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Turkey's inflation ticks up to 62%
Turkey's annual inflation rate ticked up slightly in November, the state statistics agency said on Monday, showing further signs of levelling off following a series of sharp interest rate hikes. The rate moved to 61.98 percent last month from 61.36 percent in October, the TUIK state statistics agency said.
'Where is our future': Uganda declares war on used clothing
For nearly three decades, the chaotic, overcrowded Owino secondhand market in Uganda's capital has been the cornerstone of Hadija Nakimuli's life, helping the widowed shopkeeper build a house and raise 12 children. second-generation shopkeeper Harriet Musoke Kyambadde asked, her voice trembling with indignation.
Bitcoin soars past $40,000 on optimism for US trading approval
Bitcoin on Monday rose past $40,000 for the first time since May last year, boosted by hopes that the United States will soon allow broader trading of the world's biggest cryptocurrency. Bitcoin has also been boosted by hopes that the US Federal Reserve has wrapped up its hiking programme and may cut interest rates next year.
What we know about Evergrande's financial future
A Hong Kong court on Monday gave Chinese property giant Evergrande until the end of January to put together a restructuring plan, offering the embattled firm much-needed breathing room as it teeters on the brink of bankruptcy.
Gold jumps to record on rate cut bets but equities struggle
Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.
US high court to hear challenge to $6bn Purdue opioid settlement
The US Supreme Court is to hear a challenge on Monday to Purdue Pharma's $6 billion opioids settlement immunizing the family that controlled the drugmaker from future litigation.
Chasing weight loss dream, many in US seek Ozempic alternatives
Like many Americans struggling to lose weight, Marissa Montanino felt compelled to try Ozempic or one of the other new so-called "wonder drugs" described as revolutionary in the fight against obesity. Over 40 percent of Americans suffer from obesity, reflecting a major health crisis and the massive market for new Ozempic-type drugs.
Indonesia's coal love affair still aflame despite pledges
Sania sits in front of her home in Indonesia, less than a kilometre from Southeast Asia's biggest coal complex, where chimneys pump dark grey smoke and a chemical smell into the air. The smell is terrible."
Alaska Airlines to buy Hawaiian Airlines for $1.9 bn
Alaska Airlines announced Sunday that it would buy Hawaiian Airlines for $1.9 billion, consolidating its position as the nation's fifth biggest carrier if it can attain regulatory approval. Federal regulatory approval of the purchase is not assured.
AFP
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