Investment of as much as $8 trillion in renewable energy and half of that in grids and storage is required to meet the goal of tripling renewable energy capacity by 2030, as agreed at COP28 in Dubai in December.
At first press conference as governor, Fatih Karahan also states regulator is committed to a floating exchange rate. Yet it is clear that the authority intervenes.
Chief of regulator, previously billed as a Wall Street star who would help end country’s economic crisis, said she quit amid a “smear campaign”.
The Earth may have passed 1.5 degrees Celsius of warming and in fact could soon reach 2 degrees, say international researchers who studied 300-year-old sea sponges in the Caribbean.
On first anniversary of disaster, Mehmet Ozhaseki explains to devastated families the quite amazing good fortune that has brought them new housing.
Slogan references calls heard from many victims who died trapped under rubble before rescue teams could arrive.
Shadow of devastation worsens as displaced realise Erdogan’s pledge of 319,000 new homes by first anniversary of catastrophe was an empty promise.
Istanbul-based ENAG inflation research group calculates rate of 127% y/y.
No need to get squawkish, this guy is more hawkish.
Country badly needs to trigger major foreign capital inflows. For that to happen, global investors will need further convincing that the meddlesome president will largely stay out of policy making on the economy.
Finance minister rushes to reassure markets resignation will not blow Turkey’s new economic programme off course.
Police staged a raid nearly nine hours into the standoff when the gunman took a bathroom break.
Red Sea shipping issues disrupting supply chains, survey also shows.
As Russia experiences the impact of sanctions and restrictions in trade and economic relations with a number of countries, Central Asian countries and China are exploring new routes to increase their exports to Europe while bypassing Russia.
Anybody complaining out loud in a public place can expect to be carted away. This and more in this week's Eurasianet Akhal-Teke bulletin.
Curious development comes in a week where US senators ponder how oil products from Russia, exported via a shady Turkish terminal, ended up in American warships.
Country has few democratic checks and balances, insufficient laws against corruption and a reluctance to enforce such laws, says Transparency International.
Back on Earth manipulated AI-generated footage shows Istanbul’s popular opposition mayor praising Turkish leader’s party ahead of upcoming local elections.
With official inflation at 65% and set to climb further before retreating, the markets will wait to see if it’s enough.
Hungary now remains the sole holdout, greatly embarrassing Budapest after the Orban government pledged numerous times that Budapest would not be the last to ratify.