Middle east current affairs

Thursday, January 07, 2016 - 15:37:44 (VOVworld) – In 2015, the world saw a record number of people fleeing their countries because of political instability, war, and poverty. Emergency meetings were convened and solutions were put forward, but all have been in vain. Leaders of EU countries have yet to offer a solution to the migrant crisis. Syrian migrants cross under a fence as they enter Hungary at the border with Serbia, near Roszke, August 27, 2015. (photo: Bernadett Szabo/Reuters) Migrants to the EU exceeded 1 million people in 2015, creating severe socio-economic problems and security threats as terrorists can mingle with the refugees. The UN estimates that one of every 122 peoplein the world is forced to leave his or her country of origin. An unprecedented wave of migrants has entered Europe which has led to the worst migration crisis since World War II. Fumbling with solutions The EU has been staggering by waves of migrants from the Middle East and north … [Read more...] about Seeking solutions to the migrant crisis Current Affairs

Tuesday, January 12, 2016 - 16:33:19 (VOVworld) – Instabilities in the Chinese securities market and escalating tension in the Middle East have affected the global stock market. Chinese stocks slumped 7 percent within 30 minutes last week triggering the second emergency market closure during the first week of 2016. The Shanghai and Shenzhen stock exchange had to stop their trading. Although the People’s Bank of China spent 20 billion USD to support the Yuan, China’s stock market continued its downfall, creating 2 automatic circuit breakers. It was the first time that China’s stock market applied the circuit breaker mechanism. China’s stock market plunge was attributed to the People’s Bank of China’s decision to reduce the exchange rate between the Yuan and the US dollar to its lowest level since April, 2011. It was also the biggest devaluation of the Yuan since a similar move that shocked the world market in August, 2015. Signs of … [Read more...] about Unstable global securities market Current Affairs

Sunday, December 06, 2015 - 16:34:20 (VOVworld) – The migrant crisis in the EU has had serious consequences on some member countries. The EU has considered a halt to the Schengen visa free travel agreement in two years to tighten security. The EU’s plan to halt the Schengen agreement shows that its security is under great pressure from the migration of about 1.2 million people to the EU this year. The EU has threatened Greece with indefinite suspension from the Schengen passport-free travel zone unless it overhauls its response to the migration crisis, as frustration mounted over Athens’ reluctance to accept outside support. The suspension can be applied not only to Greece but some other Schengen countries. Investigations show that at least 2 of the terrorists associated with the Paris attacks on November 13 entered the EU from Leros island of Greece as migrants. Some EU countries made unofficial proposals to narrow the Schengen Area, citing reasons that migrants … [Read more...] about EU considers halting Schengen visa free travel Current Affairs