BREAKING: Turkey’s central bank cuts interest rates after President Erdogan made it clear he would not give up his push for lower borrowing costs trib.al/jYEzIDZ
The lira tumbles after Turkey's central bank cuts rates by 100 basis points to 15% trib.al/23IdHZP
Investors braced for another cut after Erdogan vowed to fight for lower rates.
Evoking Islamic teachings that prohibit usury, the comments were the latest iteration of his unorthodox mantra that high borrowing costs cause inflation rather than curbing it bloom.bg/3HAqguG
The Turkish lira falls to a record low after the central bank cut borrowing costs for a third straight month bloom.bg/3DsOtkg
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BREAKING: Germany’s Social Democrats and conservatives are in a dead heat in elections to choose Angela Merkel's successor trib.al/I2FGdtO
JUST IN: Front-runner Olaf Scholz's SPD and a conservative bloc led by Armin Laschet are tied on 25% of votes each in Germany, one exit poll shows bloom.bg/3ohfMZY
German election latest: A second exit poll gave Scholz and the SPD a narrow lead, putting them on 26% with the conservatives on 24%
BREAKING: China’s central bank says all cryptocurrency-related transactions are illegal trib.al/TkRBSWy
China sends the strongest signal yet on its determination to crack down on the crypto industry, saying all cryptocurrency-related transactions are illegal and must be banned bloom.bg/39DVaTa
All crypto currencies, including bitcoin and tether, are not fiat currency and cannot be circulated on the market, the People’s Bank of China says on its website. bloom.bg/39DVaTa
THREAD: MBA programs have a diversity problem and we’re tracking it ⬇️ trib.al/qZkag9E
The historic national reckoning on race that was triggered by the killing of George Floyd has touched off a reexamination of corporate America from top to bottom.
So we created a Diversity Index to our @BW Best of B-Schools list. Here are the top-ranked trib.al/pXUajXL
Some takeaways:
- Fewer than two dozen schools had enough Black and Hispanic students to equal their respective shares of the population
- For example, Hispanic students made up 9.4%, about half their share of the U.S. population trib.al/W7nPjH9
BREAKING: Indonesia becomes the second Asian nation to record over 100,000 Covid deaths trib.al/KWDTR7G
Indonesia joins 11 other countries — including Brazil and India — that have lost more than 100,000 lives in the pandemic that began last year, showing how the world’s epicenter for the virus is shifting beyond Europe and America to Southeast Asia trib.al/KWDTR7G
The Covid death toll has risen frighteningly fast for Indonesia.
More than a third of fatalities was recorded in July alone, when the highly transmissible delta variant took hold, overwhelming hospitals and depleting the supply of oxygen. More: trib.al/KWDTR7G
-A shot putter from Georgia tests positive for steroids and has been pulled from his event
-Cuba wins a surprise gold medal in the men’s canoe double 1,000 meters, ahead of China and Germany
-Indonesia's Greysia Polii and Apriyani Rahayu upset China to win women's doubles badminton gold
-Quiquampoix wins gold in rapid-fire pistol
-U.S. women's volleyball loses second player to injury
German cyclists shatter the world record in qualifying at the #TokyoOlympics, stopping the clock in 4:07.307 on the first day of the track cycling program
Follow the latest action from the #Olympics2021 trib.al/zNiv7EP (Photo by Odd Andersen/AFP via Getty Images)