financializer news A weblog highlighting financial topics making news in the international media.

people: Isis claimed responsibility for a weekend bomb attack on a wedding reception in the capital, Kabul, that killed 63 people and wounded nearly 200, according to The Guardian. The Jalalabad bombs were planted near a market where hundreds of people had congregated after attending independence day events. No group claimed responsibility for the 10 bombs on Monday but both Islamic State and Taliban militants operate in the area. A senior health official, Fahim Bashari, said at least 66 people were wounded, including 20 children enjoying the public holiday. Children insisted on being in the shop, as they wanted to celebrate independence day in the market, but they were seriously injured when a bomb exploded, Mohammad said at a hospital in the city. Ghulam Mohammad, a shopkeeper selling plants, said his two sons and a nephew were among the injured in one of the blasts. (news.financializer.com). As reported in the news.

sex slave: Virginia Giuffre was one of those girls, claiming in newly unsealed documents that she was recruited at Trump's Mar-a-Lago resort in Florida by socialite, heiress, and Epstein's alleged accomplice Ghislaine Maxwell in 2000, when she was just 16, according to The Guardian. Giuffre now describes her time with Epstein as being forced to be a sex slave . Facebook Twitter Pinterest Jeffrey Epstein attends an event in New York City with Ghislaine Maxwell in 2005. Some of his victims were reportedly as young as 14. Photograph Patrick McMullan/Patrick McMullan via Getty Images Shortly after her sworn deposition became public Epstein was found dead in his holding cell, apparently from suicide. He had been indicted in 2008, when he walked away with a sweetheart deal that gave him minimal jail time and shielded any possible co-conspirators. Epstein's lifestyle has been well documented he owned a private island in the US Virgin Islands and jetted around the world with rich and powerful men, including the Clintons, Trump, Woody Allen, Larry Bird and Prince Andrew. (news.financializer.com). As reported in the news.

house: While the White House is shooting down the notion of an upcoming recession, Ruhle declared it about time we get a recession, according to MSNBC. A recession is OK. A recession is a normal part of economic activity. While the White House is shooting down the notion of an upcoming recession, Ruhle A Recession Would Be 'Normal' and 'OK' var BB G null ;function HAS ALREADY o new 0px 550px t new e function var e;e t.target,void 0px 3000px r e var in i m o&& string typeof o.cookie BB10 Android Silk Kindle Opera Mini Mobi webOS iP hone od ipad playbook i,ads / www e s, scsta e s, nntec g e n,h e n,h A A e n,h B B C e f,h e f,h A A e f,h B B C 0 u%2 .mobileP .mobile d.width d.height and orientation portrait 0! Cookies.set Cookies.set Bf2e 1 0 expires e 1 new Date new gmx fb show ad %s !!! %se,o.id ;var advertisement banner ad ad ads ;function economy politics ','dimension4' 'msnbc msnbc-live recession stephanie-ruhle 1 0 3 ; Skip to GAd %s, %s, %s e,o,n ;var r&&console.warn GAd %s %d MISSED TOTALLY yo %s %d r %sn,l ned d e,o,n,d,l var %s, %s, 0 l IS BACKFILL! slot Render Ended EMPTY!!! %s Slot %s DivID r&&console.error BB slot Render Ended gmxrcss gmxnoh3 -1 n.index Of -R3 slot Render Ended FOUND! %s Slot %s DivID %s Size %sl,o,n,a 1 -1 o.index Of Bf2 0 ISC IS.mobile FOUND! GT.display %s MISS! GT.display %s GMf 0 0 GMf 0 .length Gloop %s FOUND! GT.display %s MISS! GT.display %s GMf 2 0 GMf 2 .length GMf 1 0 GMf 1 .length DFP-rungptgmx4 / Europe Border / Cartel Chronicles Israel / Middle East Africa Asia Latin America All Justice BREITBART / Europe Border / Cartel Chronicles Israel / Middle East Africa Asia Latin America World Facebook Slow Joe Walls Work!Italian PM Resigns China Threat BoJo vs EU GlobalistsMSNBC's Ruhle A Recession Would Be Normal' and OK'6,072Trent Baker19 Aug 2019 Monday amid rumblings of the United States facing a potential recession, MSNBC Live commentator Stephanie Ruhle defended recessions, calling them a normal part of economic activity. We see them upturns and downturn. You want people feeling good. A recession doesn't mean it's a crisis, but if you're a sitting president, you don't necessarily want a recession on your watch. (news.financializer.com). As reported in the news.

