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ReutersEuro's reserve currency role tumbles at expense of dollar, yen, ECB says
The share of the euro in foreign exchange holdings tumbled last year at the expense of the dollar and the yen, and further drops are possible whenever Russia becomes free to reduce its own euro stockpile, a fresh report from the European Central Bank showed. The share of the euro among foreign reserves has been declining since the start of the decade and the ECB has long argued that the European Union must take another leap in financial integration if it was to reverse this trend. The euro's share among foreign reserves fell one full percentage point to 20% in 2023 and official reserve managers were net sellers of euro assets to the tune of around 100 billion euros, the ECB said in a report on Wednesday.
Associated PressTurkey can expect strong support from the Turkish-German community at Euro 2024. So can Germany
Six years ago, Ilkay Gündogan's place on the German national team was in question over a photograph with Turkey's president. When Gündogan leads the German national team out against Scotland in the European Championship opener Friday, he will be its first captain of Turkish heritage at a major tournament. To some in the large Turkish-German community, the Barcelona midfielder embodies a “hybrid identity” that is gaining ground even in the face of political gains for the anti-migration far right, said Caner Aver, researcher at the Center for Turkish Studies and Integration Research in the German city of Essen.
BBCMan charged after objects thrown at Nigel Farage
The incident occurred while the Reform UK leader was campaigning in Barnsley.
