The U.K. left the Exchange Rate Mechanism twenty-five years ago. In fact, it was twenty-five years ago to the day on Saturday just gone. September 16th, 1992, a day that should have split the U.K. Conservative party in two and would have done had it had a decisive leader.
British voters, in a bitterly unprecedented referendum, chose to leave the European Union (EU) on June 23, 2016. Brexit is a shorthand way of saying the United Kingdom is leaving the EU - merging the words Britain and exit to get Brexit.
Brazil’s economy is witnessing one of the fastest reversals of fortune in the emerging world. Political uncertainty and endless corruption investigations are the main reasons behind the country’s economic turmoil. Has the Brazilian economy reached the bottom, or will it continue to fall even further? The country’s best chances of slowing its recession are still one year away. The recent deep cuts proposed by the Brazilian interim government suggest worrying signs for the future.
The United States' strategy has been to isolate Russia internationally. Evidently, it is Washington that is becoming more isolated on the global stage. This week in the run-up to the G20 summit in Germany, the reverse in fortunes could not be more glaring.
The recent attacks in France, Belgium, Syria and Turkey earlier this year followed by the devastating mass shooting recorded in Orlando sent shockwaves around the world. Besides, conflicts in the Middle East and heightened tensions in the South China Sea have helped push global defence spending to a record high.
2017 could turn out to be a huge year for Russia. The significant involvement in Syria means that the country is back on the map, as a major force to reckon with. As it stands, the Kremlin is still concerned about the economic recovery. In addition, Donald Trump’s presidency adds a whole new dimension to the situation, and one has to wait and see the future relationship between Russia and the US. Commodity prices and the new geopolitical landscape are likely to swing in Russia’s favour.
Singapore is one of the best places to be born in and to live in.