Turkey’s veteran leader Recep Tayyip Erdoğan on Monday led a hotly contested election to extend his rule into a third decade, defying polls to enter an expected run-off for the presidency with momentum on his side. After a hard-fought campaign that had raised hopes of an opposition breakthrough, Erdoğan won 49.3 per cent of votes
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Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Bolivia mulls using the Chinese yuan in international trade settlements, inflation reaches 108.8% in Argentina, and Steve Hanke states he can eliminate Venezuela’s inflation in 30 days. Bolivia Mulls Using
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James Anderson, the maverick fund manager, is returning to full-time investing a year after retiring from Baillie Gifford and is teaming up with the Agnelli family holding company for an entrepreneurial venture. Lingotto Investment Management, a new $3bn firm that is owned by Exor, has appointed Anderson to its team of investors. He will launch
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The writer is a partner with Delta Strategy Group. He was previously chief economist at the Securities and Exchange Commission Following weeks of declining prices for US regional bank stocks, short selling of equity shares is once again coming under scrutiny with calls for more regulatory oversight of the practice. In a letter to clients
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The story of troubled American cities left with empty office buildings post-pandemic is well known. What’s less well understood is that this is really a tale of two cities — downtown, and everywhere else. While many commercial business districts are struggling, their urban outer rings are often thriving. Call it “the donut effect”. Academics Arjun
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Almost half the companies on the UK’s FTSE 350 index do not have a publicly available code of ethics, fuelling concern that staff will not feel safe sounding the alarm over misconduct. The number of companies that publish their ethics codes is significantly lower in the mid-cap FTSE 250 index than the blue-chip FTSE 100,
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Chinese and French foreign ministers have expressed readiness to strengthen cooperation and pursue a “close and enduring comprehensive strategic partnership,” according to China’s Ministry of Foreign Affairs. This followed a “successful” meeting between French President Emmanuel Macron and Chinese President Xi Jinping. China and France to Strengthen Relations State Councilor and Foreign Minister Qin Gang
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Suella Braverman, home secretary, will on Monday reiterate the UK government’s commitment to bring down net migration as inflows are expected to hit a record high this year. Braverman will say in her keynote speech at the National Conservatism conference in London on Monday that she campaigned for Brexit because she wanted Britain to control
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Non-fungible token (NFT) sales witnessed a minor rise last week, registering a humble increase of around 1.46% compared to the preceding week. The cumulative value of NFT sales amounted to $149.31 million from April 29 to May 6, 2023. Nevertheless, the most recent week exceeded anticipations, as sales skyrocketed by 31.22%. Throughout the seven-day interval,
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Hello and welcome to the working week. There is a symmetry to the next seven days. We begin with the reaction to Turkey’s presidential and parliamentary elections and end next Sunday with another national vote in neighbouring Greece. In both cases, the ruling party has been on the ropes because of the government’s response to
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