A man wearing a face mask walks past a bank’s electronic board showing the Hong Kong share index in Hong Kong, Tuesday, Oct. 12, 2021. Shares retreated in Asia on Tuesday as surging prices of oil, coal and other energy added to concerns over inflation. (AP Photo/Kin Cheung) Associated Press By ELAINE KURTENBACH World shares

A money changer holds Turkish lira banknotes at a currency exchange office in Ankara, Turkey September 27, 2021. REUTERS/Cagla Gurdogan By Reuters Turkey’s lira weakened on Monday to equal its record low level of 8.9750 against the dollar, which it set on Friday, weighed down by strength in the greenback as well lingering concerns over

Turkish Defence Minister Hulusi Akar gets off from an Air Force F16 jet after landing at a new airport under construction in Istanbul, Turkey September 22, 2018. REUTERS/Umit Bektas Reuters By Humeyra Pamuk and Mike Stone Turkey has made a request to the U.S. to buy 40 Lockheed Martin-made F-16 fighter jets and nearly 80

Credit to Reuters/General view outside St James’ Park Premier League in Newcastle United, Britain. By Reuters A Saudi-Arabian backed consortium completed its purchase of Premier League club Newcastle United on Thursday as a long-running takeover saga finally reached the conclusion the majority of the club’s supporters desired. Fourteen months after Saudi Arabia’s Public Investment Fund

Credit to Associated Press/Saudi Arabia’s Crown Prince Mohammed bin Salman. By Middle East Eye Deal edges nearer after consortium proves to Premier League that Saudi state will not have control of English football club A takeover of Newcastle United Football Club by a Saudi Arabia-backed consortium is reported to be close to being agreed, with

By Anadolu Agency Advanced economies likely to face moderate near-term inflation, emerging markets seem to be more sensitive, organization says The International Monetary Fund (IMF) on Wednesday said that higher inflation will likely continue in the coming months, but it would return to pre-pandemic levels by mid-2022. “The economic recovery has fueled a rapid acceleration

Cornwall Terrace is thought to be the most expensive row of houses in the world (Creative Commons) By Middle East Eye Family paid $160m through ‘elaborate offshore structure’ for three properties facing Regent’s Park to be combined into mansion Qatar’s ruling family bought three of the UK’s most expensive houses across from London’s Regent’s Park,

President Uhuru Kenyatta. By Business Daily Africa President Uhuru Kenyatta says he will soon respond in detail to revelations that his family has hidden a fortune in excess of $30 million (Sh3.3 billion) in overseas tax havens. The Kenyattas are part of the global elite whose offshore financial dealings have been laid bare in a

In this photo provided by U.S. Navy, the Virginia-class fast-attack submarine USS Missouri (SSN 780) departs Joint Base Pearl Harbor-Hickam for a scheduled deployment in the 7th Fleet area of responsibility, Sept. 1, 2021. Australia decided to invest in U.S. nuclear-powered submarines and dump its contract with France to build diesel-electric submarines because of a

Turkish Foreign Minister Mevlut Cavusoglu (R) meets with Head of the African Union Commission Moussa Faki Mahamat (L) in Ankara, Turkey on September 30, 2021. ( Cem Özdel – Anadolu Agency ) By Anadolu Agency Turkey’s foreign minister discussed strategic relations and global issues with the head of the African Union (AU) Commission on Thursday,