Turkey Lowers Interest Rate Even as Inflation Soars to 80%
Turkey’s central bank has lowered its key interest rate despite inflation surging to nearly 80% and making it difficult for people to buy what they need.
Turkey’s central bank has lowered its key interest rate despite inflation surging to nearly 80% and making it difficult for people to buy what they need.
The Dubai-based airline Emirates says it will suspend all flights to Nigeria from September 1 because the West African country has failed to repatriate millions of dollars of its funds.
German Chancellor Olaf Scholz says the government will temporarily lower taxes on natural gas to ease the financial pressure on people struggling with soaring energy costs.
The U.S. government says it will hold talks with Taiwan on a trade treaty in a new sign of support for the self-ruled island democracy claimed by China’s ruling Communist Party as part of its territory.
Wartime rivals Serbia and Kosovo will hold high-level crisis talks which the European Union mediators hope will de-escalate growing tensions in the Balkans.
Britain’s inflation rate has risen to a new 40-year high of 10.1% in July as climbing food prices tightened a cost-of-living squeeze fueled by soaring energy prices.
Climate scientists are warning of dire consequences for the Mediterranean Sea’s marine life as it burns up in a series of severe heat waves.
The chief executive of Dubai International Airport says the hub saw a surge in passengers over the first half of 2022 as pandemic restrictions eased.
A Chinese navy vessel has arrived at a Beijing-built port in southern Sri Lanka after its port call was earlier delayed due to apparent security concerns raised by India.
BRUSSELS – The European Union and United States said on Tuesday they were studying Iran’s response to what the EU has called its “final” proposal to save a 2015 nuclear deal after Tehran called on Washington to show flexibility.