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Turkey spends record $12bn defending lira after Erdoğan rival’s arrest

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkey’s central bank burnt through almost $12bn defending the lira in a record intervention after President Recep Tayyip Erdoğan’s detention of his political rival triggered a political crisis that scared investors and sent the currency…

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Deporting Ukrainian Refugees Weakens America

Argument An expert’s point of view on a current event. Deporting Ukrainian Refugees Weakens America Canceling legal status would be a moral and strategic mistake that weakens America’s global standing. By Tetiana Kotelnykova, a graduate student at Yale University specializing in European and Russian studies, founder of the nonprofit Brave Generation and the Ukrainian Recovery…

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Into the Lions’ Den

Review Into the Lions’ Den A scorching legal thriller from Zambia. March 21, 2025, 2:20 PM Comment icon View Comments () By Yagnishsing Dawoor, a Mauritian writer and literary critic. Two men are seen behind bars with people milling about in the foreground. Men accused of having same-sex relations are seen in a holding cell…

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Australia’s First Art Film

Review Australia’s First Art Film “Picnic at Hanging Rock” has kept audiences guessing for 50 years. March 21, 2025, 2:00 PM Comment icon View Comments () By Jordan Hoffman, a film critic and entertainment journalist living in Queens, New York. A group of young women in white dresses out for a hike near a large…

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Germany Has Traded Austerity for a Mess

Analysis Germany Has Traded Austerity for a Mess The German government has finally revised its debt rules—by making them more confusing. By Philippa Sigl-Gloeckner, the managing director of Dezernat Zukunft, a German macrofinance think tank. The leader and top candidate for Chancellor of Germany’s Christian Democratic Union (CDU) Friedrich Merz gestures on stage during a…

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