Turkish lira falls to record low against U.S. dollar

By Ritu, Capital Sands Turkey’s lira fell to a record low against the U.S. dollar on Thursday after traders interpreted comments from a Federal Reserve policy maker as ruling out a Fed swap line to cushion Ankara’s depleted reserves. Thursday’s fall to 7.25 pushed it beyond the record low hit duringContinue Reading

High U.S. unemployment, 2.5 million jobs lost through 2021

By Ritu, Capital Sands After a widely expected and sharp drop in the U.S. economy over the next three months, a panel of top business economists sees high joblessness persisting for more than a year in an outcome that would douse hopes for a quick, post-pandemic return to normal. TheContinue Reading

PM Johnson 'getting better' in intensive care as UK extends overdraft

By Ritu, Capital Sands British Prime Minister Boris Johnson was getting better on Thursday in intensive care where he is battling COVID-19 as his government extended its overdraft facility and reviewed the most stringent shut down in peacetime history. Johnson, 55, was admitted to St Thomas’ hospital on Sunday eveningContinue Reading