Turkish policy makers made their first move to bolster the financial system and investor confidence amid a plunge in the lira. The currency, stocks and bonds extended their decline.
Around the Globe
Around the Globe
Turkish President Recep Tayyip Erdogan is showing no signs of backing down in a standoff with the US that rattled markets. As investors worry about Turkey sliding toward a full-blown financial crisis, the big question now is how far the pain may spread.
“I call out to those in the United States. It is a shame. You are trading a strategic NATO ally for a pastor,” Erdogan told a rally on Saturday in Ordu, referring to the US decision to sanction Turkey for its imprisonment of an American priest. “You cannot tame our people with threats.”
The United States says it will impose new sanctions on Russia for illegally using a chemical weapon in an attempt to kill a former spy and his daughter in Britain earlier this year.
The new sanctions, to be imposed later this month, come despite President Donald Trump’s efforts to improve relations with Russia and its leader, Vladimir Putin, and his harsh criticism of the investigation into Russian interference in the 2016 election.
Pressure is building on UK opposition leader Jeremy Corbyn to switch course and back a referendum on whatever Brexit deal the government reaches with the European Union.
Labour Party activists are trying to force a debate on the issue at its annual conference in Liverpool next month. If they succeed – and there are still some hurdles – a second plebiscite that could potentially reverse Brexit becomes much more likely.
A woman was pulled alive from a collapsed building on Indonesia’s tourist island of Lombok on Tuesday, two days after a powerful earthquake that killed dozens, destroyed villages and left thousands of people homeless.
Rescue workers were also digging under the rubble of a mosque in the north of the island shattered by Sunday’s 6.9 magnitude earthquake, hopeful that at least one of four people trapped inside was still alive.
Scenes of destruction greeted rescue workers across Indonesia’s resort island of Lombok on Monday, after an earthquake of magnitude 6.9 killed at least 98 people and prompted an exodus of tourists rattled by the second powerful quake in a week. The National Disaster Mitigation Agency (BNPB) said it expected the death toll to rise once the rubble of more than 13,000 flattened and damaged houses was cleared away.
At least one explosion rocked a military event where Venezuelan President Nicolas Maduro was giving a speech on Saturday and the government said it was a failed assassination attempt involving drones carrying explosives.
Maduro said “everything points” to a right-wing plot that initial investigation suggested was linked to Colombia and the US state of Florida, where many Venezuelan exiles live. Several perpetrators were caught, he said
Information Minister Jorge Rodriguez said drones loaded with explosives detonated close to the military event in downtown Caracas.
Beijing warned today it was prepared to impose new tariffs on 60 billion worth of US goods if Washington ups the ante in the escalating US-China trade war.
The commerce ministry issued a statement saying the new duties would be applied if Washington pulled the trigger on President Donald Trump's threat to raise tariffs on 200 billion worth of Chinese goods.
The statement said China reserves the right to apply "other countermeasures".
Southeast Asian nations are set to announce agreement with China on a working text for negotiations over a code of conduct to ease tension in the disputed South China sea at a meeting that began on Thursday.
A draft communique seen by Reuters shows the 10-member Association of Southeast Asian Nations (ASEAN) also aims to soon reach a cybersecurity deal with Russia, which the United States has accused of election meddling, following hacks in the region.
The US has designated three Pakistanis linked to the LeT, the outfit responsible for carrying out the 2008 Mumbai attack, as global terrorists to shut down the militant group’s financial network and curtail its ability to raise funds to carry out violent terrorist attacks.