Economy

Professor of climate law and policy at the University of Eastern Finland

13 Jan 2022 5 2

Ahmed-Waleed Kakar

Inserted 2 years ago

“The main challenges for women are those reflected across the country at large - the financial and economic. Most Afghans live in rural areas where people depend on agriculture rather than formal employment to make a living. But now, they are struggling to get by and there's a massive surge in food insecurity. Women who were in the public sector, alongside the men, are receiving salaries irregularly, if at all.”

Independent Afghan analyst

12 Jan 2022 9 2

Eloom Bibi

Inserted 2 years ago

“Charity from people helped me a lot. But now, there's nothing [coming in] and I understand why. People are jobless. There are thousands of widows in this country who used to work. Now that the Taliban has taken over the country, all women have been made to stay home. What can a woman do to support her family? Things were better before. My kids were going to school - girls and boys. We used to receive donations, and women were free.”

Widowed mother of six from Shemol village on the outskirts of Jalalabad

12 Jan 2022 6 2

Kateryna Bornukova

Inserted 2 years ago

“The sanctions on potash are limited in scope to only about 20 percent of Belarusian potash exports, and many EU countries like Belgium want to see even those sanctions lifted. Those EU countries importing Belarusian potash (although in small amounts compared to world volumes where Belarus is among the largest players) are not ready to see even minimal profitability losses as they are forced to buy from more expensive suppliers.”

Research fellow at the Belarusian Economic Research and Outreach Center

10 Jan 2022 2 4

Pavel Slunkin

Inserted 2 years ago

“I don't believe we will see any stronger economic sanctions, unless Lukashenka steps over certain red lines. We are seeing now that countries like Italy, Hungary, Austria, and Belgium oppose tougher economic sanctions because it will hurt them. Lukashenka was lucky in the sense that Belarus was able to sell goods that in the past few years he was unable to sell and at much higher prices.”

Policy analyst at the Brussels-based European Council on Foreign Relations

10 Jan 2022 7 3

Atilla Yesilada

Inserted 2 years ago

“We live with inflation in Turkey. The biggest components of what we spend money on are food, rent, and transportation, and these are the kind of prices the average consumer faces on a daily or monthly basis. So if you are lying to them, it's very obvious. It undermines trust in Erdogan and the AKP. Turkish public's perceptions of inflation can also drive prices higher. If people think inflation is close to 100 percent, anyone who has any bargaining ability, say in paying salaries or wages, or the prices they charge, pretends inflation is 100 percent. So going forward, that is a disastrous situation.”

Investment analyst with Global Source Partners

07 Jan 2022 5 2

Eric Huang

Inserted 2 years ago

“Taiwan will use the fund to invest in the areas of semiconductors, lasers, biotechnologies and research in Lithuania. It will also send a team to assess Lithuania's aspirations to develop a semiconductor industry. An even larger fund for investments backed by Taiwan's central bank is in the works. Taiwan is committed to accelerate the process for Lithuania as Lithuania faces such unprecedented economic coercion in international trade history.”

Head of the Taiwanese Representative Office in Lithuania

06 Jan 2022 9 2

Peteris Strautins

Inserted 2 years ago

“Knowing what is imported from Belarus in general, they are mainly goods whose prices have risen very, very rapidly during 2021. They are timber, fertilizer, and fuels. Even if, in terms of physical volume, imports remained unchanged, the amounts could indeed be much higher last year, in terms of money.”

Economist at the Luminor Latvija bank

05 Jan 2022 4 3

Vladimir Putin

Inserted 2 years ago

“This new additional route will certainly help stabilize prices on the European markets. It would undoubtedly affect prices on the spot market, and consumers in the countries that use the Russian gas will immediately feel it.”

President of Russia

29 Dec 2021 4 3

Mustafa Alrawi

Inserted 2 years ago

“Besides surging Covid-19 cases, another concern to mitigate any optimism has been rising prices for everything including fuel and food. Inflation could dampen growth if it doesn't abate as soon as many predict it will. These are known risks at least. If the sunnier assessments prove accurate, we should shrug them off by the middle of next year. Given what we have been through over the past two years it would be understandable if the natural response of decision makers would be to remain cautious or even pessimistic. Instead, we could in fact experience outsized economic expansion in 2022 and beyond - far better than what we had before the pandemic and representing a return to levels of growth we saw before the financial crisis.”

Thenationalnews

Assistant editor in chief at The National

29 Dec 2021 5 2

Pongsakorn Tongtaveenan

Inserted 2 years ago

“Chinese miners got rid of their machines and the price collapsed by 30 percent. Bitcoin is the gold of the digital world. But a mining rig is like gold mining stocks: you're paid dividends according to the gold price.”

Thai entrepreneur

29 Dec 2021 6 3

Omer Taspinar

Inserted 2 years ago

“Erdogan is already following election politics by raising citizens' purchasing power. To stop the bleeding, he practically indexed the value of bank accounts in domestic currency to the dollar. These are all aimed at creating positive momentum before he calls early elections.”

