EXPLAINS: Turkey’s currency is crashing. What is the effect?

ANKARA, Turkey (AP) – Turkey’s besieged currency has fallen to record lows against the US dollar and the euro in recent months as President Recep Tayyip Erdogan pushes ahead with a widely criticized effort to cut interest rates despite rising consumer prices. As a result, families are struggling to buy food and other commodities and … Read more

Turkey’s Erdogan replaces finance minister amid economic turmoil | Business and financial news

Nureddin Nebati assumes the role of finance minister following the resignation of Lutfi Elvan. Turkish President Recep Tayyip Erdogan has replaced the country’s finance minister after weeks of economic turmoil, with inflation soaring as the lira plummeted to record lows. The currency has lost more than 40 percent of its value against the US dollar … Read more

Erdogan says Turkey’s interest rates will continue to fall Recep Tayyip Erdogan News

Cheaper cash will increase production, create jobs and curb inflation, Turkish President Recep Tayyip Erdogan said in a television news interview. The lira extended the losses according to his remarks and fell as much as 8.1 percent against the US dollar. Turkey’s interest rates will continue to fall, said President Recep Tayyip Erdogan, who argued … Read more

The Turkish lira is falling after Erdogan doubled its pricing policy

turkish lira stock photo your senses The Turkish lira fell to an almost record low on Tuesday after fresh statements from Turkish President Recep Tayyip Erdogan opposing any rate hike. The currency hit a low of 13.24 against the dollar in afternoon trading and approached its latest record low of around 13.45 to the dollar … Read more

Jimmy Kimmel Shakes His Hair on Thanksgiving & Right Wingnuts Blame Omicron Variant on Democrats – Jimmy Kimmel Live

Jimmy Kimmel shakes his hair at Thanksgiving & Right Wingnuts blames Omicron variant on DemocratsJimmy Kimmel live Jimmy Kimmel is hit by Thanksgiving disaster as he burns hair and eyebrows offMirror.co.uk See full coverage on Google News .

Erdogan sticks to interest rate policy while the lira continues to fall | Business and financial news

Turkey’s lira has fallen as much as 45 percent against the dollar this year – hitting a record low of 13.45 last Tuesday. Turkish President Recep Tayyip Erdogan has said he will never defend interest rate hikes or compromise on the issue, NTV and other broadcasters reported on Monday in their latest defense of recent … Read more

Biden gets it (mostly) right at the Democracy Summit

You know you do something just when you arouse the anger of the Chinese Communist Party, and President Joe Biden has done just that by inviting Taiwan to be one of 110 delegations to next month’s virtual “summit for democracy.” China is wrong because it wants the world to continue to believe that the island … Read more

Turkish lira crisis hits Idlib in Syria | Business and financial news

Jamil Barakat says it has never been easy to maintain a life in Syria’s northwestern Idlib city. But the Turkish lira crisis next door and the fierce inflation have made running its small business a nightmare. “Product prices change every day and customers are infidels,” Barakat told Al Jazeera. “And of course you have to … Read more

World Cup playoff draw – Cristiano Ronaldo’s Portugal draw with Italy

Either European champions Italy or Cristiano Ronaldo’s Portugal miss the 2022 World Cup after being drawn in the same playoff path in Friday’s draw. That means either Ronaldo and the 2016 European champions or the four-time World Cup winners Italy will miss the tournament next year. Italy finished as second place to Switzerland in the … Read more

Interpol elects President of the United Arab Emirates

ISTANBUL – On Thursday, Interpol elected a controversial United Arab Emirates official as its new president at the annual meeting of the International Law Enforcement Agency in Istanbul. Major General Ahmed Naser al-Raisi, inspector general of the Interior Ministry of the United Arab Emirates and member of Interpol’s executive committee, was elected for a four-year … Read more