Turkey

bneGREEN: Coal investment remains major threat to green dream

Richard Lockhart in Edinburgh June 24, 2022

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

Ani Mejlumyan for Eurasianet June 24, 2022

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

bne IntelIiNews June 23, 2022

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

Fuad Shahbazov June 23, 2022

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.

Analyst says West should form ‘alliance of convenience’ with ‘unsavoury Erdogan’

bne IntelIiNews June 22, 2022

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

Ben Aris in Berlin June 22, 2022

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

Richard Lockhart in Edinburgh June 21, 2022

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

Ben Aris in Berlin June 20, 2022

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

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London June 17, 2022

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.

Turkey on verge of total bankruptcy says Erdogan’s former economy czar

bne IntelIiNews June 16, 2022

“The future of our children is at stake. We are faced with a matter of economic and financial survival,” says Ali Babacan.

Turkey’s despair rating score is worse than war-torn Ukraine’s

bne IntelliNews June 16, 2022

Turkey is in a full-blown crisis and has an extremely high despair index of 93.8, even worse than that of sanction-embattled Russia’s 42.5. And if you don't believe the official Turkish statistics, Turkey's score is also even worse than Ukraine's.

‘Election mode’ Erdogan ain’t for budging over Finland and Sweden’s Nato applications

bne IntelIiNews June 16, 2022

Turkish leader is staring down the barrel of tough national polls on horizon. Playing nationalist hardball will keep some of his remaining voters happy.

Bulgaria appeals for German help to clean up suspected heroin route border checkpoint

Denitsa Koseva in Sofia June 14, 2022

Ruling party MP claims heroin is trafficked through the Kapitan Andreevo checkpoint on the Bulgaria-Turkey border, where video cameras in the phytosanitary lab were switched off for 10 years.

NEMETHY: The world continues to hurtle towards recession and potentially financial crisis

Les Nemethy June 14, 2022

There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.

bneGREEN: UN stresses green issues are key to reducing poverty and boosting sustainability

Richard Lockhart in Edinburgh June 11, 2022

Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.

Mountain brings forth a mouse as Turkey scrambles to put brake on sliding lira

Akin Nazli in Belgrade June 9, 2022

Market was expecting much more. Currency back in jitter-inducing territory at 17/$.

bneGREEN: Energy efficiency: a central pillar of meeting green targets

Richard Lockhart in Edinburgh June 9, 2022

Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.

Global red warning lights are flashing as stagflation looms

Ben Aris in Berlin June 9, 2022

The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.

Claims Ukrainian grain shipped from Crimea to Turkey could test Ankara-Kyiv relations

bne IntelIiNews June 9, 2022

“Primary contracts are signed with Turkey,” says head of Moscow-installed military-civilian administration in occupied areas of Zaporizhzhia.

Iran points finger at Saudi Arabia, Turkey amid sandstorm crisis

bne IntelIiNews June 7, 2022

More than a dozen ‘SDS’ occurrences have shut down big cities across the Gulf region in recent weeks.

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