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Hesistant Economic Reactions to Turkish Referendum
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Turkey has long suffered from political instability: A large section of the population favours joining the European Union, while an equally large group would prefer Turkish autonomy to lead the recovery of the country's economy. With such large groups at odds with one another, the country's president, Recep Tayyip Erdogan, tried to unify the country by holding a constitutional referendum. This piece of legislation aimed to massively change the country's political, judicial and legal system. Items within the referendum included stripping away the position of Prime...

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Israel and Europe sign energy deal
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Israel on Monday signed a preliminary agreement of pumping gas across the Mediterranean with Greece, Cyprus and Italy. It is planned to cost around $6bn-7bn. It will be the deepest and longest subsea route in the world. The route will extend from Israel, Cypriot, and the offshore gas fields of Greece and Italy. It is estimated to run for about 2,200km and reach depths of almost 3 km in some places. Studies have shown the project to be technologically and financial feasible, with the likelihood of it being completed by 2025. 

According to Israel’s energy minister Yuval Steinitz,...

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Asia’s Exports Back on Track
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For the first time in 15 years, the global trade grew more slowly in 2016 than the world economy. Global and regional trade deals seem to be going nowhere, but the American president, Donald Trump, has assured his country of protection against “carnage” inflicted on trade. 

In the midst of this snag in the global market, Asia’s exports seem to be heading in the right direction. For the first time in ten months, Chinese exports in January went up year-on-year, while there has been an increment in South Korean’s shipments for three consecutive months. From the...

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