According to historian Adam Tooze, we are currently potentially facing a “polycrisis”: a number of smaller to medium-sized crises in the world that have the potential to combine and reinforce each other.
Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.
President Erdogan will soon come to accept he’s already lost at the ballot box. But he won’t accept that it’s all over. Watch closely.
ENAG researchers contend rate was 186% y/y in reality.
Turkish expat who fled collapse of lira to London alarmed by Liz Truss’ self-inflicted blow to UK economy.
Gazprom unit that operates pipeline said to be withdrawing all technical support.
Erdogan backed use of Russian Visa-equivalent after meeting with Putin. US reacted by stepping up pressure on Turkey over sanctions enforcement.
Turkey’s Erdogan administration again spooked by the lurching lira. Small matter of Jamal Khashoggi appears to be ancient history.
Banking stocks rose to wacky heights, then collapsed. Fed governor Jerome Powell got the blame. Only an oaf would buy that story.
Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.
Russian President Vladimir Putin's two most powerful weapons in his conflict with the West are inflation and power prices.
Isbank and Denizbank drop service. In recent days, Washington has cranked up pressure on Turkey over intensifying economic cooperation with Russia.
Disparate interests of organisation’s member nations meant many major issues of the day could not even be discussed. But there was only one dominant member: China.
Mystery sum helping to finance chronic current account deficit could be linked to ‘wealth amnesties’ allowing crime proceeds into banking system.
Germany’s decision to take its nuclear power plants offline, coupled with production problems with France’s NPPs, saw the share of nuclear power in the OECD countries year to date fall to its lowest level ever, but solar boomed.
Survey conducted after Athens last week warned that strongman Erdogan could ignite a second European war in the Aegean.
Most important discussions and agreements at Samarkand gathering likely to concern regional connectivity, and the odd men out are Russia and Belarus.
Country’s automakers have suffered output disruptions caused by global lack of semiconductors for more than a year and a half.
Six months after the beginning of the Russian invasion, the “Devil’s Dance” of Western sanctions and Russian oil exports and revenues has barely begun. The main contest still lies ahead.
Country leapfrogs Brazil with the launch of the iPhone 14 models, with the Erdogan administration’s indirect taxes meaning the consumer must pay at least $1,700 for one of the latest-generation smartphones.