Turkey
An eye on inflation: Turkey holds tight After raising rates to 46%
The Central Bank of Turkey announced on Friday that it will maintain its tight monetary stance until inflation shows a sustained and meaningful decline.
Nineteen people have died and 43 others have been hospitalized in Istanbul within 48 hours after consuming tainted alcohol, according to Turkey's state-run Anadolu Agency on Wednesday.
Some liquor store owners have blamed the government for the surge in deaths, arguing that high taxes on legal alcohol drive the production and consumption of illicit alternatives © Mena Today
Nineteen people have died and 43 others have been hospitalized in Istanbul within 48 hours after consuming tainted alcohol, according to Turkey's state-run Anadolu Agency on Wednesday.
An earlier report indicated 11 deaths within 24 hours in Turkey's largest city. Last year, 48 people died in Istanbul due to alcohol poisoning, according to the city's governorate. Methanol, an industrial alcohol distinct from the ethanol used in alcoholic beverages, is suspected to be the cause of these fatalities.
In response to the latest tragedy, the Governor of Istanbul announced Tuesday evening that the licenses of 63 businesses selling counterfeit alcohol had been revoked. This action aims to curb the distribution of illegally produced and dangerous alcoholic products.
However, some liquor store owners have blamed the government for the surge in deaths, arguing that high taxes on legal alcohol drive the production and consumption of illicit alternatives.
The Central Bank of Turkey announced on Friday that it will maintain its tight monetary stance until inflation shows a sustained and meaningful decline.
Israeli Prime Minister Benjamin Netanyahu has extended heartfelt condolences on behalf of the State of Israel to the Catholic Church and its global faithful following the death of Pope Francis.
The U.S. military said on Thursday a blast on Sunday near a UNESCO world heritage site in Yemen's capital city of Sanaa was caused by a Houthi missile and not an American airstrike.
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