The hope that Turkey might provide a model for modernizing Muslim countries -- combining Islam, democracy and market economics -- is being tested. A bitter quarrel between Prime Minister Recep Tayyip Erdogan and his former allies continues to escalate. Financial markets are running scared, punishing the country’s stocks and currency. The fight doesn’t just threaten Erdogan’s government; it also calls into question vital Turkish institutions, including the rule of law.
Palm oil shipments from Indonesia, the largest producer, probably climbed to the highest in four months in April as buyers boosted purchases to meet rising demand for the Muslim fasting month of Ramadan. Futures rose.
The details of the killing in Woolwich, South London, are still emerging, but this appears to have been a highly personal, do-it-yourself-style assault that poses a special challenge to diverse societies such as the U.K.
The latest attack threat from an al- Qaeda offshoot creates a political challenge for President Barack Obama, as Republicans accuse him of hyping claims to have terrorists on the run and privacy advocates say the warning may be used to justify greater government surveillance.
At least 19 U.S. embassies and consulates in predominantly Muslim countries will remain closed through this week as the Obama administration tied terror threats to the Yemen-based offshoot of al-Qaeda.