The US dollar has been on a major surge against major global currencies in the past year, recently hitting levels not seen in 20 years. It has gained 15% against the British pound, 16% against the euro and 23% against the Japanese yen.
The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics – and economic policy uncertainty more specifically – affects the UK economy. The answer, of course, is that it does, and sometimes for as much as two years.
71 million people in the developing world have fallen into poverty in just three months as a direct consequence of global food and energy price surges. The impact on poverty rates is drastically faster than the shock of the COVID-19 pandemic.
Targeted cash transfers to households are more equitable and more cost-effective than blanket energy subsidies –but governments need support from the multilateral system to make ends meet.
Lattakia City Council signed a contract with the Russian company Sinara Int to invest in tourism, according to Hashtag Syria.
On Tuesday, the Lattakia City Council signed a contract with the Russian company Sinara Int to invest in the tourist site of Jules Jammal. This comes with the aim of praising a 4-star tourist complex with more than 300 hotel rooms.
Discussions are underway between representatives of the Syrian government and the SDF militias to stave off the aggression threatened by Turkish regime leader, Recep Tayyip Erdogan, to cut off Syrian territory. Sources said that results depend on the militias providing field and administrative concessions to the Syrian government in areas dominated and threatened by invasion.
An Israeli drone targeted a leader close to Lebanon’s Hezbollah in the town of Hader, according to al-Souria Net.
On Wednesday, an Israeli drone targeted a leader close to Lebanon’s Hezbollah in the town of Hader in the northern countryside of Quneitra, Israeli media reported.
The Syrian Islamic Council said it rejects the Iranian axis, but also normalization with Israel, according to Syria TV,
The Syrian Islamic Council issued a video statement read out by its spokesman Sheikh Moutee’ al-Bateen, explaining the leaked recording in which the (opposition) Grand Mufti of the Syrian Arab Republic, Sheikh Osama al-Rifai, appeared alongside Ismail Haniyeh, head of Hamas’ political bureau. The recording provoked anger among Syrians.
Ankara said there was “no need to hurry” a military operation in Northern Syria, according to Arab News.
Turkish President Recep Tayyip Erdogan said on Friday that Turkey is in no rush to stage a new military operation against armed Kurdish militants in Northern Syria.
The UN has rejected the plan by the Lebanese government, according to al-Souria Net.
Lebanese caretaker Minister of Displaced Persons, Issam Sharaf al-Din, said that Lebanon is determined to move forward with plans to repatriate Syrian refugees currently residing in Lebanon.
The delegation included a U.S. Senator and the Commander of the Global Coalition to Defeat ISIS, according to North Press.
A diplomatic source told North Press that a high-ranking U.S. delegation visited Tuesday the al-Sina’a prison in the city of Hassakeh and al-Hol Camp in northeast Syria.