The DailyBrief

Tuesday November 29, 2016

South Korea’s embattled President, Park Geun-hye, asked parliament on Tuesday to come up with a way for her to relinquish power, and for a timeline of when she should step down. Calls have been mounting for her to resign over an influence peddling scandal that has engulfed her presidency.The main opposition Democratic Party rejected Park’s offer, calling it a ploy to escape being impeached.

Thailand’s parliament will invite Crown Prince Maha Vajiralongkorn to become the country’s new monarch following the death of the revered King Bhumibol Adulyadej last month, the president of the legislative body said on Tuesday. Members of the assembly stood up during a short parliamentary session and shouted: “Long live the king!”

Donald Trump’s branding of China as a currency manipulator may have hit home with voters but it’s well out of date. Forget about an artificially weak yuan – capital has been flowing out of China at such a rate over the last two years that its monetary authorities have been desperately trying to slow the currency’s slide against the US dollar and prop up flagging confidence in the world’s second-biggest economy. The dollar’s surge in the aftermath of Trump’s November 8 victory has exacerbated the slump.

Relations between Turkey and the European Union have hit an all time low, writes Altay Alti. President Recep Tayyip Erdoğan’s remarks that Turkey “should not be fixated on the idea of joining the EU” and consider “other opportunities such as the Shanghai Co-operation Organization” have reignited debate over whether Turkey is breaking away from the liberal West and moving towards the authoritarian East. Greater and more formal engagement with the SCO and its member countries makes sense, but, really, Turkey does not have choose between East and West.