Turkey
NEMETHY: Is the world heading towards a “polycrisis”?
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.
S&P sees ‘bleak’ prospects for Turkish manufacturing after assessing latest PMI data
Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.
ISTANBUL BLOG: Suicide attack in Turkey awakens ghosts that promise violence ahead of elections
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.
Turkish official inflation calculated at 83% y/y for September
ENAG researchers contend rate was 186% y/y in reality.
Might Trussonomics be a branch of Erdoganomics?
Turkish expat who fled collapse of lira to London alarmed by Liz Truss’ self-inflicted blow to UK economy.
Report says Russian gas supplies to Europe via TurkStream now endangered
Gazprom unit that operates pipeline said to be withdrawing all technical support.
Turkish state banks follow private lenders in freezing use of Russia’s Mir payment system
Erdogan backed use of Russian Visa-equivalent after meeting with Putin. US reacted by stepping up pressure on Turkey over sanctions enforcement.
ISTANBUL BLOG: Turkish officials attempt to slake thirst for FX with visit to MbS
Turkey’s Erdogan administration again spooked by the lurching lira. Small matter of Jamal Khashoggi appears to be ancient history.
ISTANBUL BLOG: To those jimmying the lid of Turkey’s stock market, hold your nose
Banking stocks rose to wacky heights, then collapsed. Fed governor Jerome Powell got the blame. Only an oaf would buy that story.
Analysts wrong again as 'unorthodox' Turkey cuts rates another 100 bp
Benchmark now 12% versus official inflation of 80.2%. Lira continues to sink.
DATACRUNCH: Europe's energy crisis in charts
Russian President Vladimir Putin's two most powerful weapons in his conflict with the West are inflation and power prices.
Two Turkish banks suspend use of Russian Mir cards amid US sanctions pressure
Isbank and Denizbank drop service. In recent days, Washington has cranked up pressure on Turkey over intensifying economic cooperation with Russia.
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PANNIER: Putin arrived with little to offer an SCO summit that showed no real clout
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.
ISTANBUL BLOG: Turkey’s $24bn question
Mystery sum helping to finance chronic current account deficit could be linked to ‘wealth amnesties’ allowing crime proceeds into banking system.
Nuclear power's share dropped to record low in OECD, but solar jumped to record highs thanks to hot summer
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.
Rising Turkey, Greece tensions part of ‘election agenda’ half of Turks tell pollster
Survey conducted after Athens last week warned that strongman Erdogan could ignite a second European war in the Aegean.
PANNIER: At Shanghai Cooperation Organisation summit, watch the action on the sidelines
Most important discussions and agreements at Samarkand gathering likely to concern regional connectivity, and the odd men out are Russia and Belarus.
Renault production halted at Turkey plant on chip shortages
Country’s automakers have suffered output disruptions caused by global lack of semiconductors for more than a year and a half.
GUSTAFSON: Russian oil exports – are sanctions working?
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.
Turkey takes top spot for most expensive iPhones in the world
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.
