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Inflation forces Turkey's central bank chief to move in with parents
Inflation forces Turkey's central bank chief to move in with parents
Economy
by  AFP

The new head of Turkey's central bank said she has been priced out of Istanbul's property market by rampant inflation, leaving no choice for the former finance executive but to move back in with her parents. The central bank last month pushed up benchmark lending rates to 40 percent in a bid to get inflation under control.

Canada print media to get two-thirds of Google's payment to news outlets
Canada print media to get two-thirds of Google's payment to news outlets
Technology
by  AFP

Canada's print media will receive nearly two-thirds of an annual Can$100 million (US$75 million) payment from Google to the country's news outlets in exchange for distribution of their content, the federal government announced Friday. Most of the payout will go to the print media because it is "really dependent" on online platforms to distribute its content, the official added.