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ANKARA: A woman buys fish at a market in Ankara as Turkey's troubled lira nosedived after Turkish President cited Muslim teachings to justify not raising interest rates to stabilize the currency. Erdogan has pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to more than 20 percent. - AFP

Turkey's troubled lira rallies on 'backdoor capital controls'

ISTANBUL: Turkey's beleaguered lira extended its biggest rally of the year on Monday in response to a new rule that effectively forces many banks to part with some of their foreign currency. The banking regulation - announced after the market had closed on Friday night - represents Turkey's latest attempt to prop up the lira without raising the main interest rate. President Recep Tayyip Erdogan's pressure on the central bank to keep borrowing...

SINTRA: Technicians work at the esplanade of the Pena Palace in Sintra. Hard-hit Portugal has gradually eased a general lockdown.- AFP

Central bank chiefs meet to discuss inflation challenge

SINTRA: Central bank chiefs and economists gather Monday evening at their annual forum in southern Portugal to discuss the best approach to the inflationary challenges exacerbated by Russia's invasion of Ukraine. Some 200 delegates will attend the ECB Forum on Central Banking at a luxury hotel in Sintra, west of Lisbon, after two years of COVID-imposed virtual gatherings. When ECB President Christine Lagarde last attended this event, it was in...

QUITO: Aerial view of Ecuadorean government supporters holding a demonstration demanding for peace in northern Quito. - AFP

Shortages of key goods start to bite in protest-hit Ecuador

QUITO: Holding rotten peppers in her hands, Mariana Morales says she has been unable to open her stall at the Santa Clara market north of Ecuador's capital Quito for a week. Usually overflowing with fruits and vegetables, the market now is home to tarp-covered display cases, empty trays and deserted stalls - the effects of two weeks of nationwide Indigenous-led protests that are being felt far and wide. In Guayaquil, the country's second largest...

Sikh rapper Sidhu Moose Wala

Murdered rapper's song pulled from YouTube in India

YouTube has removed a viral music video in India released posthumously by murdered Sikh rapper Sidhu Moose Wala following a complaint by the government. The song "SYL" talks about the Sutlej-Yamuna Link (SYL) canal which has been at the center of a long-running water dispute between the late Sikh rapper's home state of Punjab and neighboring Haryana.The track, released posthumously on Thursday, also touches on other sensitive topics such as...

This file photo taken and handout by Essilor shows founder and chairperson of Italian eyewear manufacturer Luxottica, Leonardo Del Vecchio in Paris.- AFP

Billionaire Italian eyewear mogul Del Vecchio dead at 87

Italy's second richest man, eyewear magnate Leonardo Del Vecchio, has died aged 87 after building an optical empire that saw him buy up major brands like Ray-Ban, Persol and Oakley. Del Vecchio was one of Italy's most successful businessmen, building from scratch an international company that helped turn eyeglasses into a coveted-and pricey-fashion accessory.His fortune was worth an estimated $27.3 billion, according to Forbes' 2022 World's...

Models present creations for Celine during the Menswear Ready-to-wear Spring-Summer 2023 Fashion Week in Paris. — AFP photos

Menswear regains its muscle at Paris Fashion Week

Menswear proved to be in reinvigorated form as Paris Fashion Week ended on Sunday, with spectacle, innovation and the return of big-name designers to the catwalk. The week concluded with the surprising return of fabled French designer Hedi Slimane, formerly of Dior and Saint Laurent and now with Celine. Two years ago, he had announced he was done with the official fashion calendar.Slimane became hugely influential as a stylist and photographer...

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Kuwait congratulates women in diplomacy on their int'l day

KUWAIT: Foreign Minister Sheikh Dr Ahmad Nasser Al-Sabah congratulated Sunday Kuwaiti women diplomats on behalf of His Highness the Amir Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah and His Highness the Crown Prince sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah. This came in response to the United Nation's General Assembly decision to name June 24 the International Day for Women in Diplomacy, in recognition of the pivotal role of women in bolstering...

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Health Ministry inaugurates expat testing center in Mishref

KUWAIT: Health Minister Dr Khaled Al-Saeed launched the fifth Expatriates Examination Center at Kuwait International Fairgrounds in Mishref on Sunday. The center, the fifth of its kind in Kuwait, has a daily capacity of 1,000 cases. Dr Saeed toured the site to inspect work following the operational opening of the center as well as the organizational mechanisms that are followed. He said the opening of the new center is part of the ministry's...

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By Fajer Ahmed the incident that happened last week, a dramatic and violent beating of a young girl at her school by her father, it is time to review our laws in Kuwait when it comes to women's rights and try to understand why there are recurring harmful and inhumane incidents. Although they may be sporadic here and frequent in many other countries, they are still wrong and need to be addressed in our own country. As a lawyer, I would like...

Psychologist warns of negative impact of using children for social media fame

By Majd OthmanKUWAIT: Social media has become a place where people can achieve their desire to be famous and popular, and it helps to publicize people's talents. Some parents see it as a good opportunity to help boost their finances by opening a social media account for their children to attract advertisers and companies, despite some being very young, wanting their children to become famous.This kind of behavior by the parents can affect the...

KUWAIT: Health Minister Dr Khaled Al-Saeed inaugurates the fifth expat examination center at Mishref Fairgrounds with a daily capacity of 1,000 cases on June 26, 2022.

MoH aims to restrict clinics to Kuwaitis

KUWAIT: Senior officials revealed that the government’s plan to restrict public hospitals, polyclinics and health centers to Kuwaitis only is still among the main goals of the workplan of the government and health ministry, but practical means to achieve this target are not available yet.They said the plan aims at treating residents in the private sector, while public hospitals will be for citizens only, after criticisms by Kuwaitis of delays...

ELMAU CASTLE, Germany: (From left) European Council President Charles Michel, Italy's Prime Minister Mario Draghi, Canada's Prime Minister Justin Trudeau, France's President Emmanuel Macron, Germany's Chancellor Olaf Scholz, US President Joe Biden, Britain's Prime Minister Boris Johnson, Japan's Prime Minister Fumio Kishida and European Commission President Ursula von der Leyen pose for a family photo during the G7 Summit on June 26, 2022. - AFP

Allies ‘won’t splinter’, Biden vows at G7

ELMAU CASTLE, Germany: World powers on Sunday agreed to ban gold exports from Russia, kicking off a G7 meeting aimed at taking new steps to deplete Moscow’s war chest and bolster Ukraine’s defenses. US President Joe Biden and his counterparts from the world’s most industrialized nations are gathering at Elmau Castle in the German Alps before they continue on to Madrid for talks with NATO partners.They are seeking to close ranks for Ukraine...

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