UAE’s $51 Billion Pledge for Turkey Is Marred by Failed Deals

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 The United Arab Emirates’ pledge to invest $51 billion in Turkey is facing challenges two years after its announcement, as shifting economic conditions in Ankara complicate deal-making. The initial commitment, intended to strengthen economic ties between the two nations, has encountered roadblocks stemming from valuation disputes and shifting investment priorities. In 2021, the UAE announced its ambitious plan to inject substantial capital into various sectors of the Turkish economy, including finance, technology, and infrastructure. The pledge was seen as a major step in restoring relations between the two countries, following years of geopolitical tensions. However, since then, Turkey's economic landscape has evolved, with a strengthened lira, rising investor confidence, and an improved trade balance making local businesses more resistant to external acquisitions and partnerships. Turkish companies, buoyed by a rebound in economic stability, have adopted a firmer stance on valua...

Will Japan actually disappear if people don't have more babies?

 

Japan

If we go on like this, the country will disappear," Masako Mori, an upper house lawmaker and former minister who advises Japanese Prime Minister Fumio Kishida on the birth rate problem and LGBTQ issues, said in an interview in Tokyo.

Japan announced last February the number of babies born in 2022 slumped to a record low, with lesser than 800,000 births and about 1.58 million deaths. The alarming situation has prompted the prime minister to make promises on doubling the spending on children and families in order to control the slide, that's progressing faster than expected.

While Japan's population has dropped from a peak of just over 128 million in 2008 to the current 124.6 million, the proportion of people aged 65 or over increased to more than 29% last year.

"It's not falling gradually, it's heading straight down," said Mori, adding the children who have to live through the process of disappearance will experience enormous harm.

If the required measures aren't taken on time, the social security system would collapse, there wouldn't be enough recruits for the Japanese Armed Forces to protect the country, and industrial and economic strength would decline, she further mentioned.

While the significant drop in the number of women of childbearing age would make it extremely difficult to reverse the slide now, "the government must do everything it can to slow the plunge and help mitigate the damage," the advisor to Kishida said.

While the prime minister has yet to announce the content, he has said the new spending package will be "on a different dimension" from earlier policies. So far, he has delivered hints regarding improving childcare provision, increasing child allowances, and changing working styles.

But critics argue that spending money on families who already have children isn't sufficient to effectively address the real issue. A number of comprehensive changes are needed, including reducing the burden on women of raising kids and easing the process of participating in the workforce after giving birth, a paper from a government panel on gender equality mentioned.

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