Global Markets: Turkey holding elections

By MarketsFarm

WINNIPEG, May 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.

• Turkey will hold presidential and parliamentary elections this weekend, with the contentious 20-year leadership of President Recep Tayyip Erdogan facing stiff challenges. The leadup to the election has been marred by violence and polarizing rhetoric.

• Former Pakistani Prime Minister Imran Khan has been ordered to be released on bail for two weeks as he awaits trial for corruption and fraud charges. Khan’s arrest May 9 sparked protests around the country, with at least eight people killed.

• New asylum regulations in the United States going into effect on Friday have raised confusion at the country’s Mexican border after the expiry of the so-called Title 42 order put in place during COVID-19. Asylum seekers were scrambling to enter the country on Thursday ahead of the midnight deadline.

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