Turkey has structure for default scenario, Says Saxo Bank’s Hardy
03 August 2018 | 3:43 pm
John Hardy, head of FX strategy at Saxo Bank, discusses the state of the Turkish economy as inflation hits a 15 year high.
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Tanzanian traders doing business in Kenya have raised concerns that the weekly demonstrations by the opposition are negatively affecting their business. Kenya is the main destination for Tanzania's corn exports.
Disney CEO Bob Iger has criticised Florida governor and Republican presidential hopeful Ron DeSantis as being "anti-business" and "anti-Florida". The comments are part of an ongoing feud between the entertainment giant and DeSantis that started when Disney voiced its opposition to a state law banning education on LGBT issues in schools.
We take a look at the fallout from a leak of secret Pentagon documents and how it differs from previous intelligence dumps. The press is also expressing praise and concern on the 25th anniversary of the Good Friday peace accords. We then look into reactions to French President Emmanuel Macron's comment that Europe needs "strategic autonomy" from the US. Finally, we find out about an elderly bank robber and a slumdog billionaire art project.
Viral photos appear to show a beached shark in the United States being rescued by local residents. But that is what the social media posts want people to think. The photos are actually fake, generated by artificial intelligence software, and their creator seemingly wants to take advantage of the confusion. We tell you more in this edition of Truth or Fake.
South African Reserve Bank Governor Lesetja Kganyago discusses the central bank's recent surprise move to hike interest rates and concerns about movements in the currency.
Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions".
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In a widely-anticipated report into the collapse of the bank favored by tech startups, the US central bank blamed the company's inability to manage risks and a lack of regulatory oversight.
Germany's largest ethical bank is selling a multimillion-dollar bond to invest in threatened media companies and promote journalistic independence in Eastern Europe. Both press freedom and investors are set to benefit.
Khat lovers in Kenya continue enjoying their favorite plant — also known as miraa — despite its classification as a drug in many countries. Trading miraa is a lifeline for some Kenyans, and they can't afford to quit.
Deutsche Bank has agreed to pay $75 million to settle a lawsuit that accused the lender of aiding and benefitting from late financier Jeffrey Epstein's sex-trafficking ring. Also, the EU rolls out plans for the biggest-ever overhaul of its customs union, while Brussels and London take steps to harmonise their financial regulations.
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