On Saturday, after weeks of fighting in the outskirts of the city, Iraqi special forces took control of the central hospital in Fallujah and were clearing mines after driving the Islamic State group away, which was one of its last remaining strongholds in the west of Baghdad, according to army officials. Violent fighting took place in several parts of the city, where U.S. and Iraqi warplanes targeted several IS strategic positions. Militaries had slowly and cautiously progressed towards the hospital, out of fear that the IS militants would use patients as hostages. However, when they entered the facility, it was empty of patients. The Iraqi flag has now been raised over the building.The Iraqi troops now have control of the Dubbat neighborhood and are trying to get into the northern area of Golan as well as other smaller areas.
Read MoreAsian stocks finished trading day leading in terms of Nikkei index. Despite the fact, that the region entered the game on a positive note and maintained the ground, taking advice from the Wall Street, Asia went to regular losses due to global uncertainties over Brexit. Investors do not pay attention to the global uncertainties such as the oversupply and Brexit. Globally traded Brent futures with August delivery grown up to $47.70, which is 1.08% higher. Energy games were mixed in the region despite upward movement in oil prices.
Read MoreIn the past few days, members of the OAS (Organization of American States) have been discussing Venezuela’s situation. In particular, the decision by Luis Almagro’s - who is the Secretary-General of OAS - to invoke the Democratic Charter over the current political crisis in Venezuela was spoken about. The decision could have resulted in the country being suspended from OAS. Venezuelan Foreign Minister, Delcy Rodriguez, gave a speech which was considered to have had a substantial impact on the final decision in which most of the countries declared their support in taking further action to assess the legitimacy of Almagro’s action, for which 19 voted in favor, 12 voted against and 3 abstained.
Read MoreAccording to Engr. Khurram Dastgir Khan Pakistan’s Minister for Commerce, they aimed to develop mutual cooperation with Tajikistan, by signing transit and Preferential Trade Agreement between Pakistan and Tajikistan already in 2016. The following agreements could stimulate a comprehensive activity in terms of trade and investment between Pakistan and Central Asian states. Tajik trade authorities have been provided with the draft of the proposed Preferential Trade Agreement by Pakistan. The draft of the agreement will be discussed later on.
Read MoreOn Wednesday the 15th of June the President François Hollande's spokesman announced plans to ban demonstrations across the country. This action is intended to ensure the safety of residents and visitors in France."If the conditions are not fulfilled to protect private and public property, as they are not now, then decisions will be made of prohibiting the manifestations" - he added. France is currently hosting Euro 2016. There have been clashes several times on the streets of big cities. Most damages were caused by a demonstration against labor reforms in the streets of Paris on Tuesday. 40 people were injured, 44 were detained. Acts of vandalism committed by the protesters were met with disapproval, especially as a children hospital was attacked.
Read MoreChina and Israel have officially started discussions for a free trade agreement (FTA), what means the emerging bilateral relations between two economies. Both China and Israel gradually become more politically isolated because of their assertive (Read more about assertiveness) geopolitical behavior. The two contradictory economies made the first step to growing their economic and political ties closer together. “China’s aggression” in the South China Sea became an occasion to redraw political alliances and makes Pacific countries nervous. Such close cooperation between China and Israel causes critical reaction of Israel’s economic and political partners in Western Europe and the United States to Israel, which was their Middle Eastern ally for a long time.
Read MoreOn 15 June 2016, US President Barack Obama held a private meeting with the Dalai Lama, the leader of Tibet, at the White House. The meeting infuriated China. The spokesman of the Chinese Foreign Ministry condemned the meeting and said that it could send the wrong signal to the Tibetan separatist groups. In his opinion, the visit of Dalai Lama in Washington can harm mutual trust and cooperation between China and the United States. The spokesman Lu Kang said that "Tibetan affairs are part of China’s internal affairs and no foreign country has the right to interfere". China, in general, dispraises all meetings between foreign heads of state and the exiled Tibetan spiritual leader, whom they perceive as a separatist. Dalai Lama is accused of spreading anti-China mood internationally under the guise of religion.
Read MoreSoutheast Asian stocks are winning fans once more. Financial specialists forecast driving stock markets from Bangkok to Manila to the most abnormal amounts subsequent to the center of 2015 has space to run. In June, Philippine, Thai, Indonesian and Vietnamese shares have been pumped with a $596-million by foreign investors; thereby April's and May's declines were successfully neutralized.While new leaders, interest-rate cuts, and state spending are creating confidence closer to home, product costs rising and waning chances of a U.S. rate increment by July are giving an ideal worldwide background.
Read MoreSovereign wealth fund Qatar Investment Authority (QIA) has purchased a 43-floor office building in Singapore from American private company “BlackRock” for $2.45bn. According to BlackRock, Currently, this is the largest single tower realty deal in the Asia-Pacific region, moreover, it is the second largest deal globally. Initially, BlackRock put the tower up for sale with a price of about $2.9bn, which is more than transaction price at $450m. , but a year after the transaction was closed at $2.45bn. The office tower is located in Singapore’s Marina Bay business and financial district and bears the branding of its permanent lessee Citibank.
Read MorePresently, China is situated in a disadvantaged position because of its ponderable amount of Corporate Debt. According to data from International Monetary Fund (IMF), Chinese Corporate Debt composes about 145% of GDP, which is too much anyway. At the same time IMF reports that total Chinese debt is about 225% of GDP. Mathematically the situation looks like 225(total)=145(corporate)+40(governmental)+40(households). The equality above is a good tool to see graphically, that Corporate Debt is the biggest part of the whole Chinese debt.
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