Many hospitals need urgent reconstruction, but sanctions are preventing them from importing critical equipment ... ( read original story ...)
Turkey Comes to Terms With Pandemic Inflation That Tied Up Rates
Turkey’s central bank is having to reckon ... “More important will be a strengthened commitment to price and financial stability.” ... ( read original story ...)
Lira sinks even as Turkey spends billions of dollars to prop it up
Authorities had previously succeeded in holding the lira steady at around TL6.85 since mid-June. The tumult has defied vigorous resistance from Turkey’s state banks. One London based-analyst said the ... ( read original story ...)
Lira Defies Turkey’s $2.5 Billion Defense as Rout Deepens
Turkish state banks sold at least $2.5 billion to help prop up the lira this week, trying to shield it from foreign outflows and demand for foreign currency spurred by a widening current-account ... ( read original story ...)
Turkey Grapples With Stagflation
Turkey’s central bank is having to reckon with an inflationary ... “More important will be a strengthened commitment to price and financial stability.” ... ( read original story ...)
Global problems require global solutions, says Turkey
Foreign minister Mevlut Cavusoglu says Turkey has done its part by supporting others, global initiatives - Anadolu Agency ... ( read original story ...)
Western Union Expands in the Philippines with Cebuana Lhuillier
Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement and payments, and Cebuana Lhuillier, the largest and long-tenured microfinancial service provider in the ... ( read original story ...)
Pakistan to import 300,000 tonnes of sugar, finance ministry says
Pakistan on Tuesday allowed the import of 300,000 metric tonnes of sugar to meet a shortage in production below consumption levels, the finance ministry said, a move that could support global prices. ( read original story ...)
Reliance Commercial Finance lenders seek suitors to resolve debt
MUMBAI: Lenders to Reliance Commercial Finance Ltd (RCFL) have invited resolution plans from potential bidders under Reserve Bank of India’s 7 June circular on stressed assets, a public notice showed ... ( read original story ...)
Plan a quick getaway to Maldives with Emirates
Emirates is offering UAE nationals and residents a chance to plan a quick escape this summer to the idyllic islands of the Maldives. With the gradual re-opening of borders, travel restrictions in ... ( read original story ...)