Terror attacks on civilians continue to be the new norm in the Middle East, as suicide attackers with assault rifles in Istanbul airport leave 36 people dead. Turkey, once a stable country in the Middle East and an important European and NATO ally, is being increasingly consumed by the chaos of ISIS in Syria and spreading terror attacks. NYT
The slowdown in prices of oil and minerals has affected mineral-dependent African countries like Nigeria. This is impacting bottomlines of Bajaj, Airtel, Godrej and other Indian firms with active African operations. Nigeria, Egypt and Angola have all depreciated their currencies and limited imports. Livemint
NRI investors without a PAN number will no longer have to pay higher TDS under new rules. ET
Mark Mobius points out that Indian markets have shown resilience post-Brexit and India is likely to emerge as a more powerful player in the current turmoil. ET
RBI says that 30 out of 50 Indian banks may not be able to meet capital adequacy norms, and that NPAs are likely to rise. Public sector banks are a particular concern. BS
Tweet of the day - Warsan Shire. Twitter
