We are in one big global mess. On Aug. 11, an unexpected 1.9 percent devaluation of the yuan fueled fears about the outlook of the Chinese economy, setting off falls in commodity prices and emerging market (EM) currencies and equities over an extended period.
There is hope for Indonesia's environment, at least according to the president's special envoy on climate change, Rachmat Witoelar, who revealed this week the government's bid to set a higher national emissions reduction target ahead of the U.N. climate change conference in Paris at the end of the year.
The overnight rally planned by electoral reforms activist group Bersih to begin this afternoon in Kuala Lumpur will undoubtedly see tens of thousands descending on the streets of the capital, in what has become a protest against Prime Minister Najib Razak.
In the early 2000s, Korean tourists to Turkey saw a foreign exchange rate of 1 million won to about 1.3 billion lira.
The reverberations of mainland China's economic jolt are being felt worldwide from New York, to London, Frankfurt and Tokyo. It's the fear of a slowdown in the once supercharged Chinese economy, which has sent China's Shanghai Index market into a tailspin down over 20 percent in two weeks. The economic knock-on effect has been sobering since China, as the world's second-largest economy, has been a driver of global growth and commerce.
On Aug. 11, the People's Bank of China set the trading range of the yuan about 1.9 percent lower against the U.S. dollar, allowing the currency to float at a more market-driven level against the greenback. In the week ended Aug. 15, the yuan depreciated by nearly 4 percent.
"The United States is behind the increase in divorce rates in Pakistan."
Thailand is bidding to become a plastic-bag-free nation. As part of an agreement between traders and the government, on the 15th of each month, shoppers will not be given any plastic bags at supermarkets, convenience stores or large malls. The aim to encourage them to bring their own reusable bags.
The Straits Times reported last week that Singapore Airlines (SIA) may shut its flying school, the Singapore Flying College in Seletar, as part of an overall review of its pilot training program.
Although the rare cross-border talks brought the two Koreas away from the brink of an armed clash Tuesday, concerns persist over whether the development would effectively end what South Korea terms the "vicious cycle" of North Korean provocations.