Turkey cuts interest rates again despite 80% inflation

The number of Russian tourists to Europe decreased significantly during the summer, but increased in several other destinations, including Turkey (here). Onur Dogeman | soba pictures | Light Rocket | Getty Images Turkey’s central bank surprised markets once again with its decision on Thursday to cut its key interest rate, despite the country’s inflation soaring … Read more

The US aims to maintain the “dictatorship” while Europe is sacrificed

Russian President Vladimir Putin has said that the West is reluctant to acknowledge the “irreversible tectonic shifts” in international relations and that the Asia-Pacific region has become a magnet for human resources, capital and production capabilities. Mikhail Svetlov | Getty Images News | Getty Images Russian President Russian President Vladimir Putin The United States was … Read more

High inflation in Turkey warns of more losses for Gulf banks

A general view of Emirates NBD on January 3, 2017 in Dubai, United Arab Emirates. Tom Dolat | Getty Images Dubai, United Arab Emirates – Banks dealing with Turkey have faced losses since the country’s currency began to decline sharply in 2018; Now, lenders in many of the oil-rich Gulf states in particular are set … Read more