Turkey
US and Chinese slowdown will tip the world into recession, says IIF
The worsening economic data coming out of the US and yet another coronavirus lockdown in China will tip the world into a global recession, the Institute of International Finance (IIF) said in a note on July 1.
bneGREEN: Poorer cities the most exposed to climate change
An increase in extreme weather events and natural disasters like flooding, heatwaves and landslides will hit urban areas the hardest, making climate change adaptation a matter of paramount importance, the UN has warned.
June PMI shows Turkish manufacturing sinking further into contraction territory
Price rises and demand weakness combined to lead to softer new orders and scaling back of production.
Stagflation fears continue to rise
Global inflation refuses to be tamed and with price increases in the US hitting 8.6% in May, its highest level in 40 years, the Fed is expected to continue tightening monetary policy by hiking rates that will suck liquidity out of emerging markets.
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As Turkey gets Biden backing for F-16s, Greece steals Erdogan thunder by moving for F-35s
Turkish president says objections to Sweden and Finland joining Nato were all about terrorists and militants. Analysis still suggests a bigger issue in play is the autocrat’s determination to get his hands on warplanes.
Nato agrees 'fundamental shift' to counter Russia
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
Europe’s gas storage on track to meet 80% full by start of heating season
Europe’s gas storage tanks were 58.23% full as of June 26 and are still on course to hit the EU target of 80% full by October 1, the traditional start of the heating season, despite Russian cuts in gas flows to Europe this month.
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Turkey drops opposition to Sweden, Finland joining Nato
Big boost for Western defence bloc as Madrid summit gets underway, with member states seeking to demonstrate unmistakable unity to Kremlin while the Ukraine-Russia war continues to rage.
ASH: Turkey playing a delicate balancing act between Ukraine, Russia and Nato
Turks are rightly proud of the success of Bayraktar drones in the conflict in Ukraine and Kyiv was grateful, but now they are not so sure as Turkish President Recep Tayyip Erdogan plays both side of the fence.
Disney+ comes online in Turkey
Among many other competitors, it will take on BluTV, the market leader in Turkey’s subscription video-on-demand (SVOD) market with a 42% share.
Death of China-to-Russia cargo transit routes means it’s all aboard for Kazakhstan
Vladimir Putin wants to reorientate Russian trade east and south. To some extent, such a strategy will be complicated by an avoid-Russia-at-all-costs mentality drawing commerce to a ‘Middle Corridor’.
bneGREEN: Coal investment remains major threat to green dream
An 8% rise in global energy investment in 2022 to $2.4 trillion, driven by a 12% rise in clean energy spending, is still far from enough to tackle the energy crisis and to put the world on the path to a greener and more secure energy future.
Armenia diaspora faces waning influence on Turkey, Azerbaijan negotiations
Recent moves toward restoring relations with Armenia’s traditional enemies have run into strong resistance from the global diaspora. But will it make a difference?
Turkey 'must be cautious' on sending Ukraine more arms says top Turkish defence official
Statement may reinforce worries Ankara remains too close to Moscow despite Nato membership and Kyiv’s need for stepped-up weapons deliveries.
COMMENT: Why replenished ties between Uzbekistan and Turkey suit both Tashkent and Ankara
For the Uzbeks, the strategic relationship helps with the balancing act between the big powers. For the Turks, it builds regional influence in line with the pan-Turkic agenda.
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Analyst says West should form ‘alliance of convenience’ with ‘unsavoury Erdogan’
Turkish leader might be won round with economic lifeline that would persuade him to abandon Moscow, says Maximilian Hess.
CEE inflation spreading across whole region, set to last for years
Inflation is being driven up by the food crisis and disrupted supply chains, first during the pandemic and now due to the war in Ukraine, leading to fears of stagflation for the whole world.
bneGREEN: Heatwave hits Europe as climate change bites
Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.
World hit by interest rate and inflation shock says IIF
The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
ASH: Welcome to the new age of inflation
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
