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Turkey's inflation hovers near 60% after policy U-turn
Turkey's inflation hovers near 60% after policy U-turn
by  AFP

Turkey's annual inflation rate held steady near 60 percent last month, official data showed Thursday, offering the first evidence that President Recep Tayyip Erdogan's economic policy U-turn was working.

US fraud trial of disgraced crypto star Sam Bankman-Fried begins
US fraud trial of disgraced crypto star Sam Bankman-Fried begins
by  AFP

The trial of Sam Bankman-Fried, the former CEO of one of the cryptocurrency industry's biggest exchanges, begins on Tuesday to determine whether he committed massive fraud against more than a million clients. "I didn't ever try to commit fraud on anyone.

Asian markets fall on rate concerns
Asian markets fall on rate concerns
by  AFP

Asian markets fell Tuesday on concerns over interest rates following hawkish comments by a senior Federal Reserve official indicating the central bank was likely to keep them higher for longer. "This yield surge reflects the market's response to messaging from the Federal Reserve, indicating the central bank's commitment to keeping borrowing costs elevated to combat inflation," said Innes.

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