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Input costs and selling prices, however, continued to rise amid reports of currency weakness.
De Ruyter has laid out a case for decarbonisation to allay South Africa's deepening energy crisis, which he says would restore investor confidence and create jobs amid staggering unemployment levels.
South Korea has entered into a joint venture with Poland to produce arms and ammo that will initially be used to supply Ukraine, but will later contribute to Warsaw’s ambitions to create the largest conventional force in Europe.
It has been well over a year since the Warsaw Stock Exchange last saw an IPO.
Budget is based on optimistic forecast of 4% economic growth next year and includes halving of windfall taxes on banks, pharmaceutical companies and energy suppliers.
Investors may be encouraged that start could be made on fixing Turkey’s collapsing economy if former finance minister returns to the cabinet. The lira, meanwhile, is back on the slide.
A joint investigation by German magazine Der Spiegel and the Organised Crime and Corruption Research Centre has uncovered details of how banned technology is avoiding sanctions and is being shipped via Kazakhstan into Russia.
Investment in clean energy technologies is significantly outpacing spending on fossil fuels as affordability and security concerns triggered by the global energy crisis strengthen the momentum behind more sustainable options, according to the IEA.
European sanctions go through a process of continuous maturation and updating, adapting to current geopolitical sensitivities. European actors are accelerating efforts to adopt the eleventh sanctions package.
There is the possibility of a doom loop between small US banks and commercial real estate.
Prospect of removing the Erdogan regime at the ballot box appears to have gone for ever.
Hopes rise Turkish president will clear way for Swedish membership of defence bloc now that his country's elections are over and done with.
Flashing red lights on lira, sky-high inflation, dwindling FX reserves and soaring cost of insuring debt against default. A currency crisis could be around the corner.
Wagner and its leader, Yevgeny Prigozhin, are already sanctioned by multiple countries around the world, mainly linked to the PMC’s operations as part of Russia’s invasion of Ukraine.
Czech private investment group estimated to have paid some €750mn for the stake.
S&P Global data show 98% of tankers registered under Gabon's flag weighing above 10,000 deadweight tons (dwt) are 'high-risk' vessels under Russian trade and shipping sanctions or have unidentified ultimate group owners.
The Central Bank of Turkey kept its policy rate flat at the May meeting and concluded that the current rate is adequate to support the recovery from February's earthquakes. It did not offer any signals about a policy change ahead.
Grand coalitions between rivals are one symptom of the radically changed political landscape of the last decade.
As lira trades just below 20/$ in the interbank market, rate at the Istanbul Grand Bazaar hovers in the 21s.