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AP National Business

Erdogan appoints former US bank executive as Turkish central bank chief, in sign of policy change

ANKARA, Turkey (AP) — Turkey’s president has appointed Hafize Gaye Erkan, a former U.S.-based bank executive, to head the central bank. The appointment, announced on Friday, is considered a sign that Recep Tayyip Erdogan’s administration might pursue more conventional economic policies. The 41-year-old Erkan becomes the Turkish central bank’s first woman governor. Erdogan won a

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Cyprus labors to shield reputation amid new US, UK action on Russian ‘sanctions evasion network’

By MENELAOS HADJICOSTIS Associated Press NICOSIA, Cyprus (AP) — For Cypriots, it was a collective “here we go again” moment: In April, the U.S. and the U.K. included a handful of Cypriot nationals and Cyprus-registered companies on a list of “enablers” helping Russian oligarchs skirt sanctions. It was an unwelcome reminder of the lingering perception

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Japan aims to refocus its foreign aid on maritime and economic security and national interests

By MARI YAMAGUCHI Associated Press TOKYO (AP) — Japan approved a major revision to its development aid policy Friday to focus on maritime and economic security and its national interests while helping developing nations overcome compound challenges amid China’s growing global influence. The revision to the Development Cooperation Charter, approved by Prime Minister Fumio Kishida’s

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Biden picks longtime transportation official as acting head of the Federal Aviation Administration

WASHINGTON (AP) — The Federal Aviation Administration has another acting leader at the controls. The White House said Thursday that President Joe Biden picked longtime government official Polly Trottenberg to run the FAA. She replaces another acting administrator, Billy Nolen, who announced in April that he would leave soon. Trottenberg held a high-ranking job in

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Los Angeles county DA’s office quits Twitter due to barrage of ‘vicious’ homophobic attacks

By BARBARA ORTUTAY AP Technology Writer The Los Angeles county district attorney’s office said Thursday it has left Twitter due to barrage of “vicious” homophobic attacks that were not removed by the social media platform even after they were reported. The account, which went by the handle @LADAOffice, no longer exists on Twitter. “Our decision

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