Turkish central bank cuts rates after failed coup
Turkish stocks and the lira have remained under selling pressure after a failed coup shook the country on Friday, now forcing the central bank to lower interest rates for the fifth consecutive month.
Latest in Tag: economic downturn Highlight
Latest in Tag: economic downturn
How one Egyptian family’s $6bn enterprise has spanned the globe
From the smallest of islands to one of the greatest expanses on Earth, Egypt’s Mansour Group has become a $6bn-plus international empire in just two generations. The Egyptian family firm, now the country’s second largest by revenues, has operations in 120 countries, with 60,000 staff, and is growing at 10-20 percent annually. Not bad for …
Sieren’s China: No boom, no crisis
China missed its growth target of 7 percent in the last quarter. But the Chinese economic downturn is not doing any harm to the German economy, says DW’s Frank Sieren. It took us months to get used to the new times in China, but some still winced when Chinese economic data for the third quarter …