Muted customer demand and ongoing price pressures noted. Economic slowdown in Europe a headache for exporters.
Election clock is ticking on Turkish leader’s bid to win round Turks shocked by extent of economic crisis.
Columnist says authoritarian move is response to “dead-end the current administration finds itself in” because of the country’s “unprecedented, multilayered crisis”.
Ending coal-fired power generation could prevent 14.5mn premature death from air pollution between now and 2050 and would create up to $16.3 trillion in economic benefits.
Inflation rampant. The lira’s losing its moorings. But no rate hike.
Currency breaches 16/$ threshold. Real interest rate at minus-56% is lowest in the world. Markets don’t dare hope that will change at May 26 rates meeting.
The importance of the International North-South Transportation Corridor, providing Indian Ocean access via the Iranian port of Chabahar, has soared.
Ending new oil, gas and coal developments is not enough to reach net zero by 2050, according to new research. Instead, already built fossil fuel projects must be decommissioned early if climate change is to be limited to 1.5°C.
Human activity has caused irrevocable damage to the climate, causing hundreds of billions of dollars of economic damage and threatening water and food supplies to millions of people.
Turkish leader leaves US and Europe wondering what his price might be for unblocking what was supposed to be a routine process.
Turkish president doubles down on opposing Nordic nations’ applications to join defence alliance.
Turkish leader says Nordic countries are “home to many terrorist organisations”. Position may anger Western nations that have tolerated Ankara’s decision not to impose war sanctions on Moscow.
The war in Ukraine has interrupted grain exports from the country and could create a global food crisis as vulnerable wheat importing countries in Africa and the Middle East face shortages and rising prices.
Renewables are again set to break global records in 2022, with 320 GW of new capacity forecast to come online and new solar projects in China and Europe driving growth.
Inflation variously measured at from 70% to 157% has wiped out pay rise gains. There are now more credit cards than people in Turkey.
Small panels weaved on to a shirt or coat could mean never having to bother with a charger.
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.