QATAR COMES TO TURKEY’S AID

The lira rose 6 per cent after Qatar’s Emir announced his decision to invest $15 billion to help Turkey stave off its current financial crisis. Turkey is in trouble following the sanctions imposed by the US over the detainment of an American pastor who was allegedly involved in the failed 2016 coup. The cost of insuring Turkey’s sovereign debt against default has also increased as the standoff worsens.