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Turkish lira's long decline a symbol of strife - Markets - Vimarsana News

Turkish lira's long decline a symbol of strife - Markets

LONDON/ANKARA: As Turkey’s lira hit a record low ahead of the country’s election decider on Sunday, the currency is...

Turkish Lira's Long Decline a Symbol of Strife - Vimarsana News

Turkish Lira's Long Decline a Symbol of Strife

As Türkiye's lira hit a record low ahead of the country's election decider on Sunday, the currency is looking increasingly dysfunctional with investors concerned about what may be in store if Recep Tayyip Erdogan secures another decade in power. "Erdonomics", as the 69-year old president's unorthodox, growth-chasing policies are often dubbed, have driven the lira down 80% over the last five years, embedding an inflation problem and shattering Turks' confidence in their currency.

Source: aawsat.com
Turkish lira's long decline a symbol of strife - Vimarsana News

Turkish lira's long decline a symbol of strife

(Repeats with no changes to text) * Erdogan's unorthodox policies have spurred repeated crises * Lira has fallen 80% over last 5 years * Post election questions hang ov... | 03:03am

AI Boom: How Profits From the New Tech Could Shape the US Workforce - Vimarsana News

AI Boom: How Profits From the New Tech Could Shape the US Workforce

It's becoming clear that AI will likely boost productivity and profits for companies. But there's no guarantee workers will share in the wealth.

Turkey election runoff: Will 'autocrat' Erdogan extend his rule? - Vimarsana News

Turkey election runoff: Will 'autocrat' Erdogan extend his rule?

After two decades in power, Turkey's all-powerful leader Recep Tayyip Erdogan appears to have the upper hand in a presidential election runoff Sunday.