Turkey expert at Brookings and professor at National Defense University

29 Dec 2021 5 3

Mehmet Ali Kulat

Inserted 2 years ago

“The decisions have ... given the impression that the AK Party and Erdogan are excellent managers of the economy. For Erdogan, a 'last minute' success story emerges before every election. We see that this process will be presented as a political leader who beat the dollar and disrupted the game of foreign powers.”

Chairman of MAK Consulting

29 Dec 2021 6 3

Ryan Hass

Inserted 2 years ago

“Commodity dependent exporters will be hit hardest by China's shift, and countries with greater diversification will be able to weather the shift with relatively less impact. Resource-rich African states could feel the effects most sharply.”

Brookings scholar on China and Asia

29 Dec 2021 3 3

Michael Pettis

Inserted 2 years ago

“It will have pretty substantial external implications. And those might play out for years to come. China has the world's highest number of billionaires but some 600 million citizens survive on an annual per capita income barely above $1,600. A rebalance by China is almost certain to lead to slower growth rates during the transition.”

Senior Fellow at the Carnegie-Tsinghua Center and a professor of finance at Peking University

29 Dec 2021 3 3

Simon Spurrell

Inserted 2 years ago

“It turns out our greatest competitor on the planet is the UK government because every time they do a fantastic deal, they kick us out of that market - starting with the Brexit deal. The post-Brexit EU trade deal as the biggest disaster that any government has ever negotiated in the history of trade negotiations.”

Co-founder of the Cheshire Cheese Company

27 Dec 2021 5 3

Jawaid Afsar

Inserted 2 years ago

“Heading into 2022 we will still COVID uncertainties but the good news is that according to the WHO we may be see the end of the pandemic towards the end of year. Next year markets would also have to contend with other issues, ranging from inflationary pressures to policy tightening and geopolitical risks.”

CFD Sales at Securequity

27 Dec 2021 6 2

Andrzej Duda

Inserted 2 years ago

“If the law came into force it could violate a treaty signed with the United States on economic and trade relations. One of the arguments considered during the analyses of this law was the issue of an international agreement that was concluded in 1990... this treaty speaks about the protection of investments. There is a clause which says that media-related investments may be excluded, but it concerns future investments.”

President of Poland

27 Dec 2021 6 3

Shehzad Qazi

Inserted 2 years ago

“The regulatory crackdowns are part of a broader paradigm shift that has taken place in how Beijing is approaching its economic policy and management. This includes acknowledging that China's old debt-fueled, investment-heavy growth model has run out of road. The new paradigm prioritises national security concerns, especially as far as data is concerned, and brings increased attention to socioeconomic trends, such as inequality that can cause instability and threaten the Party's control.”

Managing director of China Beige Book International

26 Dec 2021 8 2

Kyle Jaros

Inserted 2 years ago

“This has meant cutting people such as Alibaba's Jack Ma down to size, forcing the private sector to demonstrate obeisance - as with Tencent's Pony Ma and Xiaomi's Lei Jun - and demonstrating that the party-state has the right to set both technical standards and moral parameters for business activity.”

Associate professor of global affairs at the University of Notre Dame

26 Dec 2021 7 2

Trey McArver

Inserted 2 years ago

“For companies, this means that their job is no longer to make money, but instead to contribute to societal goods. Where companies are not seen doing that, they will face swift regulatory action.”

Analyst at Trivium China

26 Dec 2021 4 2

Peter Smith

Inserted 2 years ago

“New York is a great city. But Miami was an easy choice for us. It's the gateway to Latin America. It's on the East Coast time zone. And more importantly, it's probably the most excited city in the world about crypto right now.”

Npr

Co-founder and CEO of Blockchain.com

26 Dec 2021 4 3

Hui Ka Yan

Inserted 2 years ago

“With the company [Evergrande] resuming construction work at full steam, the group plans to deliver 115 projects in December. With five days left this month, we must go all out to ensure we meet the goal of delivering 39,000 units this month.”

Chairman of Evergrande

26 Dec 2021 3 2

Douglas McWilliams

Inserted 2 years ago

“The important issue for the 2020s is how the world economies cope with inflation, which has now reached 6.8% in the U.S. We hope that a relatively modest adjustment to the tiller will bring the non-transitory elements under control. If not, then the world will need to brace itself for a recession in 2023 or 2024.”

Deputy chairman of the British consultancy Cebr

25 Dec 2021 4 3

Toby Helm

Inserted 2 years ago

“What is clear is that, initially at least, Brexit is making us poorer. It has contributed to labour shortages in many business sectors as EU workers have returned home. There are grievances that run deep in specific sectors that were promised much and got almost nothing. Fishermen feel betrayed. Farmers are uncertain that a replacement subsidy and payments regime will be all it is being cracked up to be. Small businesses which export to the EU have been hit by extra costs and paperwork.”

