Lima Charlie News Business Reports
![Image Has there been a shift in Europe's balance of power? [John MACDOUGALL / AFP]](https://75bdb6.a2cdn1.secureserver.net/wp-content/uploads/2018/01/Has-there-been-a-shift-in-Europes-balance-of-power-John-MACDOUGALL-AFP.jpg?time=1679641501)
In 2017, several noteworthy elections occurred across Europe. Arguably, the two most significant were the French presidential and German federal elections. The results hold the potential to revive Europe’s drive towards greater integration by shifting the balance of influence within the European Union. In the… Keep Reading
![Image Pakistan pivots to China's currency following withdrawal of U.S. Aid [CHINA MILITARY ONLINE/LIU YINGHUA]](https://75bdb6.a2cdn1.secureserver.net/wp-content/uploads/2018/01/chinapakistanflags-480x320.jpg)
On Thursday, the U.S. State Department suspended all security aid to Pakistan, announcing a further cut after the U.S. Ambassador to the United Nations announced the cancellation of $255 million in aid to Pakistan on Tuesday. However, Pakistan has already found new allies, and on Wednesday… Keep Reading
![Image Venezuela announces issuance of cryptocurrency 'Petro' amid reality of hyperinflation [Image: Lima Charlie News]](https://75bdb6.a2cdn1.secureserver.net/wp-content/uploads/2017/12/Venezuela-cryptocurrency-Petro-480x320.jpg)
Lima Charlie Business | South America, Venezuela Something in Venezuela Square in Caracas was conspicuously absent this Christmas: lights. This year Venezuela has suffered from 2000% inflation, as the government ramped up the printing of money to deal with a constitutional crisis and an economic crisis… Keep Reading
![Image Russia’s recession ends as Putin prepares for another term [Image by http://en.putin.kremlin.r]](https://75bdb6.a2cdn1.secureserver.net/wp-content/uploads/2017/12/Putin-480x320.jpg)
Lima Charlie Business | Russia As 2017 comes to a close, Russia will have attained positive growth for the first time in two years, signaling the end of its economic depression. Placing this malaise behind them, the Russians are preparing for another milestone, the re-election… Keep Reading
![Image European Commission threatens to sanction Poland, strip voting rights over far-right judicial reforms [Image: REUTERS/Kacper Pempel]](https://75bdb6.a2cdn1.secureserver.net/wp-content/uploads/2017/12/European-Commission-threatens-to-sanction-Poland-strip-voting-rights-over-far-right-judicial-reforms-480x321.jpg)
The European Commission moved Wednesday to trigger Article 7 of the Treaty on European Union, a process which strips EU voting rights from member countries that violate the EU’s core values. Core or “common” values inherent in the treaty are found in Article 2 and include, “respect for… Keep Reading
Last week Japanese aerospace startup ispace set a record for fundraising by a commercial space exploration company raising $90.2 million in its latest (Series A) round of fundraising. This exceeded SpaceX’s highest raise of $12.1 million. Ispace, competing in the Google Lunar XPRIZE, is seeking… Keep Reading
Lima Charlie Business Report | Saudi Arabia | MENA Saudi Arabia’s King Salman bin Abdulaziz Al Saud announced the release of 72 billion riyals (US $19.2 billion) worth of measures to promote growth in Saudi Arabia’s private sector on December 14th. The measures are designed… Keep Reading
On Wednesday, Beijing summoned Australia’s Ambassador, Jan Adams, to lodge a complaint over Australia’s allegations that China has been interfering in its politics, a signal that China won’t back down in an ongoing diplomatic confrontation between the two nations. Last week, Australia’s government introduced laws designed… Keep Reading
Amid a diplomatic crisis with its Arab neighbors, Qatar announced multiple commercial deals with France and Britain last week, worth approximately $14 billion and $8 billion, respectively. Qatar’s Emir Sheikh Tamim bin Hamad al-Thani signed the first round of contracts with French President Emmanuel Macron… Keep Reading
Lima Charlie Business | Asia On Friday, Chinese expatriates in Pakistan received a warning from their home country: “It is understood that terrorists plan in the near term to launch a series of attacks against Chinese organizations and personnel in Pakistan,” the Chinese embassy said… Keep Reading
Lima Charlie Business | Turkey / Eurasia Ankara – Turkey’s statistical office (Turkstat), reports that inflation in the country soared to its highest level since February 2004, landing at a rate of 12.98% in November. A strong domestic demand for goods, plus a weakened supply,… Keep Reading
Lima Charlie Business | Kingdom of Saudi Arabia – A number of highly reliable sources indicate that the recently jailed Saudi billionaires are continuing to move vast sums into Western European bank accounts, and towards hard currency investments, chiefly investments in property. According to a… Keep Reading
Lima Charlie Business | Southeast Asia Jakarta – On Thursday, Indonesia’s central bank publicly issued a policy regulating cryptocurrencies to protect the country’s economy. The policy prohibits financial technology (fintech) companies from using cryptocurrencies “in payment system [and] activities.” The regulation was signed Nov. 29, and… Keep Reading
Lima Charlie Business | Central & South America Protests over a disputed election in Honduras began to ramp up on Monday, as Honduran police said they would ignore orders to crack down on protestors in the streets. The police mutiny began when the elite Comando de Operaciones Especiales (COES)(“special… Keep Reading
In a show of confidence in Zimbabwe’s new leadership, China has given the country a $153 million loan agreement. The loan will be directed towards expanding and upgrading the international airport in Zimbabwe’s capital, Harare. For the new president of Zimbabwe, Emmerson Mnangagwa, this is… Keep Reading
A Lima Charlie News Business Report: This month’s purge of dozens of influential Saudis in so-called “anti-corruption” arrests has many questioning whether Saudi Arabia’s newest Crown Prince, 32-year-old Mohammed bin Salman, is gambling with his country’s economic and political future in more ways than one.… Keep Reading
