Kazatomprom said it was avoiding routes across Russia due to sanctions on the country.
Istanbul’s ENAG research group of economists calculates alternative figure of 138% y/y.
Demand remains fragile, particularly internationally, but cost pressures not as extreme as earlier in year.
Minimum wage boosted 55%. Government-guaranteed credit splurge for small businesses expected.
President Berdimuhamedov may have put Turkish counterpart Erdogan’s nose out of joint by shelving pipeline interconnector proposal.
Thousands rally in Istanbul to voice anger at treatment of city’s mayor seen as abuse of democracy.
Baykar hopes to follow up on success of its world-renowned combat UAVs, but not much is yet known about the aircraft’s true capabilities.
The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
Imprisonment could end prospect of Imamoglu 2023 election run against autocratic president. Other court cases under way could sideline pro-Kurdish party that could serve as kingmaker.
Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,
Ashgabat said to be signalling that “it won’t get out of bed for anything less”.
Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.
In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.
Following the flotation, enterprise chair Hanzade Dogan Boyner became a billionaire, but that status did not last long.
Solar is set to overtake coal as the world’s leading source of power supply by early 2025, the IEA said
Russian exports of coal have soared to fresh highs after the EU softened sanctions on European shipping companies, allowing them to carry goods worldwide shortly after a ban was imposed in August as part of the fifth package of sanctions.
Exporters’ association head also warns that if Turkey maintains a brake on lira depreciation, then the “exports side and the production side comes to a halt”.
Russia has been eagerly pushing for the further development of Turkey as a “gas hub” for its gas supplies to Europe. Analysts are asking if this simply a ruse to dodge sanctions and surreptitiously continue to export gas to EU members.
An oil tanker traffic jam has formed off the Turkish coast after the EU’s introduction of a price cap on global Russian crude supplies, the Financial Times reported on December 5. Turkish authorities are demanding new proof of full insurance cover.