Observer's Political Editor

25 Dec 2021 5 2

Joël Reland

Inserted 2 years ago

“The main message is that the UK has been talking a big game on divergence. Frost has spoken repeatedly about the long dark years of EU membership and the need for change to free up growth and innovation but it has just not been followed through. If you look at the most significant policy changes in the budget or the net zero strategy there is very little that could not have been done inside the EU. In agriculture, city regulation, and areas such as green taxation and fintech, new ideas and progress on divergence are evident but in big areas such VAT little or nothing has happened. There is no joined up thinking on divergence strategy across government. The reason is that while replacing all EU regulation sounds neat, in practice it is complex and costly for business. I think the UK is finding that it is really difficult to develop and there is more bureaucracy rather than less once you try to change everything. The cost of getting all UK companies stamped with a UK mark rather than an EU mark … it is not worth the cost.”

Researcher at the independent thinktank UK in a Changing Europe

25 Dec 2021 (approx) 9 3

Win Thin

Inserted 2 years ago

“We suspect positioning and stealth intervention will continue to dominate the price action. Even if the lira stabilizes, there are still strong inflationary impulses in the economy that will continue to erode the value of any local currency holdings.”

Global Head of Currency Strategy at Brown Brothers Harriman

24 Dec 2021 3 3

Lijian Zhao

Inserted 2 years ago

“The measure maliciously denigrates the human rights situation in China's Xinjiang in disregard of facts and truth. It seriously violates international law and basic norms governing international relations and grossly interferes in China's internal affairs. China deplores and firmly rejects this.”

Spokesman for the Chinese foreign ministry

24 Dec 2021 6 3

António Guterres

Inserted 2 years ago

“As far as I understand what has happened in Lebanon is that Lebanon was using something similar to a Ponzi scheme… which means that together with corruption and other, probably, forms of stealing, the financial system has collapsed.”

Secretary-general of the United Nations

23 Dec 2021 (approx) 3 2

AK Prabhakar

Inserted 2 years ago

“Omicron was the only fear for markets. Once they know it is not severe, market recovery is likely possible because corporate earnings are going to be very good with crude and commodity prices cooling off. Margin expansion is likely. This correction was an opportunity to buy. The fears of a third wave of COVID-19 have mellowed down, which is positive for markets.”

Head of research at IDBI Capital

23 Dec 2021 2 3

Robert McCaw

Inserted 2 years ago

“The Chinese government is conducting a brutal campaign of genocide against Uyghur Muslims and other Turkic ethnic minority groups in the Uyghur region. By signing the Uyghur Forced Labor Prevention Act, President Biden has provided our government with a powerful tool to ensure that no American corporation is able profit from Uyghur slave labor and thereby contribute to China's genocide.”

Council on American-Islamic Relations's government affairs director

23 Dec 2021 7 2

Liu Pengyu

Inserted 2 years ago

“This is a severe violation of international law and norms of international relations, and a gross interference in China's internal affairs. China strongly condemns and firmly rejects it. China would respond further in light of the development of the situation.”

Spokesperson of Chinese Embassy in the U.S.

23 Dec 2021 2 4

Intel

Inserted 2 years ago

“We apologise for the trouble caused to our respected Chinese customers, partners and the public. To clarify, the paragraph about Xinjiang in the letter is only for expressing the original intention of compliance and legality, not its intention or position.”

Intel post on the Chinese social media site WeChat

23 Dec 2021 2 2

Global Times

Inserted 2 years ago

“In 2020, 26 percent of Intel's revenue came from the Chinese mainland and Hong Kong and nearly 10 percent of the company's properties, factories and equipment are located in China. Therefore, it is justified for Chinese netizens to feel discontent and accuse Intel of 'biting the hand that feeds it'. What we need to do is to make it increasingly expensive for companies to offend China so their losses outweigh their gains.”

Globaltimes

Editorial piece by Global Times

23 Dec 2021 4 2

Wally Adeyemo

Inserted 2 years ago

“The United States is the largest single provider of humanitarian assistance in Afghanistan. We are committed to supporting the people of Afghanistan, which is why Treasury is taking these additional steps to facilitate assistance.”

United States Deputy Secretary of the Treasury

22 Dec 2021 3 3

Nureddin Nebati

Inserted 2 years ago

“We have a strong economic model. The basis of our model is high growth and a low current account deficit. Turkey will seize this historic opportunity. We will solve the current account deficit problem through achieving macroeconomic stability and increasing production and exports. Turkey's macroeconomic indicators have no way of pushing the value of the US dollar against the Turkish lira that high. The Turkish lira is moving towards a level where it will find its true balance.”

Aa

Minister of Treasury and Finance of Turkey

21 Dec 2021 5 2

Gary Schlossberg

Inserted 2 years ago

“The market may be waiting to see how this exchange rate guarantee may play out. Some people think it will stabilize the market for a time, but it just seems that the fundamental backdrop is weak and I'm not sure how long that measure by itself can shore up the market.”

