A significant element in Erdoğan’s calculations is that he can promote a climate of fear to enable the AKP to secure a parliamentary majority in any new elections.
Turkish fighter jets struck three Islamic State targets in Syria early Friday morning, a response to intelligence suggesting a likely attack from the group, government officials said.
Greece’s main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since June to react to the country’s latest economic crisis.
Don Gimbel, global portfolio manager of Geneva Advisors in Chicago – who oversees $9 billion – asks, “Why would anybody want to be invested in a controlled market?”
On Monday, the rout deepened after data showed Chinese manufacturing growth unexpectedly stalled in July and U.S. consumer spending advanced at its slowest pace in four months in June as demand for automobiles softened.
Rejecting the opposition’s charge the government had not reached out to them, Naidu said he had called a meeting of various parties on Friday morning as well but Congress backed out at the last moment and added that he was looking to call a meeting on Monday.