mike cannon-brookes: Scott Farquhar and Mike Cannon-Brookes are Australia's first ever tech billionaires, having built software company Atlassian from scratch, now worth an eye-watering 50 billion, according to Nine News Australia. The billionaire tech whizzes behind the Atlassian empire are set to reveal their secrets for startup success this Sunday on 60 Minutes. 60 Minutes Their software products are used by some of the world's biggest institutions and companies, including the US Defence Department, NASA, Facebook and Twitter. To improve your experience update it here News World Aussie billionaire tech whizzes share their secrets By Sammi Taylor 60 Minutes Digital Producer10 33am Aug 19, 2019Facebook Tweet Mail The billionaire tech whizzes behind the Atlassian empire are set to reveal their secrets for startup success this Sunday on 60 Minutes.60 Minutes reporter Liz Hayes meets the young tech entrepreneurs from Australia that have taken the world by storm already two of Australia's wealthiest men at the age of 39. Mike and Scott met at university in Sydney. Farquhar and Cannon-Brookes say their goal is to make our politicians recognise the need for Australia to have a thriving tech industry. The pair quickly went from coding through all hours of the night, to building a multi-billion dollar empire with over 3000 employees worldwide and more than 130,000 customers. (news.financializer.com). As reported in the news.

work: Number 10 says the system allowing European Union citizens to freely live and work in the UK would look different with changes including tougher checks to prevent foreign criminals entering the country, according to Nine News Australia. The prime minister wants an Australian-style points-based immigration system tailored to suit the UK's needs after Brexit. To improve your experience update it here News WorldUK to end freedom of movement on Oct 31By AAP12 01am Aug 20, of movement will end on October 31, the British prime minister's office says following reports officials had warned against an immediate change on Brexit day if the UK leaves the European Union without a deal. Ministers were warned that dramatically changing the system on October 31 could leave the UK facing another Windrush a reference to the immigration scandal which led to Amber Rudd's downfall as home secretary. A source told the newspaper the document raised concerns that an interim immigration system would prove impossible to enforce because the government and employers would be unable to distinguish new arrivals from those already in the UK. It recommended that free movement should continue until the new immigration system was ready in January 2021 to provide maximum certainty to EU citizens and employers. Home Office officials produced a discussion paper for a ministerial no-deal Brexit meeting last week warning that doing so could present a handling and reputational risk for the government, the Times reported. (news.financializer.com). As reported in the news.

golf club: We're doing pretty darn well in my judgment, according to The Japan Times. Let's not be afraid of optimism. Larry Kudlow said in Sunday television interviews that consumers are seeing higher wages and are able to spend and save more. ; No, I don't see a recession, Kudlow said. A strong economy is key to Trump's reelection prospects. The president has spent most of the week at his golf club in New Jersey with much of his tweeting focused on talking up the economy. Consumer confidence has dropped 6.4 percent since July. (news.financializer.com). As reported in the news.

chinese spies: On Tuesday, protesters blocked passengers from boarding flights at the city's airport and later assaulted two men they accused of being Chinese spies, according to The Japan Times. The images damaged a campaign that until then had largely only targeted the police or government institutions, and prompted some soul-searching among protesters. Ten weeks of demonstrations have plunged the international finance hub into crisis and communist-ruled mainland China has taken an increasingly hard-line tone, including labelling the more violent protester actions terrorist-like. ; Clashes have broken out between police and hard-core protesters but the movement has won few concessions from Beijing or the city's unelected leadership. China's propaganda apparatus seized on the violence, with state media churning out a deluge of damning articles, pictures and videos. In the aftermath of Tuesday's airport chaos, some protester groups apologized and vowed to hold a huge rally on Sunday. State media also ran images of military personnel and armored personnel carriers across the border in Shenzhen, prompting the United States to warn Beijing against sending in troops, which analysts say would be a reputational and economic disaster for China. (news.financializer.com). As reported in the news.

