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Turkey’s annual inflation rate slowed sharply in July to 61.78 percent, official data showed on Monday, as the country battles a cost-of-living crisis.

RIYADH: Saudi Arabia’s banking sector loans increased to SR2.75 trillion ($733.82 billion) in June, marking an annual 11.35 percent rise, official data showed.

The Nikkei plunged 12.4%, ending the day in Tokyo at 31,341.29. The loss of 4,451.28 points on the index was also the largest in terms of points in its entire history