Global strategist at Wells Fargo Investment Institute in San Francisco

21 Dec 2021 2 2

Aleksandar Vucic

Inserted 2 years ago

“The Open Balkan initiative is one of the biggest ideas in today's Europe. The most important goal is to unite people who have been focusing more on the past rather than the future. It is important to connect people and their businesses.”

Serbian president

21 Dec 2021 2 2

Edi Rama

Inserted 2 years ago

“Our goal is that the Balkans have no more borders for people, for the movement of goods, capital, and services - four European Union principles.”

Albanian Prime Minister

21 Dec 2021 5 2

Ipek Ozkardeskaya

Inserted 2 years ago

“The current economic outlook was like a truck with no brakes. Erdogan's newly announced measures diverged significantly from the usual market practices. Turkey is going into a complicated process, they are no longer playing the game by the rules.”

Senior analyst at Swissquote

20 Dec 2021 3 1

Edward Moya

Inserted 2 years ago

“I think that if you continue to see rate cuts you should continue to expect ample volatility going forward and that many investors will still target fresh record lows despite this historic reversal that we've seen.”

Senior market analyst for the Americas at Oanda in New York

20 Dec 2021 3 1

Recep Tayyip Erdogan

Inserted 2 years ago

“We are presenting a new financial alternative to citizens who want to alleviate their concerns stemming from the rise in exchange rates when they evaluate their savings. With the interest rate cuts, we will all see how inflation will start falling within months. This country will no longer be a heaven for those adding to their money with high interest rates, it will not be an import haven.”

Turkish President

20 Dec 2021 6 2

Neil Howard

Inserted 2 years ago

“Lee [Lee Jae-myung], who served as governor of Gyeonggi Province until October, is promising three major reforms: unconditional basic income (UBI), a land tax, and a carbon tax. Alone, each of these would be radical; together, they form the basis of a programme that could be transformative.”

Lecturer at the University of Bath and Founder-Editor of Beyond Trafficking and Slavery at openDemocracy.net

20 Dec 2021 5 2

Andrew Lipow

Inserted 2 years ago

“This is a knee-jerk reaction to the proliferation of the virus and the fear that lockdowns can rapidly spread.”

President of Lipow Oil Associates in Houston

20 Dec 2021 2 2

Allison Tait

Inserted 2 years ago

“Wyoming is advertising itself as the new onshore-offshore - it's going to get the clientele. It's like a wrapped gift inside a wrapped gift. The more wrapping you put on, the harder it is to figure out if there has been tax avoidance or evasion or even financial crime. Very few people know what you're doing.”

Icij

Trust and estate expert - University of Richmond law professor

20 Dec 2021 4 3

Recep Tayyip Erdogan

Inserted 2 years ago

“What do they say? They say I am lowering interest rates. They should expect nothing else from me. As a Muslim, whatever Islamic teachings require, that is what I will do. That is what I will continue to do. The religious command is clear.”

Cnn

Turkish President

19 Dec 2021 2 2

Joe Manchin

Inserted 2 years ago

“I cannot vote to continue with this piece of legislation. I just can't. I have tried everything humanly possible. My Democratic colleagues in Washington are determined to dramatically reshape our society in a way that leaves our country even more vulnerable to the threats we face.”

American politician and businessman serving as the senior United States senator from West Virginia

19 Dec 2021 2 3

Imran Khan

Inserted 2 years ago

“Unless action is taken immediately, Afghanistan is heading for chaos. Any government when it can't pay its salaries for its public servants, hospitals, doctors, nurses, any government is going to collapse but chaos suits no one, it certainly does not suit the United States.”

Prime Minister of Pakistan

19 Dec 2021 1 4

Imran Khan

Inserted 2 years ago

“They [the US] must de-link the Taliban government from 40 million Afghan citizens, even if they [have] been in conflict with Taliban for 20 years.”

Prime Minister of Pakistan

19 Dec 2021 5 3

Shah Mahmood Qureshi

Inserted 2 years ago

“We cannot ignore the danger of complete economic meltdown.”

Pakistan Foreign Minister

19 Dec 2021 2 2

Recep Tayyip Erdogan

Inserted 2 years ago

“One-point-three billion people live on the African continent and it is not represented at the Security Council. This is a huge, flagrant injustice. I am still excited and thrilled every time I visit the continent. This summit is a testament to the fact that Turkey is interested in Africa and Turkey's interest in Africa is not a temporary interest, it is a maintained commitment. Our African brothers and sisters are showing they are interested in better cooperation with Turkey.”

Turkish President

18 Dec 2021 3 2

Justin Sun

Inserted 2 years ago

“The Caribbean has a huge potential to become a very good place for entrepreneurship, and also be the next Singapore. The reason is, Caribbean states are very close to the United States, which I think is very important. But also it is important you are not in the United States. If you are in the United States, you are going to fall into a lot of very strict regulation, and also taxation. In the U.S., the regulatory environment is not good to cryptocurrency.”

