Turkish lira in historic 15% crash after Erdogan stokes fire sale

Lira has shed 45% vs dollar this year, worst in world Central bank has slashed policy rate 400 points since Sept Turks say household budgets, future plans in turmoil Ex-central banker calls for end to ‘irrational experiment’ Erdogan insists tighter policy will not lower inflation Turkey’s lira nose-dived 15% on Tuesday in its second-worst dayContinue reading “Turkish lira in historic 15% crash after Erdogan stokes fire sale”

Myanmar currency drops 60% in weeks as economy tanks since February coup

Myanmar’s currency has lost more than 60% of its value since the beginning of September, driving up food and fuel prices in an economy that has tanked since a military coup eight months ago. Many gold shops and money exchanges closed on Wednesday due to the turmoil, while the kyat’s dive trended on social mediaContinue reading “Myanmar currency drops 60% in weeks as economy tanks since February coup”

Ukrainian lawmakers pass law on oligarchs after assassination attempt

Parliament passes law to curb oligarchs’ influence Zelenskiy says law is “historic chance” to reform Ukraine Law passed a day after attempted murder of presidential aide Opposition parties say law will lead to more corruption Ukraine’s parliament passed a law on Thursday to order “oligarchs” to register and stay out of politics, a day afterContinue reading “Ukrainian lawmakers pass law on oligarchs after assassination attempt”

‘Once the best in the Middle East,’ Beirut hospital pleads for fuel as it faces shutdown

A once-famed Beirut hospital is now pleading for international aid to avoid running out of essential resources. The American University of Beirut Medical Center in Beirut, Lebanon, is making an urgent appeal to the United Nations and its specialized agencies, the World Health Organization and the U.N. Children’s Fund, to supply the hospital with fuel beforeContinue reading “‘Once the best in the Middle East,’ Beirut hospital pleads for fuel as it faces shutdown”

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