International News
Saudi Arabia Purchase Turkish Drones During Erdogan’s Visit
Saudi Arabia has agreed to purchase Turkish drones, one of several profitable contracts President Recep Tayyip Erdogan secured for Turkey’s struggling economy as Ankara benefits from his recent diplomatic push to mend ties with Gulf Arab powers.
President Erdogan arrived in Saudi Arabia on Monday, accompanied by an entourage of around 200 businesspeople, according to the Foreign Economic Relations Board of Turkey, as part of a three-stop tour of the region.
Erdogan and Saudi Crown Prince Mohammed bin Salman attended the signing ceremony between Turkish defense firm Baykar and the Saudi defense ministry, as reported by the Saudi state news agency SPA.
Saudi Arabia will acquire the drones “with the aim of enhancing the readiness of the kingdom’s armed forces and bolstering its defense and manufacturing capabilities”, Defence Minister Prince Khalid bin Salman Al Saud said in a tweet on Tuesday.
Erdogan’s visit comes as Turks are hit with sales and fuel tax hikes that Finance Minister Mehmet Simsek has said are necessary to restore fiscal discipline and bring inflation down.
The official annual inflation rate dropped from a peak of 85% in October to 38% last month.
In the first five months of this year, Turkey’s current account deficit hit historic highs, totaling $37.7 billion. Erdogan is hoping that the oil- and gas-rich Gulf states would help close the gap.
The Turkish lira fell to a historic low against the dollar on Tuesday as investor attention turned to the central bank’s policy-setting meeting on Thursday, where it is once more anticipated to raise interest rates.
International News
‘Only Two Genders’ – Trump Vows To Tackle Transgender Lunacy
President-elect Donald Trump has announced plans to take sweeping actions against what he described as “transgender lunacy,” signaling a push to reverse policies protecting transgender individuals in schools, sports, and the military.
Speaking at the AmericaFest conference in Phoenix, Trump outlined his administration’s priorities, stating, “I will sign executive orders to end child sexual mutilation, get transgender out of the military, and out of our elementary schools, middle schools, and high schools.”
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He also vowed to “keep men out of women’s sports” and asserted, “It will be the official policy of the United States government that there are only two genders, male and female.”
The president-elect’s remarks come amid growing national debate over transgender rights, with states divided over issues such as gender-affirming medical care and the inclusion of books addressing transgender topics in schools.
The controversy escalated last week when Congress passed a defense budget provision blocking funding for certain gender-affirming care for the children of service members.
Trump’s speech drew strong reactions, with critics warning that his policies could strip essential protections from transgender individuals.
Civil rights advocates have raised concerns about the implications of these proposals on marginalized communities.
In addition to his focus on cultural issues, Trump used the event to outline his vision for the nation under his leadership.
He described his presidency as a turning point, promising to address international conflicts and restore American dominance.
“On January 20, the United States will turn the page forever on four long, horrible years of failure, incompetence, national decline, and we will inaugurate a new era of peace, prosperity, and national greatness,” Trump declared, referring to his upcoming swearing-in.
He pledged to end the war in Ukraine, stabilize the Middle East, and avert global conflict. “I will stop the chaos in the Middle East, and I will prevent, I promise, World War III,” he said.
The president-elect also reiterated his commitment to reclaiming control of the Panama Canal and combating crime linked to illegal immigration.
“I can proudly proclaim that the golden age of America is upon us,” Trump concluded.
International News
Ex-IMF Chief, Rodrigo Rato Jailed For Money Laundering, Fraud
A Madrid court on Friday handed down a sentence of more than four years in prison to Rodrigo Rato, the former chief of the International Monetary Fund (IMF) and Spain’s ex-economy minister.
Rato was convicted of multiple charges, including tax crimes, money laundering, and corruption.
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The court found Rato guilty of “three offences against the treasury, one offence of money laundering, and one offence of corruption between individuals,” according to an official statement.
Details shortly………..
International News
South Korean President Banned From Travel Amid Martial Law Backlash
South Korean President, Yoon Suk Yeol has been banned from leaving the country, the Justice Ministry confirmed Monday, following a week of political chaos triggered by his brief declaration of martial law.
The ban marks the first time a sitting president has faced such a restriction in the nation’s history.
Recall that on December 3, Yoon ordered special forces and helicopters to the National Assembly in an attempt to impose martial law.
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Lawmakers swiftly overturned the decree, forcing Yoon to rescind the order. Although he survived an impeachment motion on Saturday, public anger has continued to mount, with large protests demanding his resignation.
Authorities are now investigating Yoon and his close allies for their roles in last week’s events, including allegations of insurrection.
Among those facing travel bans are former Defense Minister Kim Yong-Hyun, who is in custody, and former Interior Minister Lee Sang-min.
General Park An-su, who led the martial law operation, and Defence Counterintelligence Commander Yeo In-hyung have also been barred from leaving the country.
General Park was questioned by investigators on Monday as the probe intensified.
Yoon’s impeachment failed after members of his ruling People Power Party (PPP) walked out of the National Assembly, denying the opposition the required two-thirds majority.
In exchange for their support, Yoon reportedly agreed to delegate his powers to the prime minister and the PPP chairman.
“This is an unlawful, unconstitutional act of a second insurrection and a second coup,” said Park Chan-dae, floor leader of the opposition Democratic Party.
Critics argue that Yoon’s decision to hand power to unelected officials violates the constitution.
“It seems to resemble an unconstitutional soft coup,” said Kim Hae-won, a constitutional law professor at Pusan National University.
“Their attitude of placing themselves above the constitution mirrors that of insurrectionist Yoon Suk Yeol,” added Park Chan-dae.
Despite Yoon’s apology for the “anxiety and inconvenience” caused by his martial law order, his approval rating has plummeted to 11%, according to a recent Gallup poll.
Opposition leaders have announced plans for a second impeachment vote on Saturday, with massive protests expected outside the National Assembly.
The PPP’s claim that Yoon can remain in office while delegating his powers to party officials has also been widely criticized.
“If there are issues with the president, the constitution lays out clear procedures, such as suspension or impeachment,” said Professor Kim Hae-won.
The ongoing crisis has raised concerns about South Korea’s leadership amid tensions with nuclear-armed North Korea.
The Defense Ministry confirmed Monday that Yoon remains the official commander in chief, despite questions about his authority.
“Legally, (control of military forces) currently lies with the commander in chief,” said Defense Ministry spokesperson Jeon Ha-Kyou.