The Treasury Department and the United Nations offered new protection for aid from sanctions meant to pressure the Taliban.
Tag: Economic Conditions and Trends
Cashing In Grandma’s Gold Coins, a Turkish Family Struggles to Get By
As inflation soars and the value of Turkey’s currency plummets, one couple described how working families can’t make ends meet and have had to cut back on basic necessities as well as life’s smaller pleasures.
Turkish Currency Hits a New Low, Again
The Central Bank has cut interest rates, even as inflation continues to soar, deepening President Erdogan’s disputed economic plan and setting off a new plunge in the lira.
Many Turks Can’t Afford Bread, and Bakers Can’t Afford to Make It
Squeezed by rising costs, price controls and plunging sales, bakers warn of ruin, while their impoverished former customers line up for government-supplied loaves.
Putin and Xi Hold Video Summit
President Vladimir V. Putin of Russia and President Xi Jinping of China, meeting in a video summit, sought mutual support in their conflicts with the West but have not yet declared a formal alliance.
How Inflation Affects Turkey’s Struggling Economy
Even before the pandemic, Turkey was trying to ward off financial meltdown. The crisis has accelerated as President Recep Tayyip Erdogan has doubled down on his unorthodox policies.
Workers in Europe Are Demanding Higher Pay as Inflation Soars
Prices are rising at the fastest rate on record, and unions want to keep up. Policymakers worry that might make inflation worse.
Macron and Scholz Meet and Call for More ‘European Sovereignty’
The new German chancellor made his first foreign stop in Paris, where the two leaders discussed a more independent, bolder Europe.
Turkey’s President Follows His Own Advice Even as Economy Slips
President Recep Tayyip Erdogan is increasingly isolated as he clings to an economic prescription that few endorse but that he believes will bear results before elections.
On Syria’s Ruins, a Drug Empire Flourishes
Powerful associates of Syria’s president, Bashar al-Assad, are making and selling captagon, an illegal amphetamine, creating a new narcostate on the Mediterranean.