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Turkey inflation rate hits 14 year record high

Ankara – Turkey’s statistical office (Turkstat), reports that inflation in the country soared to its highest level since February 2004, landing at a rate of 12.98% in November. A strong domestic demand for goods, plus a weakened supply, as well as a sharp drop in the value of Turkey’s currency, the lira, contributed to the high rate. Turkey also has reinstated taxes on
Asia

Beijing forces thousands from their homes

The 50-something cook and cleaner is one of thousands of people critics say have been forced from their homes in the past two weeksas part of a drive by the municipal government to shut down what it claims is unsafe and overcrowded housing.Now homeless, she's selling all her possessions and preparing to return to her village — hundreds of miles away in Henan province
Asia

Hospital loses license after mistakenly declaring newborn dead

The baby boy was born at the Max Super Specialty Hospital in Shalimar Bagh, New Delhi on November 30 and mistakenly pronounced dead two hours after birth, the boy's grandfather, Praveen Malik, told CNN. The newborn was then moved to the Delhi New Born Center, but unfortunately passed away on Wednesday morning.Speaking with CNN after the baby's death on Wednesday,
Asia

Indonesia faces ban against Bitcoin and other forms of cryptocurrency

Jakarta – On Thursday, Indonesia’s central bank publicly issued a policy regulating cryptocurrencies to protect the country’s economy. The policy prohibits financial technology (fintech) companies from using cryptocurrencies “in payment system [and] activities.” The regulation was signed Nov. 29, and will be enforced beginning Jan. 1, requiring each fintech agency involved