies. Therefore, farmers are forced to put animals on a diet so that they grow more slowly and do not gain much weight.
14:52 2020-05-27 UTC+00
US dollar and euro hit 2-month low against ruble

US dollar and euro hit 2-month low against ruble

The Russian ruble is an extremely resilient currency. It managed to cope with the oil price war despite some losses. At the moment, oil prices are recovering and the Russian currency is rising as well. On the Moscow exchange, the US dollar is trading at the level of 72 rubles whereas the euro costs less than 79 rubles. The last time the ruble was trading at similar levels was in March.
10:44 2020-05-27 UTC+00
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