Turkey, wildfire
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After extreme heat hits many parts of southern Europe in another heatwave, conditions should improve for holidaymakers.
Turkey's central bank on Thursday cut its key interest rate by three points points to 43%, returning down the path of monetary easing. The step marked the first rate reduction since April, when the bank hiked rates to 46% in the wake of the controversial arrest of Istanbul Mayor Ekrem Imamoglu, which sent the Turkish lira tumbling.
Turkish officials say Syria’s interim government has requested Turkey’s help to boost its defense capabilities.
Britain signed a preliminary deal allowing Ankara to operate the jets while Germany approved delivery of 40 of them to Turkey, which has relied on both foreign purchases and its own defence industry projects, including domestic jets, to ramp up deterrence. Beyond the Eurofighters, Ankara is also in talks with Washington to purchase 40 F-16s.
The central bank said it would lower its benchmark rate to 43% from 46%, restarting an easing cycle that had been disrupted by a political furor.
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Ankara deports an Egyptian national as it seeks possible regional cooperation with Cairo, including in Libya and Syria