(This May 29 story has been refiled to fix a typographical error in paragraph 19) By Khalid Abdelaziz and Aidan Lewis DUBAI (Reuters) – Sudan’s warring military factions agreed on Monday to a five-day extension of a ceasefire agreement, after renewed heavy clashes and air strikes in the capital threw fresh doubts on the effectiveness…
By Steven Scheer JERUSALEM (Reuters) – Israel’s competition watchdog sought more data on Sunday from the country’s banks relating to an investigation, saying they were enjoying huge profits from higher interest rates on loans but weren’t adequately sharing the benefits with customers. The investigation, which began in 2022, wasn’t made public prior to Sunday. In…
By Daren Butler and Ezgi Erkoyun ISTANBUL (Reuters) – President Tayyip Erdogan and supporters on Monday revelled in an election victory lengthening his rule into a third decade while Turkey’s opposition, which once counted on winning, braced for “difficult days” against an increasingly autocratic government. His rival Kemal Kilicdaroglu said it was “the most unfair…
By Arathy Somasekhar HOUSTON (Reuters) – Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world’s top oil consumer against further Federal Reserve interest rate hikes that could curb energy demand. Brent crude futures settled up 12 cents, or…
By Raneen Sawafta and Ronen Zvulun JENIN/HOMESH, West Bank (Reuters) -Israeli forces killed a Palestinian security officer during clashes in the occupied West Bank flashpoint city of Jenin on Monday, the Palestinian Fatah faction said in a statement. The Israeli military said its forces had come under heavy Palestinian fire while seeking the arrest of…
By Karin Strohecker and Libby George LONDON (Reuters) – The top policymaker picks of Turkey’s re-elected president Tayyip Erdogan are taking centre stage as markets try to gauge whether he will change course towards economic orthodoxy or double down on policies widely viewed as unsustainable. Erdogan is widely expected to use his victory in Sunday’s…
By Steven Scheer JERUSALEM (Reuters) – Nvidia Corp said on Monday it was building Israel’s most powerful artificial intelligence (AI) supercomputer to meet soaring customer demand for AI applications. Nvidia, the world’s most valuable listed chip company, said the cloud-based system would cost hundreds of millions of dollars and be partly operational by the end…
By Issam Abdallah and Burcu Karakas ANKARA/ISTANBUL (Reuters) – President Tayyip Erdogan’s election victory showed the magnetic hold he still has over millions of Turks after 20 years in power, with many believing he is the man best placed to fix problems which critics say are partly of his own making. Hundreds of thousands of…
By Deniz Uyar ISTANBUL (Reuters) – Merve Dizdar, best actress winner at the Cannes Film Festival, returned to Turkey on Sunday and was met both by cheering fans and sharp criticism, highlighting the extreme polarisation in the country. Dizdar, who delivered an emotional speech on the struggle of women in Turkey upon receiving her prize…
By Can Sezer, Ali Kucukgocmen and Huseyin Hayatsever ANKARA (Reuters) -President Tayyip Erdogan extended his two decades in power in elections on Sunday, winning a mandate to pursue increasingly authoritarian policies which have polarised Turkey and strengthened its position as a regional military power. His challenger, Kemal Kilicdaroglu, called it “the most unfair election in…
