Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation

Turkey’s central bank has raised interest rates to 40 percent, its highest level in nearly two decades, in a significant move to tame the country’s runaway inflation after the country’s president, Recep Tayyip Erdogan, had previously defied economic convention by cutting rates to slow price increases. The increase of 5 percentage points on Thursday, which …

Stabbing of Derek Chauvin Raises Questions About Inmate Safety

The stabbing on Friday of Derek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd in 2020, at a special unit inside a Tucson, Ariz., prison is the latest in a series of attacks against high-profile inmates in the troubled, short-staffed federal Bureau of Prisons. The assault comes less than five months after …