ISTANBUL—The Turkish lira skidded to another all-time low of 9.85 on Monday after President Tayyip Erdogan said he had ordered the expulsion of ambassadors from the United States and nine other Western countries, risking a diplomatic rift. Concerns over possible fallout for foreign investment, combined with unease over the central bank’s surprisingly sharp rate cut…
Turkish Lira Dives Deeper After Erdogan Seeks Expulsions
October 25, 2021
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Stocks Brace for Blockbuster Earnings Week, Pause After 8 Days of Gains
October 25, 2021
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LONDON—World stocks held their ground on Monday after eight consecutive sessions of gains, as traders weighed the prospects of strong corporate earnings in the backdrop of widening inflation risks from multi-year high crude oil prices. European stocks edged higher in early London trading while U.S. stock futures held firm as investors shrugged off the possible…
A Wyoming Farewell for Marine Killed in Afghanistan Bombing
JACKSON, Wyo.—Dozens of U.S. fellow Marines joined hundreds of Wyoming residents to bid a final farewell at a memorial for Rylee McCollum, one of 13 U.S. servicemen killed in a suicide bombing as they guarded a gate at a chaotic Kabul, Afghanistan airport during the final U.S. evacuation from that country. Many of the Marines…
Israeli Official Says Reopening of US Palestinian Mission in Jerusalem May Not Happen
JERUSALEM—Israel’s deputy foreign minister said on Sunday that the Biden administration may shelve its plan to reopen a U.S diplomatic mission for Palestinians in Jerusalem after Israel voiced opposition to such a move. The Jerusalem consulate was subsumed into the U.S. Embassy that was moved to the contested city from Tel Aviv in 2018 by…
Husband of Detained Iranian–British Woman on Hunger Strike
LONDON—The husband of UK charity worker Nazanin Zaghari-Ratcliffe, who has been detained for more than five years in Iran, has gone on a hunger strike again after a court decided she has to spend another year in prison. Richard Ratcliffe started his fast on Sunday outside the British government’s Foreign Office in central London. He…
Afghanistan Heading Towards Collapse Faster Than Expected, Swedish Minister Warns
DUBAI—Afghanistan will shortly collapse into chaos unless the international community acts rapidly, Swedish and Pakistani ministers warned on Saturday. Afghanistan plunged into crisis after the hardline Islamist Taliban movement drove out the Western-backed government in August triggering the abrupt end of billions of dollars in assistance to its aid-dependent economy. “The country is on the…
US Drops Tariff Threat in Digital Tax Transition Deal With European Countries
October 23, 2021
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PARIS/WASHINGTON—The United States on Thursday withdrew its threat of tariffs against five European countries over their digital services taxes as part of a deal to manage the transition to a new global tax regime for large highly profitable corporations. Austria, Britain, France, Italy, Spain will get to keep their digital taxes in place until a…
Israel Designates 6 Palestinian Rights Organizations as ‘Terrorists’
The Israeli Defense Ministry has designated six Palestinian civil society groups as terror outfits operating as part of a network run by the left-wing militant Popular Front for the Liberation of Palestine (PFLP). The organizations are accused of funneling international donor aid to fund PFLP activities that include carrying out deadly attacks against Israelis. PFLP,…
Senior al-Qaeda Leader Dead After US Strike in Syria: CENTCOM
A U.S. airstrike in northwest Syria has killed a senior al-Qaeda leader on Friday, the U.S. Central Command announced in a release. U.S. Army Maj. John Rigsbee, a CENTCOM spokesperson, said Abdul Hamid al-Matar was killed in the vicinity of Suluk in northwest Syria. The strike was conducted using an MQ-9 aircraft—an armed, remotely piloted aircraft….
Iran Holds Nationwide Air Force Drill Featuring US-made Fighter Jets
The Islamic Republic of Iran Air Force (IRIAF) kicked off a nationwide large-scale military drill on Oct. 21 that also included U.S-made F4’s and F5’s, according to local reports. The exercises, dubbed “Air Authority of Devotees of the Sky of Velayat,” are the 10th edition of the drills in Iran and included both manned and…
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