Emine Erdogan, wife of the Turkish President, called for unified efforts to prevent violence against children. During her participation in an event entitled “Day of Healing and Elimination of Violence,” Erdogan said that the place where a child can enjoy the best protection is at home in a loving and safe family environment.
Emine Erdogan, wife of the Turkish President, called for unified efforts to prevent violence against children.
This came during her participation on Tuesday, in an event entitled “Day of Recovery and Elimination of Violence,” held on the sidelines of the 78th session of the United Nations General Assembly in New York, USA.
During her speech, Erdogan stressed the need to work for the well-being of children, noting that the exploitation that children are exposed to has a lifelong impact on their lives.
She stated that Turkey made a constitutional amendment in 2010 to enact laws that allow positive discrimination for children and all vulnerable groups in society.
She added that the place where a child can be best protected is at home in a loving and safe family environment.
On Tuesday, the opening session of the 78th session of the United Nations General Assembly began in New York, which will last for 6 days, according to the United Nations News website.
Study: The risk of severe disruption in real estate markets has decreased in 25 cities around the world
Imbalances in real estate markets have declined sharply in 25 major cities around the world, not including Tokyo and Zurich, due to the increasing rise in interest rates, according to a study conducted by the Swiss bank UBS.
A study conducted by UBS Bank confirmed that the risk of a real estate bubble has declined after a “general correction” in 25 major cities around the world, with the exception of Tokyo and Zurich.
It expected prices to continue to decline if interest rates remained high.
Imbalances in real estate markets have declined sharply, due to the sharp rise in interest rates, according to the Swiss bank, which publishes a study every year on the risks of inflation in 25 major financial centers, including New York, London and Singapore.
Real estate prices fell by an average of 5% in real terms between mid-2022 and mid-2023 in the 25 cities included in the study.
The decline was particularly noticeable in Frankfurt and Toronto, the two cities where prices were the highest in a ranking conducted last year. Prices there have fallen by 15% over the past four quarters, according to the study.
“The abrupt end to the low interest rate environment led to the fall of the sand palace,” the study authors said, after a decade of strong growth that pushed prices to “sharp heights.”
The previous ranking, conducted in 2022, showed the risk of real estate bubbles in nine cities, including Munich, Hong Kong, Vancouver, Amsterdam and Tel Aviv.
It decreased to only two in 2023 in Zurich, where the main office of UBS Bank is, and Tokyo, which is still threatened by the market boiling, according to the study.
In the face of this, the bank estimates that “an additional decline in prices is possible if interest rates remain at their current high levels.” However, the bank confirms that prices may rise again if there remains a shortage of housing for sale.