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Turkey lowers interest rate to 47.5 percent
Turkey lowers interest rate to 47.5 percent
by  AFP

Turkey's central bank lowered its key interest rate on Thursday, the first cut in nearly two years as it battles with double-digit inflation. The central bank began to raise interest rates last year to battle soaring prices, after President Recep Tayyip Erdogan dropped his opposition to orthodox monetary policy.

Asia stocks up as 'Santa Rally' persists
Asia stocks up as 'Santa Rally' persists
by  AFP

Asia's stocks rose in thin Boxing Day trade on Thursday, extending a "Santa Rally" with key markets Hong Kong and Sydney still shut for the holidays. Stock markets have traditionally fared well in the last five trading days of the year and the first two in the new year, a trend known as the "Santa Claus rally".

Taiwan blocks Uber-Foodpanda merger over monopoly concerns
Taiwan blocks Uber-Foodpanda merger over monopoly concerns
by  AFP

Taiwan has rejected ride-hailing giant Uber's plan to buy Delivery Hero's Foodpanda on the island, stating on Wednesday that the deal would significantly harm market competition. The US ride-hailing giant was aiming to acquire Foodpanda Taiwan by the first half of 2025 for US$950 million, merging the top two players in Taiwan's food delivery market.

Panamanians protest 'public enemy' Trump's canal threat
Panamanians protest 'public enemy' Trump's canal threat
by  AFP

Protesters in Panama on Tuesday burned an image of US President-elect Donald Trump following his threat to demand control of the country's interoceanic canal be returned to Washington. If Panama could not ensure "the secure, efficient and reliable operation" of the channel, "then we will demand that the Panama Canal be returned to us, in full, and without question," he said.