Turkey

Two Thirds Of Young American Adults Live With Their Parents

There has been a 3.9% increase in the number of young adults living with their parents from 2007 to 2014, significantly higher than the OECD average. As a result, today, about 66.6% of American 15- to 29 year-olds live with their parents as opposed to on their own or with a roommate, compared to around 62.8% before the crisis.

Iraq Warns Of "Regional War" If Turkey Does Not Withdraw Troops

With much of the public's attention in recent weeks focused on the escalation between the US and Russia over the nearly 6-year-old proxy war in Syria, a reminder that middle-east tensions include virtually all other neighboring countries, came from Iraq's prime minister who on Wednesday warned Turkey that it risked triggering a regional war by keeping troops in his territory.

Frontrunning: September 30

  • Asia stocks slide as Deutsche sours mood, oil pulls back (Reuters)
  • Deutsche Bank Drops to Record as Some Clients Reduce Exposure (BBG)
  • Deutsche CEO tries to reassure staff as shares plunge (Reuters)
  • Oil falls as investors cash in on OPEC deal rally, dollar rises (Reuters)
  • Three Chinese fishermen killed in confrontation with South Korea coastguard (Reuters)

Largest Dutch Bank To Fire Thousands

One day after Germany's second largest lender confirmed reports of a massive restructuring when it announced it would lay off nearly 10,000 employees, or about 20% of its entire workforce while slashing the bank's dividend for the rest of the year, the Dutch newspaper Het Financieele Dagblad reported that ING Groep, the largest Netherlands lender, will announce thousands of job cuts at its investor day on Monday.

John Kerry Gives Russia An Ultimatum: Stop Bombing Aleppo Or All Cooperation Ends

John Kerry threatened to cut off all contacts with Moscow over Syria, unless Russian and Syrian government attacks on Aleppo end. Kerry issued the ultimatum in a Wednesday telephone call to Russian Foreign Minister Sergey Lavrov. Kerry told Lavrov the U.S. was preparing to "suspend U.S.-Russia bilateral engagement on Syria," including on a proposed counterterrorism partnership, "unless Russia takes immediate steps to end the assault on Aleppo"

Turkey Contemplates Buying Deutsche Bank

Yigit Bulut, chief adviser to Turkish President Recep Erdogan, Turkey should consider "using a new wealth fund or a group of state-owned banks to buy" the embattled Deutsche Bank. Bulut made the proposal on Tuesday via his Twitter account, saying Germany’s largest lender should be made into a Turkish bank.

"America Is On Our Side": Al-Nusra Commander Tells German Press US Is Arming Jihadists

US weapons are being delivered to Jabhat Al-Nusra by governments that Washington supports, a militant commander told the German media, adding that American instructors were in Syria to teach how to use the new equipment.
"Israel is now giving us support because Israel is at war with Syria and with Hezbollah... The Americans are on our side."