What to know about avian influenza in dairy cows and the risk to humans
Why is H5N1, or bird flu, a concern, how does it spread, and is there a vaccine? Here are the answers to some frequently asked questions about avian influenza.
Turkiye's lira hit fresh record lows against the dollar on Monday, though stocks rallied, after President Tayyip Erdogan secured victory in Sunday's presidential election, extending his increasingly authoritarian rule into a third decade.
The lira weakened to 20.077 to the dollar, breaking through the previous record low touched on Friday.
The lira has slumped more than 7 per cent since the start of the year, and lost more than 90 per cent of its value over the past decade, with the economy in the grip of boom-and-bust cycles and rampant bouts of inflation.
Since a 2021 currency crisis, Turkish authorities have taken an increasingly hands-on role in foreign exchange markets with daily moves becoming unnaturally small while FX and gold reserves have dwindled.
"In our view, Erdogan's biggest challenge is Turkiye's economy," said Roger Mark, analyst with Ninety One. "His victory comes against a backdrop of perilous economic imbalances, with his heterodox economic model proving increasingly unsustainable."
Erdogan prevailed despite years of economic turmoil which critics blame on unorthodox economic policies which the opposition had pledged to reverse.
Meanwhile, stocks enjoyed gains with the benchmark BIST-100 index up nearly 5 per cent and banking index rising by 4 per cent. The share of foreign asset managers holding Turkish stocks has dwindled in recent years and the market is chiefly driven by local investors.
Still, analysts said it would be tough to hold the gains amid broader economic troubles.
"I was expecting a short-lived rally once the uncertainty of regarding the elections ended," said investment strategist Tunc Satiroglu, adding that he expected the bear market to resume in the coming days.
Erdogan's surprisingly strong showing in the first round of the election on May 14 had triggered a selloff in Turkiye's international bonds and a spike in costs to insure exposure to its debt via credit default swaps (CDS) amid fading hopes of a change in economic policy.
The nation's dollar bonds slipped to their lowest in at least six months last week, while CDS rose to a seven-month high.
On Monday, Turkiye's international bonds were steady while CDS were hovering at Friday's closing level TRGV5YUSAC=MG.
Barclays noted that Turkiye's external financing needs are limited in the coming months, due to an influx of summer tourist dollars and limited payments due until November.
Trading is expected to be thin on Monday, with many markets in Europe as well as the United States closed for holidays.
Reporting by Karin Strohecker and Canan Sevgili; Editing by Mark Heinrich, William Maclean
Why is H5N1, or bird flu, a concern, how does it spread, and is there a vaccine? Here are the answers to some frequently asked questions about avian influenza.
An Ontario man who took out a loan to pay for auto repairs said his car was repossessed after he missed two payments.
Royal commentator Afua Hagan writes that when King Charles recently admitted Catherine to the Order of the Companions of Honour, it not only made history, but it reinforced the strong bond between the King and his beloved daughter-in-law.
A Massachusetts man who told police he was exorcising a demon and performing a baptism when he shoved his father's head under water multiple times has been convicted of involuntary manslaughter in his death.
American troops will be spending more time training in the Far North, the new commander of Norad says, a strategy that fits 'hand-in-glove' with Canada's renewed focus on Arctic defence.
During a special winner celebration near their hometown, Doug and Enid shared the story of how they discovered they were holding a Lotto Max ticket worth $70 million and how they kept this huge secret for so long.
A new survey by Dalhousie University's Agri-Food Analytics Lab asked Canadians about their food consumption habits amid rising prices.
It was evident to the federal government as early as last fall that Loblaw and Walmart might be holdouts to the grocery code of conduct, jeopardizing the project's success.
Charlie Woods failed to advance in a U.S. Open local qualifying event Thursday, shooting a 9-over 81 at Legacy Golf & Tennis Club.
Mounties in Nanaimo, B.C., say two late-night revellers are lucky their allegedly drunken antics weren't reported to police after security cameras captured the men trying to steal a heavy sign from a downtown business.
A property tax bill is perplexing a small townhouse community in Fergus, Ont.
When identical twin sisters Kim and Michelle Krezonoski were invited to compete against some of the world’s most elite female runners at last week’s Boston Marathon, they were in disbelief.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.