Discussions held with finance minister and central bank governor. President Erdogan, however, tells rally next day that under him rates will fall with “each passing day, each passing week, each month.”
International transport routes through Ukraine and Russia have been disrupted, and Georgia has become a popular alternative.
Little evidence of progress in normalising Yerevan-Ankara relations or resolving conflict between Armenia and Azerbaijan following Prague encounter.
Encounter is “huge” says analyst. However, hopes for a breakthrough in resolving Armenia-Azerbaijan conflict are low.
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.