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Asian Markets Sink As US Debt Talks Stall

All eyes are now on Washington, where President Joe Biden and House Speaker Kevin McCarthy have had a number of meetings to find a path to lifting the borrowing limit from the current $31.8 trillion.

Erdogan Backers Bullish In His German Stronghold

In the first round in early May, Recep Tayyip Erdogan won more than 75 percent of the vote in Essen, around 10 points above the average of 65 percent in Germany, which has the largest Turkish community abroad with its 1.5 million voters.

Turkey's Third-place Finisher Endorses Erdogan

Sinan Ogan's 5.2 percent of the vote in the May 14 general election deprived Erdogan of an outright victory for the first time in his 20-year rule. He met the Turkish leader on Friday and held separate negotiations with allies of opposition leader Kemal Kilicdaroglu. Ogan portrays himself as an ardent supporter of a brand of Turkish nationalism espoused by the post-Ottoman republic's creator Mustafa Kemal Ataturk.

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