Turkish Lira further loses value
After the Lira crashed last week, protests broke out across Turkey. The crash comes after months of worsening economic problems that already caused the currency to lose more than 45 percent of its value from the start of 2021. Last week alone, the currency devalued by around 20 percent. The police have responded by detaining protestors: last Wednesday the police detained at least 70 people in districts of Istanbul who were protesting the “government’s management of the economy,” according to the New York Times.
American delegates to boycott 2022 Winter Olympics
This weekend the Biden administration announced that no American delegates would be attending the 2022 Winter Olympics in Beijing. American athletes, however, are not affected by the boycott and will be allowed to compete in the Olympics. Since the announcement, New Zealand and Australia have joined the U.S. in the diplomatic boycott.
Other News
- Four students died at the most recent school shooting at a high school in Michigan, United States. The suspect is a 15-year old who now faces murder and terrorirsm charges
- Austria’s former chancellor, Sebastian Kurz, who is currently under investigation for accusations that include corruption, announced last week that he was quitting politics
