According to a related set of figures compiled by the Bank for International Settlements (BIS) from 1995 to the end of 2007, offshore banks, on average, were receiving little more than 47% of total cross-border deposits and little more than 43% of all cross-border loans from other tax havens. Though these figures do not distinguish
© Photo Illustration: Shutterstock/CNN On March 22nd, the U.S. Trade Representative’s office released the U.S. Section 301 investigation report. Trump signed a trade memorandum to impose heavy tariffs on about 1,300 categories of Chinese goods, the total value of which is approximately 60 billion U.S. dollars. The memo also includes restrictions on Chinese companies from
In 2008, the world was experiencing the largest and most destructive financial crisis since the Great Depression. This financial crisis was triggered by the bursting of the housing market bubble in the United States which caused serious consequences both in the US and around the world. The aftermath of the financial crisis included the
Taking place each year on March 22nd, World Water Day is a unique opportunity for the international community to focus on the vital importance of water and to commit to taking collective action to ensure its conservation for future generations. This year marks the beginning of the United Nations’ (UN) “Decade of Action” for water.
Source: Fox News (http://www.foxnews.com/world/2018/03/17/latest-russia-says-30000-flea-besieged-east-ghouta.html) It has been around 8 years since the Syrian Civil War started. It has become a conflict of global proportions as global superpowers have been involved in the fighting. In fact, a report by the United Nations released a few weeks ago showed how both Russia and the United States committed
PHOTO: Mr Putin’s victory will extend his total time in office to nearly a quarter of a century. (AP: Pavel Golovkin) The Russian presidential election ended at 8 pm local time on March 18th. Among the 80 percent of the votes that have been counted, 76.1 percent are for President Putin’s. This win puts him
Photo Source: New York Times. Stephen Hawking passed away on March 14, 2018 at the age of 76. He was a physicist and best-selling author who did not allow his physical limitations to hinder his quest to answer some of the universe’s most pressing questions. In addition to having a brilliant mind, Hawking’s computer-generated
Source: CNN Money (http://money.cnn.com/2011/07/25/technology/solar-new-york/index.htm) This past week, the City of Tempe, in Arizona, has ruled to move toward using 100 percent renewable energy in its buildings and facilities. The City Council passed a measure highlighting the city’s commitment to become carbon neutral by 2050. This is the latest advance in the city’s tackling of climate
Photo：http://news.ifeng.com On March 8th, South Korean President Yu Yirong announced in Washington that Trump had accepted the request of Kim Jong-un to have a summit. President Trump also issued a tweet to confirm this statement, and state the summit will be held before May 2018. As soon as the news came out, it immediately raised
In South Korea, 14 percent of its 51 million people are expected to be 65 or older at the end of 2017, and this figure is expected to reach 40.1 percent by 2060. Unbelievably, 49.6 percent of the elderly in South Korea live in poverty, which is the highest among OECD countries. A survey conducted
Source: The Guardian (https://www.theguardian.com/commentisfree/2018/mar/08/disabled-people-metoo-womens-movement-inclusion-diversity). A year after “A Day Without a Woman,” which saw women across the United States boycotting paid and unpaid labor to highlight the impact of women on society, people around the world responded to the call for a global women’s strike on International Women’s Day (IWD). The IWD organizers cite the
Source: The Daily Star (http://www.dailystar.com.lb/News/Middle-East/2018/Mar-06/440460-russia-us-air-strikes-caused-mass-civilian-deaths-in-syria-un.ashx) The Syrian Civil War captured the attention of the international community, and by implication of the media, since its beginning in 2012. The first wave of attention on the war focused on its similarity to other movements in what became known as the “Arab Spring,” a group of socio-political movements
For more than 20 years, Turkey and Armenia have lived with closed borders and no diplomatic relations. The tension between the two countries exists on the ground of disagreements on the Armenian Genocide and the conflict in Nagorno-Karabakh. Since the normalization processes of 2008-2009 and Football Diplomacy failed, no comprehensive intervention has been designed to
Photo: GETTY IMAGES Last week, President Trump said he would impose a 25 percent tariff, or tax, on steel imports and a 10 percent tariff on aluminum, sparking a big sell-off in stocks. Trump announced the decision on the same day he met representatives of steel and aluminum enterprises in the White House. However, White
Maxim Marmur | AFP | Getty Images File photo shows Russian President Vladimir Putin (R) watching a launch,18 February 2004 at the Artic Cosmodrome in Plesetsk. Russian President Vladimir Putin delivered his 2018 State of the Union address to the Federal Assembly last Friday. The State of the Union address, which was also the 14th
© Cugianza84 | Dreamstime Stock Photos & Stock Free Images On February 25th, 2018, the Communist Party of China released a proposal that aims to revise China’s constitution. The proposal contains twenty-one articles, among which articles fourteen, five and twenty are the most important. First, article fourteen proposes to ease the restriction, which rules that the Chairman
This week, the Republic of Korea passed a law to reduce the standard work week in an effort to improve quality of life and boost employment. The bill, which cut the maximum weekly work hours from 68 to 52, will initially apply to large companies in July 2018, before it is rolled out to smaller
