Emerging markets
Saudi crown prince’s visit to Turkey signals an ‘utterly remarkable’ posture change for Erdogan
Turkish President Recep Tayyip Erdogan R welcomes Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud in Ankara, Turkey, on June 22, 2022. Mustafa Kaya/Xinhua via Getty Images DUBAI, United Arab Emirates — Saudi Arabia’s Crown Prince Mohammed bin Salman has visited Turkey for the first time in years, marking a rapprochement between two of […]
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Russia’s ruble is at its strongest level in 7 years despite massive sanctions. Here’s why
Russian one ruble coin and Russian flag displayed on a screen are seen in this multiple exposure illustration photo taken in Krakow, Poland on March 8, 2022. Jakub Porzycki | Nurphoto | Getty Images Russia’s ruble hit 52.3 to the dollar on Wednesday, an increase of roughly 1.3% on the previous day and its strongest […]
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United Arab Emirates bans Pixar’s new Buzz Lightyear movie from theaters
Tim Allen and Tom Hanks voice Buzz Lightyear and Sheriff Woody in Pixar’s “Toy Story.” Disney DUBAI, United Arab Emirates — Disney Pixar’s animated movie “Lightyear” hits theaters this week and is expected to draw enthusiastic “Toy Story” fans from a number of countries around the world. Not in the United Arab Emirates, though. The […]
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The world will face ‘a severe food crisis and famine,’ Zelenskyy says
Ukraine’s President Volodymyr Zelenskyy addresses participants at Singapore’s Shangri-La Dialogue summit virtually via a video link on June 11, 2022. Roslan Rahman | Afp | Getty Images SINGAPORE — Ukraine President Volodymyr Zelenskyy warned that the world will face a “severe food crisis,” with Russia’s war on his country dragging on, as he virtually addressed the […]
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CNBC Pro Talks: Buffett disciple and veteran investor Mohnish Pabrai shares his latest market strategy
Join the upcoming Pro talks , as CNBC’s Tanvir Gill speaks to Mohnish Pabrai, value investor and managing partner of Pabrai Investment Funds, on his current market outlook, his playbook on what to buy and what to avoid. Pabrai will also share his top stock picks and his strategy around tech volatility. A stream of […]
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Cheap valuations, strong growth: Fund manager says it’s time to buy Vietnam stocks
This photo from Oct. 2021 shows motorcyclists waiting at a Covid-19 border checkpoint between Ho Chi Minh City and Long An province, in Ho Chi Minh City, Vietnam. The country’s benchmark VN index has fallen around 14% year-to-date as of Monday’s close. Maika Elan | Bloomberg | Getty Images Vietnam’s stock index has fallen more […]
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Food price inflation rocks the Middle East’s economies, pushing up risk of social unrest
Local government officials and a Ukrainian soldier inspect a grain warehouse earlier shelled by Russian forces on May 06, 2022 near the frontlines of Kherson Oblast in Novovorontsovka, Ukraine. John Moore | Getty Images Rising prices of food and energy are reverberating through Middle Eastern and North African economies, a new S&P Global Ratings report […]
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Turkey’s inflation soars to 73%, a 23-year high, as food and energy costs skyrocket
A man sells slippers in Eminonu on May 5, 2022, in Istanbul, Turkey. The country has enjoyed rapid growth for years, but President Erdogan has for years refused to meaningfully raise rates to cool the resulting inflation. The result has been a plummeting Turkish lira and far less spending power for the average Turk. Burak […]
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Israel signs historic trade deal with UAE, its biggest with any Arab country
Israeli national flags fly alongside United Arab Emirates national flags on the side of a road in Netanya, Israel, on Monday, Aug. 17, 2020. Kobi Wolf | Bloomberg | Getty Images DUBAI, United Arab Emirates — Israel and the United Arab Emirates on Tuesday penned a multi-billion dollar free trade agreement, the latest product of […]
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Saudi finance minister warns of growing global food crisis caused by Ukraine war
Mohammed Al-Jadaan, Saudi Arabia’s finance minister, at the World Economic Forum in Davos, Switzerland Jason Alden | Bloomberg | Getty Images Several countries are raising the alarm over the growing crisis in global food supplies triggered by Russia’s invasion of Ukraine. The warring states are among the world’s top agricultural exporters and feed much of […]
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