Inflation to worsen in Turkey as Erdogan threatens more rate cuts

Turkish President Recep Tayyip Erdogan delivers a speech during 28th Mukhtars (local administrators) meeting at the Presidential Complex in Ankara on October 19, 2016. / AFP / ADEM ALTAN (Photo credit should read ADEM ALTAN/AFP/Getty Images) Inflation in Turkey tops 83% as lira drops and Erdogan promises more interest rate cuts If you’re living in … Continue reading Inflation to worsen in Turkey as Erdogan threatens more rate cuts

Popular SA musician talks again after suffering stroke and speech impairment

In April, Lira’s team announced that the musician had a stroke while she was out of the country for work.  “To Lira's beloved fans, clients, and associates: As Lira's family, we would like to take this opportunity to share some recent developments regarding Lira's health. Lira recently traveled to Germany for performance but unfortunately suffered … Continue reading Popular SA musician talks again after suffering stroke and speech impairment

Protests increase as Turkish lira falls to a historic low

People in the streets of Istanbul have expressed concern over the Turkish lira plunging to record lows against the dollar on Wednesday, a day after Turkey's president said policymakers had no appetite to hike interest rates in response to the currency's fall. Turkish President Recep Tayyip Erdogan delivers a speech during 28th Mukhtars (local administrators) … Continue reading Protests increase as Turkish lira falls to a historic low

Why the Turkish lira keeps falling

Turkey's central bank took action Monday to free up cash for banks as the country grapples with a currency crisis sparked by concerns over President Recep Tayyip Erdogan's economic policies and a trade and diplomatic dispute with the United States. The Turkish lira has nosedived over the past week, accelerating a months-long decline, and tumbled … Continue reading Why the Turkish lira keeps falling