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- People's Alliance's presidential candidate Recep Tayyip Erdogan speaks to his supporters during an elections campaign rally in Istanbul, Turkey, Friday, May 12, 2023. Recep Tayyip Erdogan, 69, takes the oath of office Saturday and starts his third presidential term after scoring another electoral victory last month. Already the longest-serving leader in the republic's history, Erdogan will now be stretching his rule into a third decade - until 2028 – and possibly even longer with the help of a friendly parliament. (AP Photo/Khalil Hamra, file)
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How Turkey's president Erdogan has maintained a tight grip on power in the country
By SUZAN FRASER AND CINAR KIPER - Associated Press
Fri,06/02/23-2:20AM , 85 Reads
ANKARA, Turkey (AP) — Turkish President Recep Tayyip Erdogan, a populist with increasingly authoritarian tendencies, is scheduled to take the oath of office and start his third presidential term Saturday following his latest election win
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- Stocks opened higher. The AP's Seth Sutel reports.
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Stock market today: Wall Street leaps, nearly escapes its bear market after strong jobs report
By STAN CHOE - AP Business Writer
Fri,06/02/23-12:27AM , 453 Reads
NEW YORK (AP) — Stocks rushed higher Friday after a strong report on the U.S. job market suggested a recession may not be as close as Wall Street had feared.
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- Women work in a restaurant kitchen in Chicago, Thursday, March 23, 2023. On Friday, the U.S. government issues the May jobs report. The labor market has added jobs at a steady clip in the past year, despite efforts by the Federal Reserve to cool the economy and bring down inflation. (AP Photo/Nam Y. Huh, File)
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US hiring jumped last month. So did unemployment. Here's what that says about the economy
By CHRISTOPHER RUGABER - AP Economics Writer
Thu,06/01/23-6:48PM , 169 Reads
WASHINGTON (AP) — The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of enduring strength in an economy that the Federal Reserve is desperately tryin
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- A pedestrian passes by the Hong Kong Stock Exchange electronic screen in Hong Kong, Friday, June 2, 2023. Asian stock markets followed Wall Street higher on Friday ahead of an update on the U.S. jobs market after Federal Reserve officials indicated they might skip another interest rate hike this month. (AP Photo/Louise Delmotte)
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Stock market today: Asia follows Wall St up on hopes Fed will ease off rate hikes
By JOE MCDONALD - AP Business Writer
Thu,06/01/23-2:10AM , 416 Reads
BEIJING (AP) — Asian stock markets followed Wall Street higher Friday ahead of an update on the U.S. jobs market after Federal Reserve officials reignited hopes another interest rate hike might be postponed and lawmakers gave final approval to a deal to avert a government debt default.
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