1---Turkey Detains 27 Tied to President’s Rival wsj
Crackdown on Supporters of U.S.-Based Cleric Gülen Is Seen as Bid to Tighten Grip on Power Before Elections in June, wall street journal
2--Strong dollar threatens global economy, warns BIS , Guardian
Concerns greet rise of dollar to seven-year high amid fears of emerging economies’ dependence on US currency Strong dollar threatens global economy, warns BIS
The Switzerland-based BIS also revealed that issuance of collateralised debt obligations – the controversial securities once likened to financial weapons of mass destruction – has surpassed levels recorded before the crisis. Activity in the leveraged loans market – a type of CDO – was running at $250bn (£161bn) per quarter in the year ending September 2014, compared with an average of $190bn in 2005-07....
Against this backdrop, the BIS is concerned that some emerging economies could come unstuck because of a growing dependence on loans taken out in US dollars.