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Asian markets rally as traders welcome US debt deal
Asian markets rally as traders welcome US debt deal
Business and Economy
by  AFP

Asian markets rose Monday on news that President Joe Biden and House Speaker Kevin McCarthy have reached a deal to lift the US debt ceiling and avoid a calamitous default. For now, dealers are upbeat as the breakthrough lifts the threat of a debt default by the United States that economists warn could hammer the global economy and cause market turmoil.

Erdogan's priorities for last term as Turkey president
Erdogan's priorities for last term as Turkey president
Business and Economy
by  AFP

Recep Tayyip Erdogan has a huge in-tray waiting for him at his presidential palace after extending his two-decade rule over Turkey for one last time in Sunday's runoff. The cost of the damage is officially estimated at more than $100 billion and the huge reconstruction effort is still at an early stage.