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NEWS • Today
Philippines typhoon death toll hits 81, with dozens still missing
September 19, 2018
Searchers continue to dig through landslide where dozens of small-scale miners and their families are presumed dead
North Korea's Kim makes new promises on nukes
September 19, 2018
North Korean leader says he'll dismantle main nuke complex, but there are conditions and the U.S. was hoping for more from summit
Trump says he feels "terribly" for Kavanaugh
September 19, 2018
The two presidents are taking questions President Trump's Supreme Court pick faces an uphill battle
Kavanaugh accuser calls for FBI investigation before she testifies
September 19, 2018
Nomination process for Supreme Court nominee Brett Kavanaugh has been complicated by Christine Blasey Ford, who accuses him of sexual assault when they were teens at a party decades ago
News Headlines

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NEWS • Current
Slavery Routes: Slavery's New Frontiers
September 19, 2018
Following abolition in Europe, the Industrial Revolution led to new forms exploitation for some 2.5 million slaves.
Germany a key obstacle to Brexit deal
September 19, 2018
People in German political and industrial circles tell Al Jazeera that the country does not regard the UK as a priority.

Latest News
Nigerian military struggles against Islamic State in West Africa: sources
September 19, 2018
Islamist militants have killed hundreds of soldiers in attacks in northeastern Nigeria in recent weeks, security and military sources say, forcing a turnaround in the course of an insurgency which the government has frequently claimed to have vanquished.
Britain cannot accept UK separation in any Brexit border proposal: source
September 19, 2018
Britain welcomes the EU's commitment to finding a solution to the border on the island of Ireland after Brexit but any proposal cannot separate Northern Ireland from mainland Britain, a government source said on Wednesday.
Calls grow for U.N. action on China's Muslim 're-education camps'
September 19, 2018
France and Germany have called on China to close "re-education camps" in its restive far western region of Xinjiang where up to one million Uighurs and other Muslims are thought to be held for political indoctrination as pressure grows for UN action.
British PM May to reject EU's 'improved' Irish border offer: The Times
September 19, 2018
British Prime Minister Theresa May is set to reject an improved offer from the European Union on how to solve the operation of the Irish border after Brexit, the Times newspaper reported on Wednesday.
Afghan Shi'ites brace for attacks ahead of Ashura celebration
September 19, 2018
Afghan police and volunteer groups of armed civilians tightened controls across the capital Kabul on Wednesday ahead of Ashura, the holiest day of the Shi'ite Muslim calendar, following a series of attacks on Shi'ite targets by Islamic State militants.
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NEWS • Report
North Korea to Allow Outside Inspectors to Visit Missile Test Site
September 19, 2018
North Korea agreed to allow outside inspectors to visit its missile test site and said it would be open to decommissioning its nuclear-enrichment facility.
Musk Reveals SpaceX's First Moon Tourist, a Japanese Billionaire
September 18, 2018

Elon Musk introduced e-commerce mogul Yusaku Maezawa at a news conference Monday in California. The Japanese billionaire, who will be the first paying passenger for SpaceX's planned 2023 trip around the moon, said up to eight artists will join him. Photo: Kim Kyung-Hoon/Reuters

Typhoon Mangkhut: The Destructive Path of 2018’s Strongest Storm
September 17, 2018

Typhoon Mangkhut weakened on Monday as it ripped through southern China. The year’s strongest storm killed dozens in the Philippines and hammered Hong Kong and Macau.Photo: Xinhua via AP

News Insight
Korean defense chiefs sign ‘military pact’ after Kim & Moon adopt denuclearization roadmap
September 19, 2018
Preview South Korean President Moon Jae-in and the North Korean leader Kim Jong-un have signed a joint statement following their bilateral talks in Pyongyang. The countries’ defense chiefs have meanwhile signed a separate military pact.
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‘Sex is a gift of God’: Pope Francis shares benefits of ‘passionate’ love, slams pornography
September 18, 2018
Preview Sex is not taboo, but is rather a “gift from God” which is designed to show love and to create life, Pope Francis has stated, while criticizing pornography as part of an “industry of lies.”
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NEWS • Analysis
South Sudan’s Troops Raped and Killed Civilians While the Government Pursued a Peace Deal, a Report Says
September 19, 2018
Atrocities occurred while the government pursued a new peace deal
International News
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NEWS • Comment
What the sliding lira and economy mean for Turkey’s banks
September 13, 2018

THESE are glorious days at Recep Tayyip Erdogan Stadium, a tidy 14,000-seat football ground perched on a steep hillside in the Kasimpasa district of Istanbul—and named after a local lad who became president. Kasimpasa SK are top of the Super Lig, Turkey’s top division, having won their first four games of the season.

The economy over which Mr Erdogan presides, by contrast, is embroiled in a battle for survival. This year the lira has fallen by 40% against the dollar, tumbling especially hard last month after a diplomatic row with America. Inflation is nearly 18%. The central bank, pressed by Mr Erdogan to keep interest rates down, has been slow to react, but on September 13th, even as the president urged a cut, it raised its policy rate by 6.25 percentage points, much more than markets had expected, to 24%. The lira leapt in response.

Turkey’s economy is already slowing sharply. Year on year, growth fell from a breakneck 7.4% in the first quarter to 5.2% in the second. GDP may shrink in the closing months of 2018. The credit that fuelled the boom—much of it from abroad, pushing the current-account deficit to 6% of GDP—is drying up. Adjusted for inflation, bank lending is declining. Even big companies are being quoted borrowing rates of 35%.

Such a sudden halt often spells trouble for banks. Warning signs are flashing. Listed banks’ share prices...

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