US treasury secretary wavers over Saudi trip after Khashoggi disappearance

Steve Mnuchin is second-guessing attending economic conference after claims that Saudi assassins killed journalist US treasury secretary Steve Mnuchin on Sunday was second-guessing his stated intention to attend an economic conference in Saudi Arabia, following the have withdrawn in protest at Khashoggis alleged killing. Financial companies mostly have not. Kudlow…

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I Show The Contrast Between The Two Worlds That We Currently Live In By Combining Photos

I wish that the whole world would live by the Mustafa Kemal Atatürk’s phrase “Peace at Home, Peace in the World”, which was implemented as the foreign policy of Turkey. #1 reply #2 reply #3 reply View More Replies… #4 reply View More Replies… #5 reply View More Replies… #6…

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Thousands of Syrians displaced as threat of Idlib attack grows

UN warns Idlib civilians could be facing worst humanitarian disaster this century The first signs of the predicted mass movement of Syrian civilians seeking to escape an imminent joint Russian-Syrian air assault emerged on Monday when the UN said 30,000 of the 3.5 million people in the opposition-run enclave of…

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Lira Falls to Record Low as Turkey Grapples to Stem Market Rout

The Turkish lira sank to a record low as concern about souring relations with the U.S. and runaway inflation outweighed the nation’s plans to stem a market rout. The lira sank about 4 percent, while the iShares MSCI Turkey ETF extended a two-day plunge. The currency had initially pared losses…

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Lira Falls to Fresh Record With No Letup in Turkey-U.S. Tensions

The grip of bears on Turkish assets tightened as the nation’s souring relationship with the U.S. added to investor concern over authorities’ inability to put a lid on inflation, sending its currency to a fresh record low and driving up bond yields. The lira plunged more than 3 percent to…

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Turkey HoldsOut on Releasing American Pastor

A Turkish delegation to Washington refused to commit to releasing an American pastor, as both sides sought a way out of an escalating feud, a U.S. official said. Turkey raised concerns about a state-run lender, new record. The meetings came as Turkey seeks to stanch an economic meltdown amid fallout…

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Why Can’t Turkey Stop Its Economic Nose-Dive?

Turkey’s economic outlook has deteriorated so much that bankers and traders are starting to talk about the need for an International Monetary Fund rescue — a taboo topic until recently. Some even worry that President Recep Tayyip Erdogan will impose capital controls as a last-ditch effort to avoid raising interest…

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