curve: The yield on the 10-year U.S. Treasury note on Wednesday briefly traded below the yield on the 2-year note, marking an inversion of the yield curve a phenomenon seen as an often reliable recession indicator, albeit with an average lag of more than a year, according to Market Watch. In fact, the 10-year yield has traded below the 3-month T-bill yield since late May an inversion of that portion of the curve is seen by economists as an even more reliable recession indicator. Investors will be looking for clues in the week ahead that policy makers are listening, too. Read 5 things investors need to know about an inverted yield curve But the latest twist came amid a run of downbeat economic data out of Asia and Europe, as well as an intensifying U.S.-China trade war. At a very high level, people are really now genuinely concerned about a recession in the U.S. in the next two years, and I think that's fair, he said. Headline warning shot' The latest inversion doesn't guarantee doom, but it is a headline warning shot about what's been going on over the last few months, said Joe Mallen, chief investment officer at Helios Asset Management, which manages 16 billion in combined adviser assets, in an interview. (news.financializer.com). As reported in the news.

day fall: Fed Chairman Jerome Powell will deliver a closely-watched speech on the challenges facing monetary policy at 10 a.m, according to Market Watch. Eastern on Friday. Fed officials will gather with academics and foreign central bankers Thursday in the Grand Tetons in Wyoming to discuss the economic outlook. Markets want to know what Fed officials think after the U.S. bond market sent a signal of a possible recession this week. See Fed not on red-alert after yield-curve inversion Many economists think the market most wants to hear a willingness from the Fed to do whatever it takes to combat any downturn. The Dow Jones Industrial Average DJIA, 0.96% saw the biggest one day fall this year on Wednesday, as longer-dated U.S. Treasury yields TMUBMUSD10Y, -1.58% fell briefly below short term yields, suggesting investors believe the first recession in a decade lies ahead. (news.financializer.com). As reported in the news.

growth: China's fixed-asset investment growth remained basically stable in the first seven months of the year, expanding 5.7 percent year on year thanks to robust high-tech investment, earlier data showed, according to Global Times China. Investment in high-tech manufacturing surged 11.1 percent, 5.4 percentage points faster than total investment growth, while investment in high-tech services grew 11.9 percent, 6.2 percentage points faster than the average growth. The projects were mainly in energy and transportation industries, according to Meng Wei, spokeswoman for the National Development and Reform Commission. Fixed-asset investment includes spending in infrastructure, property, machinery and other physical assets. China's Jan.-May fixed asset investment up 11.4 pct (news.financializer.com). As reported in the news.

auction: The bidding at the RM Sotheby's auction was expected to open at 13 million, according to MSNBC. A display screen said 30 million instead. Since 17 million was below the reserve price -- or minimum required by the seller RM Sotheby's pulled the million Porsche flops in auction News Retail US of rare Nazi-era Porsche fails after auction rare Nazi-era Porsche didn't sell at auction after a technical error confused bidders. The amount on screen continued to rise by increments of 10 million instead of 1 million. Since 17 million was below the reserve price -- or minimum required by the seller RM Sotheby's pulled the million Porsche flops in auction news retail industry business news retail industry business news transportation news transportation autos seo Title 20 million Porsche flops in auction million Porsche flops in auction us us Article title 20 million Porsche flops in auction Frank tag Name Robert News tag Name Europe News tag Name Europe US Source tag Name CNBC US us us mpscall million Porsche flops in auction million Porsche flops in auction snafu headline 20 million Porsche flops in auction News Transportation Autos adunits Top Banner Box Rail Box Inline Logo Mid Responsive Countdown Clock Sponsor Logo Native Ultra Dense Native Three Up Native Ticker Box US News Retail industry Business News Retail Europe ;mpscall.path mpscall.path window.location.pathname window.location.search ' ' window.location.search '' ; var mpsopts mpsopts ;var mps mps ;mps. ext mps. ext ;mps. timer Date.now adunit! string return false;var At 17 million, the auctioneer stopped the bids and said the screen was news retail europe news retail europe were no more bids after 17 million. (news.financializer.com). As reported in the news.

correspondent: Mark Sanford discussed his possible primary challenge of Trump, according to MSNBC. NBC News correspondent Carol Lee, NPR 1A host Joshua Johnson, Wall Street Journal columnist Peggy Noonan and PBS News Hour White House correspondent Yamiche Alcindor joined the Beto O'Rourke warned of the existential threat of a second term for President Trump and former South Carolina Republican Gov. (news.financializer.com). As reported in the news.

