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Turkish central bank cuts rates for third month
Turkish central bank cuts rates for third month
by  AFP

Turkey's central bank on Thursday cut its policy rate for the third consecutive month despite plunging lira and an annual inflation rate that has soared over 83 percent. The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for "as long as I am in power".

EU leaders fight for common ground on energy prices
EU leaders fight for common ground on energy prices
by  AFP

EU leaders are set for tough talks on how to handle Europe's energy shock Thursday, with capitals at loggerheads over imposing a cap on gas prices pushed skywards by the war in Ukraine. But German Chancellor Olaf Scholz on Thursday again rejected any attempt by the EU to cap prices on gas imports saying it "carries the risk that producers will then sell their gas elsewhere."

First-ever licencing deal struck for cancer drug
First-ever licencing deal struck for cancer drug
by  AFP

Pharmaceutical giant Novartis has signed a licensing agreement increasing access to a vital leukaemia treatment, a UN-backed public health organisation said Thursday, marking the first-ever such agreement for a cancer drug.

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