Founder of the Tron cryptocurrency platform

17 Dec 2021 (approx) 5 2

Recep Tayyip Erdogan

Inserted 2 years ago

“We are determined to put an end to the uncertainty that has arisen with the recent fluctuations in the exchange rate and the exorbitant price increases as soon as possible. We will determine the future of this nation together with its men and women, young and old, workers and employers.”

Turkish President

16 Dec 2021 1 2

Keiji Furuya

Inserted 2 years ago

“Japan firmly supports the application by the ROC [Republic of China], as one of our truly vital partners, to join the Trans-Pacific Partnership [TPP] trade agreement. In moving to help negotiate Taiwanese membership in the TPP, we eagerly look forward to the resolution of a number of related issues. Among them, the ROC ban on imports of food products from a total of five Japanese prefectures.”

Japanese politician of the Liberal Democratic Party, a member of the House of Representatives in the Diet of Japan

14 Dec 2021 4 3

Tsai Ing-wen

Inserted 2 years ago

“Taipei officially applied to join the Tokyo-led trade bloc [Comprehensive and Progressive Agreement for Trans-Pacific Partnership] in September, fully demonstrating its determination to integrate into regional trade networks. The nation is prepared to further secure supply chains and work with like-minded partners to advance the post-pandemic recovery.”

President of Taiwan

14 Dec 2021 2 2

Abdul Ghani Baradar

Inserted 2 years ago

“The US is unhappy about leaving Afghanistan, the people who are here and who were allies to the US want to create economic problems here. The money that they have frozen belongs to Afghanistan or to Ghani? Why is the world not telling the US that this money belongs to the people of Afghanistan, not the government officials? Economic problems are increasing day by day. When a country plunges into economic problems, it will not only affect that country, but will also affect other countries. Our only demand is that the US should show the same behavior toward the Afghan people and government as it does with the world.”

Tolonews

Deputy Prime Minister of Afghanistan

14 Dec 2021 4 3

Greg Foss

Inserted 2 years ago

“There's a component of it that's sensitive to Bitcoin price but in theory, the difficulty adjustment should allow miners to make money regardless of what the Bitcoin price is. However, if Bitcoin does 'do its thing' and rises to the upside, then the bond's appeal will rise manifold. Those bonds are going to trade on the open market at a much higher rate than six and a half percent. They'll trade at a lower yield at a higher price because the six and a half will be extremely attractive so people will bid up the price of those bonds and the yield conversely will decline.”

Ambcrypto

Bitcoin strategist

13 Dec 2021 4 2

Aaron Koenig

Inserted 2 years ago

“He [Nayib Bukele] made the announcement at a huge party on the beach. Funding for the mammoth undertaking to start in 2022 is to be raised through the sale of a sovereign Bitcoin bond to the tune of $1 billion the hottest investment in the cryptosphere at present. At the moment, there are many 'Bitcoiners' having both the resources and the willingness to invest.”

Dw

Film producer and director, crypto art gallerist, entrepreneur, book author

13 Dec 2021 6 2

Jen Psaki

Inserted 2 years ago

“There are a number of reasons why these reserves remain inaccessible. First and foremost, the status of the funds is the subject of ongoing litigation, brought by certain victims of 9/11 and other terrorist attacks to hold judgments against the Taliban. These legal proceedings cannot be disregarded and have led to the temporary suspension of any movement of the funds through at least the end of the year and quite possibly longer. Second, the United States continues to face difficult fundamental questions about how it might be able to make reserve funds available to directly benefit the people of Afghanistan while ensuring that the funds do not benefit the Taliban. And, obviously, our objective as one of the world's biggest providers of humanitarian assistance is to get that assistance directly to the people. It is difficult to determine how that would not go through - would not benefit the Taliban as it relates to these funds. Third, the Taliban remain sanctioned by the United States as a specially designated global terrorist group, and a number of its officials are subject to the UN - UNSCR's 1988 sanctions regime. This raises immediate red flags for many states' central banks and the financial community more generally when considering any transactions.”

Whitehouse

White House spokeswoman

13 Dec 2021 7 3

Henrik Gullberg

Inserted 2 years ago

“The initial trigger for Monday morning's slump was S&P's outlook downgrade, but the risk of further cuts later this week all combined to prompt the latest decline. Ultimately, the CBRT [Central Bank of the Republic of Turkey] needs to show the market some sign of caring about taming inflation. What we have seen so far is not enough to stop the rout.”

Macro strategist at Coex Partners in London

13 Dec 2021 4 3

Kamala Harris

Inserted 2 years ago

“Absolutely make it accessible for everyone. And easy - just like filling up your car with gas. The rollout would be modeled on lessons the government learned from expanding access to broadband internet. When we think about the rollout of electric vehicles, we have those lessons in mind. Parity and equity and … thinking about communities that usually get overlooked.”

