Turkey’s troubled lira shed a further five per cent against the dollar on Monday after President Recep Tayyip Erdogan cited Muslim teachings to justify not raising interest rates to stabilise the currency. Erdogan has pushed the central bank to sharply lower borrowing costs despite the annual rate of inflation soaring to more than 20pc. Economists مزید پڑھیں

Britain reported a surge in cases of the Omicron coronavirus variant on Saturday which government advisors said could be just the tip of the iceberg, and London’s mayor declared a “major incident” to help the city’s hospitals cope. The number of Omicron cases recorded across the country hit almost 25,000 as of 1800 GMT on مزید پڑھیں

Saudi delegates reached Islamabad on Friday to attend an extraordinary session of the Organisation of Islamic Cooperation (OIC) Council of Foreign Ministers, scheduled to take place on December 19, to discuss the situation in Afghanistan. The moot was proposed by Saudi Arabia last month, following which Pakistan had welcomed the move and offered to host مزید پڑھیں

The annual US report on terrorism has recognised Pakistan’s efforts in 2020 to counter terror financing and restrain Indian-backed militant groups from conducting attacks in Pakistan. In the report, US Secretary of State Antony Blinken stated that Pakistan has made some important contributions to the Afghan peace process, such as encouraging the Taliban to adopt مزید پڑھیں

The US House of Representatives voted on Tuesday to approve a Democratic proposal for a US State Department office to address anti-Muslim bias, after a Republican congresswoman used an Islamophobic slur against a Democratic colleague. The House backed the bill in a party-line vote of 219-212. The bill, authored by Representative Ilhan Omar, would create مزید پڑھیں

Chinese President Xi Jinping supported Russian President Vladimir Putin in his push to get Western security guarantees precluding Nato’s eastward expansion, the Kremlin said on Wednesday after the two leaders held a virtual summit. Putin and Xi spoke as Moscow faces heightened tensions with the West over a Russian troop buildup near Ukraine’s border. In مزید پڑھیں

Twelve former US generals and ambassadors have urged the Biden administration to help rebuild a banking system in Afghanistan to prevent a total collapse of the Afghan state. “In addition to food and medicine, Afghanistan needs a stable medium of exchange and a functioning banking system to avoid experiencing widespread economic and governance failure,” they مزید پڑھیں

With more cases of the omicron coronavirus variant are being reported across Europe, countries are bracing for a new wave and weighing additional measures. “There is a tidal wave of omicron coming,” UK Prime Minister Boris Johnson on Sunday warned, urging citizens to receive COVID-19 booster shots. Only a day after this warning, Johnson confirmed مزید پڑھیں

The United States said on Wednesday it was ready to move forward with the sale of F-35 fighter jets and drones to the United Arab Emirates after Abu Dhabi told Washington it would suspend talks on the $23-billion deal that also includes munitions. The deal was signed under then-President Donald Trump after the UAE forged مزید پڑھیں

Russia on Monday vetoed a first-of-its-kind UN Security Council resolution casting climate change as a threat to international peace and security, sinking a years-long effort to make global warming more central to decision-making in the UN’s most powerful body. Spearheaded by Ireland and Niger, the proposal called for incorporating information on the security implications of مزید پڑھیں