Turkey
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Awaiting the anti-Erdogan
Turkey’s most popular Kurdish politician Selahattin Demirtas has channelled the Japanese anime spirit of Voltron to express his frustration at opposition inaction.
CONFERENCE CALL: Globsec basks in Putin's humiliation
In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.
Turkey scrimps on detail in explaining how May’s inflation is ‘only 73.5%’
Gone are the average prices recorded for each item in the CPI basket. ENAG contends inflation is 161%.
bneGREEN: G7 sets decarbonisation goal for 2035
The G7 has agreed to “predominantly decarbonise electricity sectors by 2035,” and to end government financing for international coal-fired power generation and speed up the phase-out of unabated coal plants by the same year.
Business conditions in Turkish manufacturing sector stayed subdued in May shows latest PMI data
Muted customer demand and ongoing price pressures noted. Economic slowdown in Europe a headache for exporters.
Turkey halts talks with Greece as Erdogan cranks up hard power foreign policy
Election clock is ticking on Turkish leader’s bid to win round Turks shocked by extent of economic crisis.
New ‘pattern of oppression in Turkey sees municipalities, AKP banning music concerts’
Columnist says authoritarian move is response to “dead-end the current administration finds itself in” because of the country’s “unprecedented, multilayered crisis”.
bneGREEN: Is coal killing us all?
Ending coal-fired power generation could prevent 14.5mn premature death from air pollution between now and 2050 and would create up to $16.3 trillion in economic benefits.
ISTANBUL BLOG: Turkey’s central bank zombies in (lack of) action again
Inflation rampant. The lira’s losing its moorings. But no rate hike.
Lira drags Turkey further down road to hell
Currency breaches 16/$ 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.
Iran the winner as Ukraine conflict repercussions divert European trade flows
The importance of the International North-South Transportation Corridor, providing Indian Ocean access via the Iranian port of Chabahar, has soared.
bneGREEN: Fossil fuel closures needed to stand any chance of meeting 1.5°C target
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.
bneGREEN: More proof that climate change threatens lives and causes economic damage
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.
ISTANBUL BLOG: Erdogan spikes Nato accession talks with Sweden and Finland
Turkish leader leaves US and Europe wondering what his price might be for unblocking what was supposed to be a routine process.
In Nato expansion row Erdogan tells Sweden, Finland ‘Don’t bother sending delegations to Turkey’
Turkish president doubles down on opposing Nordic nations’ applications to join defence alliance.
