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Turkey calls US a strategic partner

Istanbul / AFP Prime Minister Binali Yildirim on Saturday insisted the United States was Turkey’s “strategic partner, not our enemy” despite Ankara’s anger at Washington for failing to extradite Fethullah Gulen, whom it blames for last month’s failed coup. “There can be ups and downs in the two countries’ relations (but) we need to remove elements that harm our relations,” Yildirim ...

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Fleeing IS fighters could spur ‘boomerang effect’

  The IS hasn’t had much success yet in recruiting militants among the vast Muslim populations in Southeast Asia. But what happens when the caliphate’s capitals in Syria and Iraq are destroyed, and hundreds of foreign fighters from Indonesia, Malaysia and the Philippines try to go home? Experts here in Australia see the counterterrorism challenge as a regional problem, rather ...

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They’re taking all the fun out of hedge funds

  By now, almost every finance aficionado knows about the problems in the hedge-fund industry. With almost $3 trillion in assets under management, the industry has been bedeviled by complaints of underperformance and high fees. Large institutions that put money into hedge funds are now reversing course, led by endowments and pension funds. Redemptions totaled $20.7 billion in the three ...

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