The move came following pressure from the Turkish president. Ceding to pressure from President Recep Tayyip Erdogan, Turkey’s central bank trimmed its policy rate by 100 basis points to 18% on Thursday, in an apparent bid to stimulate the economy in the midst of high inflation and mounting popular discontent …

The Chinese authorities said on Friday that all cryptocurrency-related businesses are illegal and they urge the exit of cryptocurrency mining projects, as the country doubles down efforts on virtual currency regulation to fend off financial risks and facilitate improvement of the industrial structure for reaching carbon peak and neutrality goals. …

A top Chinese law enforcement official has called on police and local governments to step up their use of big data, artificial intelligence, and networked security cameras to stem potential social unrest in times of “growing uncertainty.” Chen Yixin, secretary general of the ruling Chinese Communist Party (CCP)’s political and …