Oil and Turkish stocks were 2022 market winners. Russia funds and crypto tanked | CNN Business

Oil and Turkish stocks were 2022 market winners. Russia funds and crypto tanked | CNN Business

New York CNN  —  Oil stocks skyrocketed in 2022, so it’s no surprise funds that track the energy sector were Wall Street winners this year. But the top fund of the year is a surprising one: It invests in a variety of companies based in Turkey. The iShares MSCI Turkey exchange-traded fund had more than … Read more

China will end Covid restrictions and quarantining for international travelers | CNN Business

China will end Covid restrictions and quarantining for international travelers | CNN Business

New York CNN  —  China will drop quarantine requirements for all passengers arriving from outside of the country’s borders starting on January 8, 2023, its top health authority announced Monday. The country will also scrap all other restrictive Covid measures for travelers, including quarantines for positive patients and contact tracing. Authorities said the new policy … Read more

South Korea fires warning shots after North Korean drones enter its airspace | CNN

South Korea fires warning shots after North Korean drones enter its airspace | CNN

CNN  —  Five North Korean drones crossed into South Korean airspace on Monday, prompting the South Korean military to deploy fighter jets and attack helicopters, the country’s defense ministry said. The ministry said South Korea’s military fired shots at the drones, but added it couldn’t confirm whether any drones were shot down. Lee Seung-oh, a … Read more

Turkey’s earthquake caused $34 billion in damage. It could cost Erdogan the election | CNN

Turkey’s earthquake caused  billion in damage. It could cost Erdogan the election | CNN

Editor’s Note: A version of this story first appeared in CNN’s Meanwhile in the Middle East newsletter, a three-times-a-week look inside the region’s biggest stories. Sign up here. Abu Dhabi, UAE CNN  —  The devastating earthquake that hit Turkey on February 6 killed at least 45,000 people, rendered millions homeless across almost a dozen cities … Read more

Turkey’s Red Crescent criticized for selling tents to charity instead of giving them to quake victims | CNN

Turkey’s Red Crescent criticized for selling tents to charity instead of giving them to quake victims | CNN

Istanbul CNN  —  Turkey’s Red Crescent organization has been criticized by lawmakers and citizens after revelations that it sold tents to a charity instead of donating them to people in urgent need after the massive earthquake that claimed more than 44,000 lives earlier this month. While people were begging the government for shelters to sleep … Read more