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anime_titties @lemmy.world
WithoutReason @lemmy.world

In Turkey, Erdogan Signals Shift to Conventional Economics

Turkey’s central bank sharply raised interest rates on Thursday, the clearest sign yet that President Recep Tayyip Erdogan is shifting his country toward more orthodox economic policies in the hope of taming a painful cost-of-living crisis.

The spike in rates, to 15 percent from 8.5 percent, came less than a month after Mr. Erdogan, Turkey’s dominant politician for two decades, won a third presidential term despite a challenge from a newly unified opposition, high inflation that has left many Turks feeling poorer and catastrophic earthquakes in February that killed more than 50,000 people.

Members of Turkey’s opposition had feared that Mr. Erdogan would capitalize on his victory to crack down on his opponents and further consolidate power. But to date he has made no drastic moves and has largely stuck to his previous positions, including the use of Turkey’s membership in NATO to block Sweden from joining the alliance.

His largest shift has been in economic policy, an apparent effort

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WithoutReason @lemmy.world

Modi State Visit: Modi and Biden Meet in India to Strengthen India-U.S. Relations

Biden welcomes India’s prime minister despite concerns over human rights.

President Biden emphasized common ground with Prime Minister Narendra Modi of India on Thursday during a lavish state visit meant to bolster ties with the world’s most populous nation, while largely skirting points of friction over human rights and Russia’s war in Ukraine, at least in public.

After a pomp-filled, red-carpet arrival ceremony, Mr. Biden and Mr. Modi announced a range of initiatives to advance cooperation in technology, energy and military hardware but revealed no movement toward each other on the areas of disagreement that have strained the relationship in recent months, most especially Ukraine.

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WithoutReason @lemmy.world

Early stages of Ukrainian counteroffensive ‘not meeting expectations,’ Western officials tell CNN

In its early phases, Ukraine’s counteroffensive is having less success and Russian forces are showing more competence than western assessments expected, two western officials and a senior US military official tell CNN.

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WithoutReason @lemmy.world

Report accuses Israel of ‘silencing civil society’ by outlawing human rights groups

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WithoutReason @lemmy.world
anime_titties @lemmy.world
WithoutReason @lemmy.world

UN chief says fossil fuels are "incompatible with human survival" as world breaks temperature records