BUSINESS

President Recep Tayyip Erdogan dropped his opposition to interest-rate hikes to combat soaring consumer prices

Turkish Inflation Exceeds 75% But Peak In Sight

Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan.
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Investors are keenly awaiting the release of US jobs data due later in the day

Global Stocks Rise, London Hits New Record

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.

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