Washingtontimes

US Vice President

13 Dec 2021 4 3

Ozgen Nama

Inserted 2 years ago

“We have doubled production [in the last two years] and there are still lines, and this only shows that people don't have purchasing power, and that they are becoming poorer. It's a clear indication people are becoming poorer in this country. Even if we quadrupled our production, it would not be enough to meet demand. The bread is finishing, but the lines are only half gone.”

Vice head of the Istanbul’s Halk Ekmek (Public Bread) programme

13 Dec 2021 2 3

Berk Esen

Inserted 2 years ago

“Bread is an essential item in Turkish cuisine, and it's frequently consumed especially if you are a poor family. For a family of five or six people for instance, where parents and children and elderly live together, maybe at least two pieces of bread are eaten every day. So even if the Halk Ekmek bread is just a few liras cheaper, over a month that adds up to a substantial amount for a low-income family, and the price gap between that bread and what is in the markets is only going to widen as inflation goes up.”

IPC-Stiftung Mercator fellow at the Center for Applied Turkey Studies and an assistant professor at Sabancı University

13 Dec 2021 4 4

Pesti Máté

Inserted 2 years ago

“This successful and unique cooperation shows that a pragmatic, mutually beneficial and win-win partnership is the real driving force behind the economic cooperation between China and Hungary. The newly opened flights are fully aligned with the strategy of the Hungarian government to develop into a central European freight, logistics and distribution center. They will also further strengthen the role of Zhengzhou and Budapest as important freight terminals in China and Central and Eastern Europe.”

Globaltimes

Ambassador of Hungary to China

12 Dec 2021 9 1

Paul Nantulya

Inserted 2 years ago

“China has been signalling strongly that it wants to shift towards a private sector-to-private sector financing model. China's policy banks have grown increasingly concerned about borrowers' ability to repay loans and grown wary about extending finance. These lenders not only have an obvious financial interest in recovering their money, but they are also part of the Communist Party political architecture in China. Should non-performing loans and defaults continue to increase, Xi [Xi Jinping] could face political consequences at a time when he is consolidating control amid the global pandemic.”

Scmp

Research associate at the Africa Centre for Strategic Studies at Washington’s National Defence University

11 Dec 2021 4 5

Wally Adeyemo

Inserted 2 years ago

“Our actions today, particularly those in partnership with the United Kingdom and Canada, send a message that democracies around the world will act against those who abuse the power of the state to inflict suffering and repression.”

United States Deputy Secretary of the Treasury

10 Dec 2021 9 5

Kadri Tastan

Inserted 2 years ago

“Orthodox theory recommends a tight monetary policy that will mitigate inflation by moderating domestic demand. In Turkey, by contrast, under the guidance of the presidency, the CBTR [Central Bank of Turkey] is pursuing a loose monetary and credit policy to boost economic growth, which Erdoğan needs desperately. He is concerned that higher interest rates will slow down the economy and fuel voter discontent in the run-up to the elections in 2023. He has therefore pushed the CBTR to cut rates in the hope that cheaper credit will stimulate the economy and improve his popular support.”

Gmfus

Resident senior fellow in German Marshall Fund's Brussels office

09 Dec 2021 8 4

Subhas Menon

Inserted 2 years ago

“We still haven't figured out whether this is a spanner in the works or a fly in the ointment. From what we see now it looks more like a fly in the ointment that is still good for using.”

Association of Asia Pacific Airlines Director-General

07 Dec 2021 1 3

Campbell Wilson

Inserted 2 years ago

“We were seeing accelerating openings until Omicron. We have seen basically a pause since then. We haven't seen a lot of retrograde steps, though there have been some exceptions.”

Chief executive officer of Scoot (Singapore Airlines budget offshoot)

07 Dec 2021 1 4

Yoweri Museveni

Inserted 2 years ago

“The Western companies have lost their spectacles; they no longer have the eyes to see opportunities. But the Chinese see opportunities, and they come, and they are knocking, they are coming very vigorously. But (Western companies) are saturated with wealth. They are not bothered.”

President of Uganda

05 Dec 2021 2 2

Jihad Yazigi

Inserted 2 years ago

“Captagon has probably become Syria's most important source of foreign currency. That does not mean that the revenues earned are going back into the economy. They are mostly being invested in the bank accounts of smugglers and warlords.”

Editor of The Syria Report a publication that tracks Syria’s economy

05 Dec 2021 4 4

Recep Tayyip Erdogan

Inserted 2 years ago

“God willing, we will stabilise all fluctuations in prices and forex rates in not such a long time. Tayyip Erdogan said low interest rates yesterday, says low interest rates today and will say low interest rates tomorrow. I will never compromise on this because interest rates are a malady that make the rich even richer, and the poor even poorer.”

Turkish President

04 Dec 2021 5 2

Kristalina Georgieva

Inserted 2 years ago

“I don't think there are many people today who could see climate change as not being macro critical for stability, growth and employment. It is. And the reason the IMF is engaged on this topic is because for our members, it matters.”

