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Tumbling Lira puts currencies under pressure - GN Headlines
Gulf News
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2/12/2025
Tumbling Lira puts currencies under pressure. UAE launches the UAE Youth Global Initiative. Is Idris Elba the new James Bond? Daily headlines from the UAE and around the world brought to you by Gulf News. See more at: http://gulfnews.com/videos
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00:00
Good day, welcome to the Gulf News update for Monday, August the 13th.
00:06
Here are the top stories at this hour.
00:10
Turkey's Central Bank announced a raft of measures today aimed at calming markets rattled
00:15
by the precipitous plunge of the Turkish Lira.
00:19
But the embattled currency came under new pressure in early trade.
00:23
In early European trade, the Lira was trading at 6.6 to the dollar, a loss of another 3.3
00:30
percent on the day, but recovering from even sharper losses in earlier Asian trade.
00:36
The Lira struck a record low of 7.2362 to the dollar in Asian markets.
00:42
In its first statement since what was dubbed Black Friday in Turkey, the Central Bank said
00:47
it was ready to take all necessary measures to ensure financial stability.
00:54
The UAE launched the UAE Youth Global Initiative on Sunday to mark World Youth Day.
00:59
His Highness Sheikh Mohammed bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy
01:04
Supreme Commander of the UAE, tweeted the initiative on Sunday.
01:09
He said,
01:10
It will help our youth use their full potential to enhance the UAE's reputation and spread
01:15
awareness of its values and heritage as well as the all-round progress it has achieved.
01:23
British actor Idris Elba is stoking speculation he may take over the role of James Bond when
01:29
Daniel Craig steps aside.
01:31
The star on Sunday posted a selfie under the words,
01:34
My name's Elba, Idris Elba, echoing the spy's famous catchphrase.
01:39
His enigmatic Twitter post fuelled the buzz about him becoming the first black Bond.
01:45
American film producer Antoine Fuqua also stoked long-running speculation about Elba
01:50
taking on the role last week.
01:53
And finally, the weather.
01:54
Today's high across the UAE will be 40 degrees Celsius, dropping to 33 degrees at night.
01:59
That's all for now.
02:00
Thanks for watching.
02:01
As always, you can get the latest updates on gulfnews.com
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