Fraja Maroc Blog

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India: PNB scandal poses sophisticated questions for PM Modi

New Delhi, India – On the morning of February 16, India’s second-largest state-run bank, Punjab National Bank (PNB), quietly announced to the stock exchange authorities in Mumbai that it has been defrauded of $1.8bn. But things hardly remained quiet. Within minutes, hell had broken loose in India’s financial markets. Indices tanked, especially the share prices…

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China is letting the yuan crush the buck — Trump is acceptable one motive

The Chinese yuan has appreciated 10 percent against the dollar since the start of 2017, quelling some criticism that the export giant has been deliberately suppressing its currency to gain economic advantage over its trading partners. This is all going according to China’s plan, experts said. Although the strength of the yuan against the dollar…

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Who will almost certainly be Ethiopia’s next high minister?

Hailemariam Desalegn’s snap resignation as Ethiopia’s prime minister last week set off a dramatic chain of events in a country that has seen mass, anti-government protests for several years. A state of emergency order soon followed the announcement, plunging Ethiopia even further into a state of political uncertainty. As it prepares to replace Hailemariam as…

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Television Academy institutes unusual code of conduct

As Hollywood continues to grapple with issues of sexual misconduct and gender inequality, the Television Academy has instituted a new code of ethics and conduct. In a letter to members Thursday, the organization, which presents the annual Primetime Emmy Awards, said it expects “nothing less from Academy leadership, members and staff than respectful conduct and behaviors…