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‘No money left’: Lebanese telcos close to meltdown as cable thieves thrive

‘No money left’: Lebanese telcos close to meltdown as cable thieves thrive

3/3 © Reuters. People queue outside an Alfa telecommunications store in Beirut, Lebanon January 12, 2022. REUTERS/Mohamed Azakir 2/3 By Laila Bassam and Timour Azhari BEIRUT (Reuters) – Lebanon’s telecom duopoly, once cash cows for the state, used to allocate most of their spending on wages, rent and infrastructure. Now revenues have nosedived, and the…

Erdogan vows to tame Turkish inflation as scepticism grows

Erdogan vows to tame Turkish inflation as scepticism grows

© Reuters. FILE PHOTO: Turkish lira banknotes are pictured at a currency exchange office in Istanbul, Turkey August 13, 2018. REUTERS/Murad Sezer By Nevzat Devranoglu and Tuvan Gumrukcu ANKARA (Reuters) -President Tayyip Erdogan promised on Wednesday to tame Turkey’s surging inflation, which hit 36% last month, but economists predicted it could push much higher, piling…