And triggered panic among both tourists and locals. We ran out from our house twice two times. Everyone ran out because the quakes were very strong. And uneasy is no stranger to earth quakes its situated in whats known as the Pacific Ring Of Fire an arc of volcanoes and full lines in the Pacific Basin this is the second shot for long back in the space of a week the island still reeling after a deadly quake last sunday all runs government has announced major steps to ease Foreign Exchange transactions and allow rain ians to bring in hard currency and gold allow us to combat the expected effects of the new u. S. Sanctions due to start this week with an increasingly angry population and the economy just limping along this may all be too little too late. There for six days in a row now iranians have taken to the street in protest in cities across the country theyre angry about high prices and the government. Big issues irans politicians are leading the country into ruin but mismanagement a
Iran sanctions on iran more and more International Businesses of fleeing the country leaving the economy in freefall. Path and flying high keep your seat belts on it could be turbulence ahead the warning to investors from Cathay Pacific. I mean physical and thats the Business Global trade tensions of sparking central bank is into action rate cuts in a whole host of asian economies this wednesday the moves are also based on poor Economic Data the latest coming from europes economic powerhouse germany where Industrial Production fell back in june german industrial leaders say Companies Must price themselves. India cut its Benchmark Rate by 35 basis points a bit deeper than expected and it wasnt the only country surprising investors on wednesday Thailand Central Bank unexpectedly lowered rates for the 1st time in 4 years and new zealand cut by 50 basis points to its lowest level ever one percent
new zealand is a Major Trading partner of china where purchases have slowed and a trade war wi
But is the country ready for it. And it has all of its to business hong kongs worst political crisis in decades is also causing economic upheaval later carolan says the city is on the brink of recession as it enters its 5th month of program ocracy protests tourist numbers have dropped and Retail Businesses hurt as theyve been forced to shutter their doors during rallies. After 5 months of prodemocracy protests some people in hong kong are tired of the demonstrations and blocked roads the city states divided community is on edge many were looking to carry lamb speech and shoes there to see whether she would years of the protesters demands she issued a warning things you. Need all that there is a large likelihood that for the year 2019 we will see a full year recession that means we will reach 0 to one percent growth so this situation is highly serious in addition as i have stated in the Policy Address the
Hong Kong Government will closely monitor the development of the economy and take
mismanagement have paralyzed the country banks schools and many businesses are closed but so far there s no sign of the government giving any ground to the protesters. u.s. sanctions against iran means some rain ians can t get their hands on vital medicines as according to a report by human rights watch despite a tricky situation many iranian companies continue to do business with other countries it means they need to be very creative. this construction site is located an hour s drive from the arabian capital tehran it will one day house a factory that produces medical implants it s the brainchild of underpin or mari i like yari the idea came to him before the united states reimposed economic sanctions against iran the move is complicated business ties with other countries too including germany. from one years ago up to know. the
it changes the value in our minds my money is now so devalued that i don t see it as worth much. as inflation continues to soar and many of rain ians are struggling to afford basics like food and medicine unemployment too especially among young people is on the rise. as i can see not only chairman and not all european companies have left the country and yet. are not all have lost interest in market though they try to stick to this market but it has become much more complicated and much more costly especially with regard to that and financial transfers are the hardest part of a. of