The Federal Reserve has had another emergency meeting, the second within the last fortnight. On March 15, they cut the policy rate by 100 basis points and brought it to the zero-lower bound. In addition, they re-started large scale asset purchases which had ended in October 2014. They lowered the reserve requirements to support loan
An outbreak caused by the new coronavirus, COVID-19, started in China earlier this year. To date, more than 130.000 cases have been diagnosed worldwide. A total of 123 countries officially reported infections. This outbreak, which first started as an epidemic, was turned into a pandemic by the World Health Organization on March 11, 2020. What
Turkish tourism businesses, an industry that generated around $34.5 billion in 2019, have already lost hopes for an even better year due to the coronavirus outbreak, with the clerks at tour operators’ offices struggling to respond to calls for cancelations, not new bookings. Tourism Minister Mehmet Nuri Ersoy said at a joint meeting with his
In Turkey we like the “three monkeys” play. Especially our governments over the years have hidden so many truths from us… And we should take accountability as well, since we are also party to this deception. The coronavirus pandemic has been no exception. It may be plausible for some that the Turkish state is “protecting”
The Turkish Presidency has declared extraordinary measures against the coronavirus outbreak, shutting schools for a week starting from March 16, before starting a remote education process. “All sports events will be played without spectators until the end of April,” DuvarEnglish quoted presidential spokesperson İbrahim Kalın as saying after an emergency meeting on March 12. Please
Ali Babacan announced the establishment of the Democracy and Enterprise Party (DEVA) at the Bilkent Hotel conference room in Ankara on March 11. The initials of the party’s name also have a meaning in Turkish: a cure, a remedy). He made his entry into the Turkish political life 19 years ago in the very same
“[…] hell itself breathes out contagion to this world” Hamlet We are withstanding hard times that resemble Shakespeare’s description above. The new coronavirus has finally reached Turkey. The time that it will take to contain the virus will primarily depend on the effectiveness of the health services, accuracy of policy decisions and the prudence of
Now its officially in Turkey, too, after 114 countries in the World. Turkish Health Minister Fahrettin Koca said in early hours of March 11 that the first Turkish patient, a male, had been disinfected during a travel to Europe, not to China. Perhaps it will be too speculative to question a link between the year