Managing Director of the International Monetary Fund

03 Dec 2021 5 3

Kristalina Georgieva

Inserted 2 years ago

“A new variant that may spread very rapidly can dent confidence, and in that sense, we are likely to see some downgrades of our October projections for global growth.”

Managing Director of the International Monetary Fund

03 Dec 2021 2 2

Ipek Ozkardeskaya

Inserted 2 years ago

“The impact of the intervention is rather small because the markets know that the reserves are melting. High inflation calls for rate adjustment. Selling the reserves weakens the central bank's hand, and should have an increasingly limited impact on the currency moving forward.”

Senior analyst at Swissquote

03 Dec 2021 3 4

Harun Ozturkler

Inserted 2 years ago

“The assumptions in this new 'model,' if we can call it that, are wrong. They are assuming lowering interest rates would lead to high exchange rates, and the Turkish lira would devalue, depreciate, and then Turkish goods and services will become cheaper in terms of our trade partners' currency. Erdogan is assuming that the subsequent boost to Turkish exports would eventually lead to the lira recovering its value. But that's a strange relationship. It does not work that way.”

Professor of econometrics at Kırıkkale University

03 Dec 2021 10 4

Mehmet Sapci

Inserted 2 years ago

“Cancer medicines, diabetes medicines, surgical disinfectants - all medicines are being affected, because they are all connected in some way to imports. And because imports are affected by the exchange rate, it's a real problem for us right now to produce medicine. We risk being left with no medicines for the Turkish public.”

Owner of the Turkish pharmaceutical company Merkez Ilac

03 Dec 2021 7 3

Nikolay Mitrokhin

Inserted 2 years ago

“It would be suicidal for Russia to start the invasion because the US and the EU will stop buying Russia's hydrocarbons and fertiliser and will give up on Nord Stream 2, a brand new natural gas pipeline to Germany that awaits certification. Russia will lose two-thirds of its foreign trade revenues, while US energy companies will reanimate their shale oil and liquefied natural gas projects to compensate for the lost exports from Russia. The very existence of Putin's regime that stands on oil exports will be in question.”

Research Fellow at Bremen University

03 Dec 2021 13 2

Kim Hyun-soo

Inserted 2 years ago

“The three companies [LG Energy Solution, Samsung SDI and SK On] source 71 percent of cobalt, 63 percent of manganese and 82 percent of lithium from China. Such heavy reliance on China won't be much different for their overseas production facilities in Europe or the US. Depending on how strongly Beijing weaponizes those metals, Korean battery firms' dominance in the global market can fade rapidly. China's overwhelming dominance over key metal resources is a ticking time bomb that can always explode.”

Koreaherald

Analyst at Hana Financial Investment

02 Dec 2021 12 5

Elias al-Arja

Inserted 2 years ago

“The disaster isn't the groups who canceled over the next two weeks. How can I convince people to come to the Holy Land after we promised them that you can come, but then the government closes the border?”

Chief of the Arab Hotel Association

02 Dec 2021 1 2

Meral Aksener

Inserted 2 years ago

“There are those in the world who take the flat-earth theory seriously and discuss it, but no one takes Erdogan's 'flat economy' thesis seriously.”

Turkish politician head of the centre-right IYI Party

01 Dec 2021 1 2

Michael Clauss

Inserted 2 years ago

“Global Gateway has the potential to turn the EU into a more effective geopolitical player. For many partner countries, the offer of a rules and values-based cooperation at eye level will be an attractive alternative to the Chinese Belt and Road initiative.”

German Ambassador to the EU

01 Dec 2021 5 2

Laurence Boone

Inserted 2 years ago

“One [scenario] is where it creates more supply disruptions and prolongs higher inflation for longer. And one where it is more severe and we have to use more mobility restrictions, in which case demand could decline and inflation could actually recede much faster than what we have here. If the Omicron turned out to be more evil than other variants governments could be called upon to step in to cushion the blow for businesses and households. That could be a scenario where we need more fiscal support at this stage.”

OECD Chief Economist

01 Dec 2021 8 3

Recep Tayyip Erdogan

Inserted 2 years ago

“The high interest rate policy imposed on us is not a new phenomenon. It is a model that destroys domestic production and makes structural inflation permanent by increasing production costs. We are ending this spiral.”

Turkish President

30 Nov 2021 4 2

Atilla Yesilada

Inserted 2 years ago

“I don't think he [Recep Tayyip Erdogan] has the confidence of the nation anymore. There's an urgent problem of deepening poverty and the wheels of the economy are coming to a standstill.”

Investment analyst with Global Source Partners

30 Nov 2021 3 4

Recep Tayyip Erdogan

Inserted 2 years ago

“I have never defended raising interest rates, I don't now and will not defend it. I will never compromise on this issue.”

