As a full-blown financial crisis in Turkey threatens to engulf global emerging markets, Indonesia is taking a bigger knock than its peers in Asia. The rupiah slumped to an almost three-year low against the dollar and stocks are being dumped. The central bank is selling billions of dollars from its reserves to halt the rout and may be forced to raise interest rates again after three hikes since mid-May.

Willingness to raise interest rates will help, not hurt, regional economies.

After years of rampant growth, the global smartphone market is slowing down as consumers wait for the next game-changing feature. That is bad news for the giants of the technology industry, including Apple Inc. and Samsung Electronics Co., as well as the crop of Chinese challengers that includes Xiaomi Corp., Oppo, Vivo and Huawei Technologies Co. While the industry has stopped growing, it still remains a vital part of the global economy with smartphone sales reaching $458 billion in 2017.

Jim Ratcliffe is a complicated character, as shown by his support for Brexit. 

Mortgage rates aren’t the only thing ruling the world’s least affordable housing market.