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Oil prices and inflation hit emerging economies

by Kimberly Adams Oct 1, 2018
Emerging economies have had a tough time in the global economy recently. We’re talking about countries like India, Turkey, South Africa and Argentina. They’re deeply engaged in the world economy, and, in some ways, very vulnerable to its ups and…
An Indian security guard walks inside Amazon's largest Fulfillment Centre (FC) in India, on the outskirts of Hyderabad on September 7, 2017.
NOAH SEELAM/AFP/Getty Images

Road to recovery may be long for some emerging markets

by Scott Tong Sep 5, 2018
The value of emerging market currencies keeps tumbling. Argentina’s peso has lost half its value against the dollar this year. Same with the lira in Turkey. Investors are souring on Brazil. India. South Africa. Mexico. Indonesia. Some of these countries…

Then and now: Syrian refugees reflect on their lives

by Reema Khrais Sep 5, 2018
They found new homes in Turkey, along with frustration, resignation and hope.
Reema Khrais/Marketplace

Young Syrians rethink their future as refugees in Turkey

by Reema Khrais Aug 31, 2018
Before the Syrian war in 2011, nearly 25 percent of young people went to college, which is almost completely subsidized by the government.
Othman Nahhas spends a good chunk of his paycheck paying for half of his family's rent in Istanbul.
Courtesy of Musab Yousef

What it's like for a Syrian refugee to become the sole breadwinner

by Reema Khrais Aug 24, 2018
Amna Hafez is like thousands of other Syrian women in Turkey who've been forced to create a new life for themselves and their families.
Amna Hafez never expected to work, but she didn’t want her daughters to feel the financial impact of their father’s death.
Courtesy of Sumaya Alkhooly

One Syrian refugee’s story: From civil engineer to daycare owner

by Reema Khrais Aug 16, 2018
As a Syrian living in Turkey, Dania Abdulbaqi struggled to find formal work as an engineer.
After struggling to find work as an engineer, Dania Abdulbaqi opened a daycare in Gaziantep, Turkey.
Courtesy of Mahmoud Al Basha

How strong is the U.S. dollar's position as a reserve currency?

by Kimberly Adams Aug 15, 2018
Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey’s currency crisis. Both countries are also facing U.S. sanctions, so one idea they floated: Stick to their own national currencies for trade and avoid…
The dollar is an international currency — a common denomination for global business. 
Yasin Akgul/AFP/Getty Images

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Turkey’s president wants to boycott American electronics. Good luck with that.

by Justin Ho Aug 14, 2018
Turkish President Recep Tayyip Erdoğan wants to pull his people away from American-made smartphones and push them toward products from homegrown company Vestel. That could prove difficult, once you take a closer look at what comprises Vestel's phones.
Justin Sullivan/Getty Images

Turkey’s new debt problem

by , and Aug 13, 2018
Because of the country’s falling currency, its foreign debt just got a lot more expensive.
A teller holds Turkish lira banknotes at a currency exchange office in Istanbul on August 13, 2018.
YASIN AKGUL/AFP/Getty Images

Why the Turkish lira’s downfall scares investors

by Justin Ho Aug 13, 2018
The economic crisis in Turkey deepened this morning, despite moves by central bank officials in Ankara to calm the flight from the currency. The Turkish lira has lost 39 percent of its value since the beginning of the month. And…
A woman poses for a photograph with Turkish Lira currency on Aug. 13, 2018 in Istanbul, Turkey.The lira hit another record low overnight forcing Turkey's Central Bank to act to curb the lira's collapse however the action was not enough to subdue investors fears over the countries financial crisis. 
Chris McGrath/Getty Images