documents warning: Speaking at a children's centre on Monday, Corbyn will promise to do everything necessary to stop a disastrous no-deal Brexit although he has so far insisted that he must be the one to lead a caretaker government to extend article 50 if Johnson loses a confidence vote, according to The Guardian. Following the leak of documents warning of protests and food shortages in the event of a no-deal Brexit, he will attack Johnson for the Conservative party's failure on Brexit, and its lurch to the hard right, which has provoked the crisis our country faces this autumn . He will say Boris Johnson's government wants to use no deal to create a tax haven for the super-rich on the shores of Europe and sign a sweetheart trade deal with Donald Trump not so much a no-deal Brexit as a Trump-deal Brexit. The Labour leader will give a flagship speech in the key marginal seat of Corby in the east Midlands as speculation grows about an election in the coming weeks. In some of his hardest rhetoric against the prime minister, he will brand Johnson a hard right leader who has made himself into Britain's Trump, the fake populist and phoney outsider, funded by the hedge funds and bankers, committed to protecting the vested interests of the richest and the elites, while posing as anti-establishment . With all parties now preparing for an autumn election, Corbyn will reiterate his pledge that Labour would commit to another EU referendum in the party's manifesto. Corbyn will also argue that the country is facing even greater and deeper problems than the huge threat of a no-deal Brexit. This would give voters the final say, with credible options for both sides, including the option to remain he will say. (news.financializer.com). As reported in the news.

evolution: The material, including Warren's previously unreported comments on regulations and her association with conservative groups, sheds new light on the early part of her career, before she became actively involved in politics, according to CNN. Warren rarely discusses her evolution from a moderate conservative, as one former colleague described her to CNN, to a leading Democratic presidential candidate proposing ambitious liberal policies. As a law professor in the 1980s and 1990s, Warren criticized the overabundance of government regulations, calling them a tax, and spoke to conservative legal groups like the Federalist Society and the Manhattan Institute, a CNN KFile review of Warren's academic research, interviews and speeches in this period found. She has said previously that as she established herself as one of the nation's leading experts in bankruptcy, she came to realize through her research the need for aggressive regulation of the financial industry. Asked about the shift in 2014, she told ABC News that she realized the Republican Party really stood up for the big financial institutions when the big financial institutions are just hammering middle class American families. Warren changed her party registration from Republican to Democrat in 1996. (news.financializer.com). As reported in the news.

june-quarter report: The batch of cannabis would be worth roughly C 2.5 million 1.9 million assuming a price of C 5 per gram, according to Market Watch. Sundial has not disclosed that a shipment has been returned; a spokeswoman for the company didn't return requests for comment. The attempted sale would be the equivalent of 10% of Sundial's SNDL, -0.85% total second-quarter cannabis sales of five metric tons. Sundial announced earnings Wednesday morning. People familiar with the matter say that party was Sundial, and Zenabis returned the cannabis because the pot was of poor quality and contained bits of rubber, among other issues. In its own June-quarter report the same morning, Canadian cannabis company Zenabis Global ZENA, 7.69% disclosed that it had returned a half ton of pot and terminated its agreement to buy weed from a third party that it did not name. (news.financializer.com). As reported in the news.

jane fonda: He entered the family business in the 1960s, often playing renegade characters and acting the part in real life, according to The Independent. In 1966, he played a biker named Heavenly Blues in Roger Corman's The Wild Angels, then was an LSD-taking character in Corman's The Trip 1967 . Fonda essentially combined the two roles in Easy Rider, which was released in 1969. Fonda, who has died aged 79, grew up in the shadow of his father, Henry Fonda, and older sister, Jane Fonda, both of whom won Academy Awards for acting. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. You can form your own view. (news.financializer.com). As reported in the news.

