Turkey’s inflation rate soars to almost 70 percent | Business and Economy News

Turkey’s inflation rate soars to almost 70 percent |  Business and Economy News

The consumer price index has risen by 69.97 percent year-on-year in April compared with 61.14 percent in March. Turkey’s official inflation rate has spiralled to nearly 70 percent in April, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil. The consumer price index rose … Read more

China makes semi-secret delivery of missiles to Serbia

China makes semi-secret delivery of missiles to Serbia

BELGRADE, Serbia (AP) — Russian ally Serbia took the delivery of a sophisticated Chinese anti-aircraft system in a veiled operation this weekend, amid Western concerns that an arms buildup in the Balkans at the time of the war in Ukraine could threaten the fragile peace in the region. Media and military experts said Sunday that … Read more