If Recep Tayyip Erdoğan was rattled by the knife-edged nature of Turkey’s pivotal elections, with initial results suggesting that the president will be forced into a run-off for the first time, he did not show it when he addressed fervent supporters in the early hours of Monday morning. Instead, as he took to the balcony
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
Crypto Twitter was briefly set ablaze on May 14 with a suggestion that the world’s first real-world purchase made by Bitcoin may have been for a JPEG, not pizza. In a tweet from independent developer Udi Wertheimer, the Bitcoin advocate shared a screenshot showing what could have been the first-ever purchase using Bitcoin — even
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
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
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
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
When the 140-year-old steel industry in Teesside finally collapsed in 2015, it swept away 3,000 jobs and, with them, a political and economic anchor in the north-east of England. Two years later an ambitious young Conservative mayor, Ben Houchen, stepped into the resulting vacuum, promising that a public-private partnership would attract a new wave of
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,
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
The number of Bitcoin (BTC) wallet addresses holding one whole BTC or more has surpassed the one million mark. The one million wholecoiner milestone was reached on May 13, according to data from Glassnode. As the price of Bitcoin fell more than 65% over the course of last year, the number of wallet addresses holding
Harvard economics professor Kenneth Rogoff, who previously served as the chief economist at the International Monetary Fund (IMF), has warned that the U.S. defaulting on its debt obligations could spark a global financial crisis. “It’s a very perilous situation and we are in unknown waters,” he warned. Harvard Professor of Economics Kenneth Rogoff on U.S.
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a seasoned investment mogul, warns that it would be foolish to
Events: A four-day session of the UN Economic and Social Commission for Asia and the Pacific begins in Bangkok to discuss accelerating climate action for sustainable development. One way to reduce food waste is by converting edible scraps into apparel: “Transforming Waste to Wonder: Exploration of Food-Inspired Fashion” is the title of a seminar at
In today’s episode of let’s talk stocks, we are going to talk about the pennant stock chart pattern, which is a continuation pattern, which means it continues moving in the same direction that it originally came from. In this episode I’ll show you what this pattern looks like, some of its previous trends, the volume, projections,
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
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
Investors believe it is highly likely that the target rate will remain unchanged at the June 14 Federal Open Market Committee (FOMC) meeting, following the U.S. Federal Reserve’s decision to increase the federal funds rate by 25 basis points on May 3. As the battle against inflation in the U.S. rages on, the Biden administration
Bitcoin (BTC) sought to recover $27,000 into the May 14 weekly close as volatility picked up out of hours. BTC price gains over 7% in two days Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking to $27,200 on Bitstamp. Its highest in several days, the performance reflected gains of around 7.5% versus local