kentuckians sarin: We are confident that this will lead to more jobs for Kentuckians, according to Global Times China. Sarin is certainly not alone. As we continue to build relationships with Chinese businesses and seek investment opportunities, we are executing our long-term strategy to tap into the enormous opportunities that exist in China, Vivek Sarin, Kentucky Cabinet for Economic Development interim secretary, said in a statement recently. Many state and local officials, with a more pragmatic attitude, have expressed their continued interest in boosting cooperation with China in economy, culture, education and beyond, injecting positive momentum into the bilateral relations facing headwinds. Kate Brown, governor of the northwestern US state of Oregon, recently said that what is happening nationally has had a chilling effect on commodity prices and the state's ability to sell goods to China. The most important thing for subnational leaders is about the business of moving their state forward around jobs, moving their state forward around prosperity and making sure that each citizen has an opportunity to participate in the economy, and that's the motivation for their relentless efforts in seeking cooperation with China, said Reta Jo Lewis, senior fellow and director of congressional affairs at the German Marshall Fund of the US. The negative factors at the national level, however, have trickled down to sub-national levels, raising concerns among officials, the business community and the general public. (news.financializer.com). As reported in the news.

model zone: The government will support financial products and funds' mutual recognition among Shenzhen and the two special administrative regions of Hong Kong and Macao, the guideline noted, according to Global Times China. The move to boost Shenzhen's financial sector comes at a critical time, an expert said, as the riots in Hong Kong, which has played a crucial role in China's economic development, have seriously damaged the financial hub's international image. According to a guideline released by the central government on Sunday that supported the construction of Shenzhen into a model zone, the government will push the connection of the Shenzhen financial market with the markets in Hong Kong and Macao, according to a report by China Central Television. Some financial institutions in Hong Kong have moved elsewhere such as Singapore and New York. Li Daxiao, chief economist at Shenzhen-based Yingda Securities, told the Global Times that positioning Shenzhen as a key financial hub will help bring stability to adjacent Hong Kong, as it will play a major role in the Guangdong-Hong Kong-Macao Greater Bay Area development plan that is set to spur economic growth for the whole region. Under such circumstances, if Shenzhen could offer a better environment, they might consider not leaving Hong Kong or moving to Shenzhen, Liang Haiming, dean of the Belt and Road Institute at Hainan University, told the Global Times on Sunday. (news.financializer.com). As reported in the news.

vice president: ANTRAM said they were open to government-moderated negotiations but only if the strike was suspended or called off, according to The Japan Times. The drivers' return to work is a relief for Portugal's Socialist government, which feared the impact of a prolonged strike on the country's tourism-dependent economy. Demanding better salaries and working conditions, the National Hazardous Goods Drivers' Union SNMMP started striking on Aug. 12 after negotiations with their employers' association, ANTRAM, failed. ; It was their second strike this year. Given that all conditions are in place to negotiate with ANTRAM employers' association and the government, it was decided that the strike would be called off, Pedro Pardal Henriques, SNMMP's vice president, told reporters. During the strike, motorists were limited to buying up to 15 liters 4 gallons of gas at special filling stations, but there was no mass lines at stations as there was in April. ANTRAM could not immediately be reached for comment. (news.financializer.com). As reported in the news.

service: The government has invested 30 billion in the NBN and questions have been raised over whether it's getting its bang for its buck, in terms of profit and service, according to Nine News Australia. A recent audit found some NBN users will pay more for their internet or receive a lower quality service, contrary to what the service promised. To improve your experience update it won't write down cost of NBN to save consumers By 9News Staff6 00pm Aug 18, believe the government could reduce the cost of the beleaguered National Broadband Network by writing down the value of its investment. The cost and slow speeds associated with the NBN could see customers choose other services like wireless and 5G. 9News Right now the NBN is essentially required to make money and get the money back the government lent it to create the NBN, tech expert Trevor Long said. Pegasus Economics director Stephen Bartos told 9News, a write down could be a good be a good thing for NBN customers . But the Coalition has written-off the idea of a write-down. If that burden is gone, the NBN can charge less for wholesale, and therefore retailers can charge consumers less. (news.financializer.com). As reported in the news.

mixture: But a growing movement is focused on just that encouraging people towards a mixture of extreme saving, frugal living and smart investment that will allow them to stop working and put their feet up decades before their peers in some cases, when they are still in their 30s, according to The Guardian. And the Financial Independence, Retire Early Fire doctrine claims that people do not need a six-figure salary to get there. And all at an age that most people would consider to be barely midway through their working life. At a time when many people are struggling to ensure they have enough money when they do retire or even to get them from month to month, the idea will probably appear absurd. The advocates of Fire are undaunted, however. And that is before you hear that it often involves saving between 50% and 75% of post-tax earnings. (news.financializer.com). As reported in the news.

