Turkey's central bank needs to raise interest rates to contain the country's financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar. It later pared some of those losses to trade around 6.99. "The markets clearly want much more decisive action,"
Category : International
With Sino-American trade tensions escalating, China's cybersecurity standards could be used as an "invisible tool" for retaliating against Washington's tariffs, according to one expert. Such standards are government-issued operational guidelines that are technically voluntary, but are oftentimes treated as mandatory by foreign firms' Chinese business partners. If Asia's largest economy were to weaponize the listing
Speaking at an event marking his country's independence from Japanese rule, Moon said such a "community" could eventually herald the launch of a "multilateral security system" in the region, according to the report. "This community will lead to an energy bloc and economic bloc in Northeast Asia by expanding our economic area to the northern
House intelligence committee Who leads it: Rep. Mike Conaway, Texas Republican, and Rep. Adam Schiff, California Democrat. What's the latest: The committee is back on track, planning to hear from FBI Director James Comey on May 2 and former acting Attorney General Sally Yates later. It's a far cry from where they were just three
Turkey began 2008 in the shadow of a very heated debate over whether female students could cover their hair with a headscarf — a practice banned in Turkey since 1989. In February 2008, the Justice and Development Party (AKP), a “conservative” party led by devout Muslims, with the support of two other parties, passed an
As President Donald Trump faced allegations of racism and cruelty on Tuesday, his press secretary stepped to the White House podium to deny only one of those charges. Briefing reporters for the first time in weeks, Sarah Sanders insisted Trump was not using racially coded language when he disparaged a disgruntled former aide, who is
While the U.S.-China trade war has been getting the headlines, investors from China are running into resistance in countries around the world, including the United States. Typically, governments welcome foreign investment, especially local governments, as a mechanism to create—or save—jobs, reinvigorate their economies and gain access to new technologies. Growing investment outflows from China, however,