Emerging Markets

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Erdogan says Turkey will continue to cut interest rates, mocks sterling

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at parliament in Ankara, Turkey, May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE A PROVIDED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. COMPULSORY CREDIT Murat Cetinmuhurdar Reuters Turkey will continue to cut interest rates, its President …

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One-way economy class flights from Moscow to Dubai cost nearly $5,000 as Russians flee call for action

One-way economy class flights from Moscow to Dubai cost nearly $5,000 as Russians flee call for action

The airline industry has been crippled by a perfect storm of challenges in recent weeks, ranging from labor shortages and supply disruptions to rising fuel prices. Sopa Pictures | Light flare | Getty Images DUBAI, United Arab Emirates — One-way economy class flights from Moscow to Dubai cost up to $5,000 and many sold out …

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After Turkey's stock market tumbles, investors brace for another rate cut as inflation soars

After Turkey’s stock market tumbles, investors brace for another rate cut as inflation soars

An electronic board displays information about exchange rates at a currency exchange office in Istanbul, Turkey, Monday, August 29, 2022. Nicole Tung | Bloomberg | Getty Images Investors brace for another potential interest rate cut – or simply a hold at the current rate – as Turkey refuses to follow economic orthodoxy in tackling its …

After Turkey’s stock market tumbles, investors brace for another rate cut as inflation soars Read More »