relationship: The US, Buttigieg said, has a lot of different forms of leverage in the relationship, according to CNN. But it's also a fool's errand to think you will be able to get China to change the fundamentals of their economic model by poking them in the eye with some tariffs, he said. CNN's Jake Tapper asked the South Bend, Indiana, mayor on State of the Union in an exclusive interview why he thinks China would strike a trade deal with him if, as president, he were to ease Trump's pressure and end the President's tariffs imposed on Chinese goods. Aides got Trump to delay tariffs by telling President it could 'ruin Christmas' Buttigieg's comments come as fears of a recession in the US grow, with critics of the President's economic policies pointing to Trump's trade war with China as a contributing factor in the potential economic slowdown. Last year, Trump imposed tariffs on about 250 billion in Chinese-made goods, targeting industrial materials and components. Last week, the Trump administration -- in its latest turnaround on trade -- said it would delay new tariffs on Chinese-made consumer goods including cell phones, toys and video game consoles until December 15. (news.financializer.com). As reported in the news.

inc: The stock increased 0.93% or 16.45 during the last trading session, reaching 1792.57, according to MSNBC. About 2.80M shares traded. Tiedemann Wealth Management Llc who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the 886.71 billion market cap company. Amazon, Inc. It has outperformed by 4.92% the S&P500. AMZN has risen 4.92% since August 18, 2018 and is uptrending. (news.financializer.com). As reported in the news.

water shortages: The Sunday Times newspaper published what it said was what the British government expects in the case of a sudden, no-deal Brexit, according to Nine News Australia. Among the most serious significant disruptions to the supply of drugs and medicine, a decrease in the availability of fresh food and even potential fresh water shortages due to possible interruptions of imported water treatment chemicals. To improve your experience update it here News World Leaked UK memos warn no-deal Brexit could spell food and drug shortage chaos By Associated Press2 49am Aug 19, British government documents have warned of serious disruptions across the country in the event that the UK leaves the European Union without a trade deal on October 31, according to a report. Secret British government documents have warned of serious disruptions across the country in the event that the UK leaves the European Union without a trade deal on October 31, according to a report. PA Although the grim scenarios reportedly outlined in the government documents have long been floated by academics and economists, they've been repeatedly dismissed as scaremongering by Brexit proponents. PA Young activists from Our Future, Our Choice held a protest outside the Scottish Conservative's HQ in Edinburgh to warn that a no-deal Brexit threatens the future of the Union. (news.financializer.com). As reported in the news.

china word: That's on top of concerns over Trump's plans to impose punishing tariffs on goods from China and word from the United Kingdom and Germany that their economies are shrinking, according to The Japan Times. Though a pre-election recession in the U.S. is far from certain, a downturn would be a devastating blow to the president, who has made a strong economy his central argument for a second term. But privately, Trump is growing increasingly worried the economy won't look so good come Election Day. ; The financial markets signaled the possibility of a U.S. recession this week, sending a jolt of anxiety to investors, companies and consumers. Trump advisers fear a weakened economy would hurt him with moderate Republican and independent voters who have been willing to give him a pass on some his incendiary policies and rhetoric. Trump has taken to blaming others for the recession fears, mostly the Federal Reserve, which he is pushing for further interest rate cuts. And White House economic advisers see few options for reversing course should the economy start to slip. (news.financializer.com). As reported in the news.

craft law: It will govern the country's space development and utilization policy. ; This piece of legislation will bear fruits that generations to come will be enjoying, Fortunato dela Pena, the Filipino science and technology secretary, told a news briefing Wednesday, acknowledging that the data collected from space technology will have multiple significant applications on the ground, according to The Japan Times. In an earlier interview, Rogel Mari Sese, a Filipino astrophysicist who helped craft the law, said it was a long time coming. The Philippine Space Act was signed by President Rodrigo Duterte on Aug. 8. Space is no longer a luxury when it comes to national development and security. Sese said the creation of the Philippine Space Agency PhilSA is in the administration's Philippine Development Plan 2017-2022, and in its National Security Policy. It's a necessity, Sese said. (news.financializer.com). As reported in the news.