ISTANBUL: On Wednesday, more than a week after President Recep Tayyip Erdogan’s reelection, the Turkish lira hit a new low versus the US dollar. Prior to the presidential election, the central bank had supported the currency, but at roughly 0645 GMT, it had fallen 5% to 22.77 lira to theContinue Reading
Prior to a yearly software developer conference, Apple Inc. (AAPL.O) shares reached a new high for the first time in 17 months on Monday, while their market value fell short of an all-time high of $3 trillion. Later in the day, Apple is predicted to unveil a mixed-reality headset, markingContinue Reading
Pak Suzuki Motor Company Ltd. (PSMCL), the country’s largest producer of light trucks and cars, pleaded with Prime Minister Shehbaz Sharif not to impose “new duties and taxes” in the upcoming budget for 2023–24, citing its struggles and setbacks as a result of “economic uncertainties.” The auto assembly firm, accordingContinue Reading
The U.S. National Security Agency (NSA) was planning to exploit specifically created backdoor flaws in Apple phones, according to a report released on Thursday by Russia’s Federal Security Service (FSB). This malware was previously undisclosed. Several thousand Apple phones, including those of domestic Russian users, have been infected, according toContinue Reading
An alleged lease disagreement led Malaysian officials to confiscate a Boeing 777 from Pakistan International Airlines (PIA). A Malaysian court ordered the seizure of the BMH-registered aircraft due to the non-payment of $4 million. A PIA aircraft has already been intercepted in this manner twice. After the passengers boarded, anContinue Reading
Reuters (Reuters) – Foreign investors who left Russia after selling their firms there between March 2022 and March 2023 withdrew almost $36 billion, according to the state RIA news agency, citing statistics from the Central Bank. In reaction to Moscow’s invasion of Ukraine in February 2022, many of the world’sContinue Reading
Temasek Holdings (TEM.UL), a Singapore-based state investor, announced on Monday that it has reduced remuneration for the team that proposed its investment in the now-defunct FTX bitcoin exchange, as well as its top management team. Temasek started an internal examination of its stake in FTX six months ago, which resultedContinue Reading
ANKARA/LONDON (Reuters) – Turkey’s lira has hit a record low before of the country’s election decision on Sunday, with investors apprehensive about what may happen if Tayyip Erdogan gains another decade in power. ‘Erdonomics,’ as the 69-year-old president’s unconventional, growth-seeking policies are known, have pushed the lira down 80% inContinue Reading
According to a document obtained by Reuters, a high-level gathering in Paris next month will spell out a $100 billion proposal to encourage investors to put more money into climate and development finance in less developed nations by offering currency guarantees. Prior to the “Summit for a New Global FinancingContinue Reading
Sotheby’s reported Friday that seven non-fungible tokens from failed cryptocurrency hedge firm Three Arrows Capital had sold for around $2.5 million. “Fidenza #725,” an artwork with geometric dashes and curves in a subtle palette of cream, yellow, pink, and black, won the highest price of the tokens, fetching more overContinue Reading
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