Economists

The Nobel Economics Prize was on Monday awarded to a US trio for their contributions on explaining the role of banks in the economy.

The International Monetary Fund's (IMF) Governing Council has confirmed that it has full confidence in Managing Director Kristalina Georgieva, after examining allegations that during her time at the World Bank she pressured experts to change data in a way that would benefit China. , world agencies reported.

The International Monetary Fund boss, Kristalina Georgieva, is the victim of a plot to oust her, according to a Nobel prize-winning economist, after a report alleged that she applied "undue pressure" on staff to boost China's standing in global rankings while in her previous job at the World Bank.

Analysis by Joseph Stiglitz, American economist and Nobel laureate, comments for Project Sindicate

The opening of the Alpbach European Forum - a Forum dedicated to the future of Europe, the climate crisis and the "green" opportunity - will be inaugurated on August 24 by the President of the Republic Katerina Sakellaropoulou, together with the President of Austria Alexander Van der Bellen, at the latter's invitation.

Turkish Treasury and Finance Minister Lütfi Elvan and U.S. Treasury Secretary Janet Yellen on July 9 met on the sidelines of a G20 meeting in Venice.

"We held a very fruitful meeting [with Yellen] for the improvement of our economic and trade ties," Elvan wrote on Twitter amid the G20 Finance Ministers and Central Bank Governors meeting.

Russia is resuming full-scale air traffic with Turkey next Tuesday, permitting the large tourist trade of Russians taking holidays in Turkey to restart, the country announced.

The decision was made following a visit of Russian experts to Turkey to assess safety measures, Vice Prime Minister Tatyana Golikova told a government meeting in Moscow on June 18. 

Protesters clash with riot police outside Parliament in Athens on Wednesday, as MPs debated an education bill that includes provisions for a university campus security force. Officers used tear gas to disperse the protesters and remanded dozens in custody.

Three Turkish-American women will serve in the administration of U.S. President Joe Biden, who took office on Jan. 20.

Didem Nişancı, former global head of public policy for Bloomberg LP, became the chief of staff for Janet Yellen, the new treasury secretary.

The U.S. Senate on Jan. 25 voted by a wide margin to confirm Janet Yellen as the first woman to lead the Treasury Department, giving her a key role in Congress negotiations over a huge COVID-19 economic relief package.