Erdoganomics Pushes Turkey Credit Risk Above Junk-Rated Russia
Unpredictable politics and a clouding economic outlook have persuaded investors that Turkey’s debt is now a riskier bet than junk-rated Russia.The cost of insuring Turkish bonds against non payment jumped in May by the most in eight months, with five-year credit default swaps widening 33 basis points to 273, surpassing Russia for the first time since mid 2014. The two first crossed on May 4 as Turkish bonds retreated in the midst of a political row between President Recep Tayyip Erdogan and for..>> view originalChildren caught in the firing line as airstrikes target Syrian city
One of the strikes hit near a local hospital, according to the Syrian Observatory for Human Rights. Earlier reports that the hospital was struck directly were incorrect, said the Observatory's Rami Abdulrahman. A Syrian, he and others with the group are based in the United Kingdom, and communicate constantly with people on the ground in Syria. Video posted by the Syrian Civil Defense, a volunteer search-and-rescue operation in the country, showed responders digging through the rubble, searching ..>> view originalISIS reportedly uses hundreds of families as human shields to protect Fallujah
"Several hundred" innocent families were trapped in the center of the bloody battle for the Islamic State's Iraqi hub of Fallujah, used as human shields for the terror group, the United Nations refugee agency warned on Tuesday as a leading aid group called it a "human catastrophe." The fighting left at least seven members of one family dead or wounded on Saturday, UNHCR spokesperson William Spindler told reporters. An estimated 50,000 people remained trapped. "They are locking some families dow..>> view original'Neo-Nazis' wearing sausage necklaces lob meat at vegans in cafe brawl
Kiwi Café sits on the outskirts of Tbilisi, the capital city of the former Soviet republic of Georgia. It is the type of vegan bistro that serves veggie burgers and falafel, with posters on its walls advertising homemade lemonade and a variety of teas in a black marker scrawl. Pro-animal-rights slogans — “Meat’s not green” and “Animal testing breaks hearts” — dot the windows between its lime-colored facade. Neither the cafe nor its pierced and dreadlocked patrons would elicit a second glance in..>> view originalEuro 2016 football tournament in France could be terror target, US warns
Image copyright Reuters Image caption France is currently under a state of emergency following Islamist militant attacks The US has warned that the Euro 2016 football championship being held in France next month could be a target of militant attacks."The large number of tourists visiting Europe in the summer months will present greater targets for terrorists," the State Department said.The event is being hosted from 10 June to 10 July at various venue..>> view originalEU referendum: TUC says Leave vote would hit wages
Image copyright Getty Images Average UK wages would be £38 a week lower by 2030 if the UK votes to leave the EU, the Trades Union Congress says.The pro-Remain organisation is also warning manufacturing jobs would go and employments right be put at risk.TUC general secretary Frances O'Grady said trade and investment would be affected by an EU exit.But another union chief, the RMT's Mick Cash, said the EU had pursued a "race to the bottom" on workers' rights and could never be reformed.Public..>> view originalGotthard Base Tunnel: Switzerland Poised To Unveil World's Longest Rail Tunnel Under Alps
Switzerland is poised to overtake Japan’s 33-mile-long rail tunnel Wednesday by unveiling the 35-mile twin-bore Gotthard base tunnel running under the Alps. The tunnel will be officially opened after almost 20 years of construction.The Gotthard base tunnel, its initial design conceived nearly seven decades ago, will transform freight movement on the continent, according to Switzerland, which has doled out 12 billion Swiss francs ($12 billion) for the project. When it officially opens, the tunne..>> view originalIsrael's settlement drive is becoming irreversible, diplomats fear
MITZPE YERICHO, West Bank In the hills east of Jerusalem, overlooking the Palestinian city of Jericho and the Jordan Valley, stands a religious Jewish settlement whose red-tile roofs, neat gardens and brightly colored playgrounds give the sense of permanence.Mitzpe Yericho has stood on this escarpment close to the Dead Sea - the lowest point on earth - since 1978. It is one of more than 230 settlements Israelis have built on occupied land in the West Bank and East Jerusalem over the past half-..>> view original
Wednesday, June 1, 2016
Erdoganomics Pushes Turkey Credit Risk Above Junk-Rated Russia and other top stories.
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