Emerging markets

Vietnam’s top leader Nguyen Phu Trong dies at 80 after long rule

Vietnam’s ruling Communist Party chief Nguyen Phu Trong died on Friday after holding the country’s most powerful position for 13…

Wealth in Turkey grew the most in the world at 157% despite soaring inflation, according to ranking

Turkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a…

Iran has voted in a reformist president — but change remains distant

Iran on Friday elected its first “reformist” president in 20 years, signaling many voters’ rejection of hard-line conservative policies amid…

Iran elects reformist Masoud Pezeshkian in presidential runoff vote

Iran elected Masoud Pezeshkian to its presidency, in an unexpected victory for the country’s reformist camp amid deep social discontent,…

Financial crimes watchdog removes Turkey from money laundering ‘gray list’

The Financial Action Task Force, an international watchdog organization dedicated to combating money laundering and illicit cash flows, on Friday…

Iran’s upcoming snap elections: A battle of anti-western hardliners

Iran is holding snap elections on June 28 following the sudden death of former Iranian President Ibrahim Raisi in a…

Dubai Mall, one of the world’s largest, is getting even bigger with a $400 million expansion

DUBAI, United Arab Emirates — The Dubai Mall, one of the largest malls in the world, is set to get…

U.S. ignored evidence major U.K. bank was helping fund sanctioned Iranian groups, whistleblower says

Recent documents submitted to a U.S. federal court allege that major British bank Standard Chartered helped finance sanctioned Iranian entities…

Turkey’s inflation passes 75% in what economists believe is peak

Inflation in Turkey topped 75% in May, up from 69.8% in April, in what economists expect to be the peak…

Turkey’s inflation accelerates to nearly 70% in April

Turkey’s inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. The highest consumer…