Turkey
UN and Turkey propose reconnecting subsidiary of Russian Agricultural bank to SWIFT to restart Black Sea Grain Initiative
Proposals come as Turkey attempts to broker a deal between the West and Russia after the Kremlin pulled out of the agreement.
August PMI shows moderation in Turkish manufacturing gaining traction
Customers deterred from committing to new orders amid strong price pressures.
ISTANBUL BLOG: Turkey’s latest GDP release indicates Simsek is making a beeline for the middle ground
The suspicion is that the finance minister would like to declare to global investors that he’s created a recession. But he could then expect an Erdogan slap to his shiny pate.
bneGREEN: ExxonMobil says world will fail to meet Paris goal in 2050
Oil supermajor ExxonMobil says that the world will fail to meet the Paris Agreement goal to keep global warming below 2 degrees Celsius by 2050.
Perspectives: Kyrgyzstan and Tajikistan building up for another potential round of fighting
An unusual constellation of outside players taking shape.
Izdemir sells 24% stake in coal plant unit via Istanbul IPO for 3bn lira
Observed "from space", it may appear that Turks are rushing to buy shares in flotations. But no-one is actually checking whether the buyers are fake accounts run by puppeteers.
ISTANBUL BLOG: Fool me twice, shame on me, fool me three times, shame on both of us
Bid by Turkey’s new economic team to bring on global investor salivation will, as ever with the Erdogan regime, take the Orwellian path.
COMMENT: So what did happen to that claimed Turkish aspiration to join BRICS?
Evidence of any real intent in Ankara to join the emerging economies club is rather thin on the ground.
Ankara boosts finance industry’s enthusiasm for Turkey with 750bp rate hike
New economic team’s latest tightening will be significantly more to global market players’ taste.
Anglo-Turkish fintech Colendi launching Turkey’s first digital deposit bank
Firm has acquired e-money, asset management, capital market and insurance brokerage licences over past 24 months.
Turkey moving to scrap FX-protected savings accounts
Country’s new economic team wary of strain compensation payouts are placing on public finances.
Turkish power producer Karpowership offers to cut controversial South Africa contract to 5 years from 20
While Karpowership has offered to reduce its original contract period for providing emergency power to South Africa with its floating gas-powered plants, the shorter contract also suggests an increased price.
Turkmenistan signals major change in energy-export stance
Ashgabat’s shifting position opens the way for expansion of natural gas supplies to Europe.
Orban invites illiberal allies to Budapest on national holiday celebrating Hungary’s Western orientation
Unprecedented showcasing of power by Hungary’s strongman alongside World Athletics Championships.
bneGreen: Carbon capture is only a way to make people feel good about continuing emissions
In recent weeks, the United States has witnessed a surge in carbon capture investment, with major players in the energy sector making significant moves. However, as a technology it remains ineffective.
Flight attendant of Turkey's Pegasus Airlines applies for asylum in Netherlands
In a sardonic riposte to the “I’m Kemal, I’m coming” slogan of the opposition’s failed election challenger, attendant writes: “I’m Serhat, I’m going.”
Erdogan won’t allow real fight against Turkey’s inflation till local poll battle is over investors warned
Critics say new economic team have surrendered to strongman’s election calendar and have not restored free market functionality.
Black Sea war zone threatens to knock out Kazakh oil
Tankers imperilled as, following drone attacks on shipping, aide to Ukraine’s president says everything the Russians are moving back and forth on the sea is now a “valid military target".
ISTANBUL BLOG: Opposition leader Kilicdaroglu scraps with TV channel that backs his party
Row latest sign of CHP chairman’s fight to resist calls for his resignation in wake of humiliating election defeat.
Turkey’s manufacturing expansion phase at an end latest PMI data shows
Resurgent price pressures dampened demand for goods. Both input costs and selling prices under much stronger pressure.