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Turkish inflation hits two-decade high, inches toward 50%

With annual producer inflation reaching 93.5%, further price increases appear in store for Turkish consumers in February and March after consumer inflation sets a two-decade record in January. Turkey’s consumer prices rose 11.1% in January, bringing annual inflation to 48.7%, the highest rate in two decades, data released Thursday by …

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North Korea mocks US overtures for diplomacy in wake of January missile tests

The North Korean Foreign Ministry scorned diplomatic overtures from Washington, D.C., this week and advised it “to halt its military threat to our country.” The ministry’s Wednesday statement mocked the “so-called ‘diplomatic solution’ and ‘dialogue,’” called for by the United States after a burst of missile tests by North Korea …

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Russian ships watch as US carrier group operates with NATO allies in Mediterranean

U.S. and NATO officials said that the Russian military was shadowing U.S. ships participating in a multinational exercise in the Adriatic Sea, adding that “outside observance” wasn’t unusual and not necessarily related to rising tensions over Ukraine. The comments Wednesday came as the U.S. announced that it will send 3,000 …

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