Turkish President

29 Nov 2021 (approx) 1 3

Valery Mironov

Inserted 2 years ago

“The level of indebtedness in Tyva, if it is 78 percent, is truly fantastic. And that shocking figure came from a pretty serious study. Indebtedness of 40 percent is already quite bad, and here they have found 78 percent. That means essentially that for every 10,000 rubles ($133) of salary they receive, they pay 8,000 ($107) on their debts.”

Professor of economics at the Higher School of Social and Economic Sciences in Moscow

28 Nov 2021 2 3

Park Sung-bong

Inserted 2 years ago

“Even if more and more countries are lifting entry bans on travelers who have been fully vaccinated for COVID-19, infection cases are surging across the globe due to Living with COVID-19 schemes. It will take much more time for major airlines to recover demand for international flights.”

Koreatimes

Hana Financial Investment economist

28 Nov 2021 5 4

Rosemary Anderson

Inserted 2 years ago

“We are not going to lie down and just let it happen to us. As an industry we are going to work with government and other industry bodies to legally challenge this. We believe we will be able to talk scientifically to show the UK and other countries that this does not make sense and is not OK.”

Federated Hospitality Association of Southern Africa chairperson

28 Nov 2021 3 3

Franck Leya

Inserted 2 years ago

“This feels like the horrible repeat of a terrible movie. This industry was just beginning to come out of this crisis and two years later we still don't have a solution to this virus and it's affecting us all over again.”

South African citizen working for Honest Travel Experience

28 Nov 2021 2 3

Mohammad al-Ahmad

Inserted 2 years ago

“At this rate, it will cost three lira ($0.24) to produce a bundle of bread, but we have no choice but to keep selling it at 2.5. We'll have to work at a loss but how else will people afford it?”

Owner of a bakery in Idlib, Syria

27 Nov 2021 4 3

Jamil Barakat

Inserted 2 years ago

“Produce prices change every day, and customers are in disbelief. And of course you have to take into consideration rent and transportation costs. Everything here is imported. Do we have any orchards or groves here?”

Small business owner in Idlib, Syria

27 Nov 2021 3 4

Vladimir Putin

Inserted 2 years ago

“I think we will be able to agree [on a new contract], we will assign our business entities to finish this work. In any case, we will find a solution that will definitely be acceptable for our Serbian friends.”

President of Russia

25 Nov 2021 2 2

Bobo Lo

Inserted 2 years ago

“There is no grand conspiracy against the West. What this is, is a classic great power relationship, meaning it's driven by common interests, rather than shared values. By supporting each other, China and Russia gain critical dividends including reinforcing the legitimacy and stability of their respective regimes. Defence cooperation allows Moscow to project Russian influence on the world stage while Beijing is able to gain access to Russia's advanced military technology and operational experience. The relationship also allows Moscow to fill the technological gap left by the withdrawal of Western companies in Russia following sanctions imposed in the aftermath of the annexation of Crimea. And Chinese investment in technology has been absolutely critical to the realization of Russia's Arctic LNG projects.”

Former Australian diplomat and an independent international relations analyst

25 Nov 2021 (approx) 7 6

Tsai Lien-sheng

Inserted 2 years ago

“It is inappropriate for China to link legal matters with politics. The episode could be worrisome for Taiwanese businesspeople. Far Eastern has made donations to not only the DPP, but also to the KMT [Kuomintang] and other parties. This is what it has to do, but it doesn't necessarily mean it supports Taiwanese independence.”

Chinese National Federation of Industries (全國工業總會) secretary-general

24 Nov 2021 9 4

Yongwook Ryu

Inserted 2 years ago

“The current sanction is restricted to Far Eastern Group, and its magnitude does not seem overly costly. But what is important is its signaling effect both to foreign and Taiwanese businesses, as well as to the Chinese public, that the Chinese government shall not tolerate any bit of Taiwanese independence movement or support.”

Assistant professor of East Asian international relations at the National University of Singapore's Lee Kuan Yew School of Public Policy

24 Nov 2021 4 4

Jamie Dimon

Inserted 2 years ago

“I'll make a bet that we [JPMorgan Chase] last longer [than the Chinese Communist Party].”

Koreatimes

CEO of JP Morgan

23 Nov 2021 4 1

Mika Zaykova

Inserted 2 years ago

“There is a noticeable brain-drain. We must find a way to bring part of the Bulgarian diaspora abroad back to the country and think about a major reform of education.”

Balkaninsight

Bulgarian politician member of the There is Such People party

23 Nov 2021 3 4

Jennifer Granholm

Inserted 2 years ago

“As we come out of an unprecedented global economic shutdown, oil supply has not kept up with demand, forcing working families and businesses to pay the price. This action underscores the president's commitment to using the tools available to bring down costs for working families and to continue our economic recovery.”

United States secretary of energy

23 Nov 2021 3 2

Mitch McConnell

Inserted 2 years ago

“The three biggest drivers of the staggering 6.2 percent inflation rate we logged last month were housing, transportation and food. Those aren't luxuries, they're essentials, and they take up a much bigger share of families' budgets from the middle class on down.”