Opinion
COMMENT: Ukraine’s coming financial storm
“A crisis is drawing ever closer. It will break in Ukraine, but it won’t begin on the frontlines, where the country’s battle-weary brigades continue to impose a brutal cost on the Russian invader," writes Timothy Ash of BlueBay Asset Management.
BEYOND THE BOSPORUS: Performance postponed. Hotly anticipated “CHP” trial pushed into October
Every Turk up and down the country has an opinion on what Erdogan is up to.
COMMENT: Europe’s summer of humiliation
This summer started with optimism around trade deals and progress in Ukraine, but quickly unravelled. Trade uncertainty is back, the war drags on with rising casualties, and Europe is now grappling with a raft of political crises.
INTERVIEW: The rags-to-riches rise of Freedom Holding Corp's Timur Turlov
As he rang the Nasdaq exchange bell to start trading in his company’s shares, the childhood dream of this Wall Street movie fan from a poor Moscow suburb had come true.
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COMMENT: How Brazil's judiciary stood up to authoritarian threat
The prosecution of former Brazilian president Jair Bolsonaro and seven co-conspirators marks the coming of age of Brazilian democracy.
McFaul: Putin Is Making Trump Look Weak
It’s time for a new, effective, and credible response. Nearly two dozen Russian drones crossed into Polish airspace. Nato forces promptly shot them down - the first direct military confrontation between Russia and Nato since the Ukraine war started
Ukraine facing a financial cliff as IMF warns Ukraine may need an extra $20bn of external funding in 2025
The International Monetary Fund (IMF) has concluded that Ukraine’s financing needs for 2026 and 2027 could be as much as $20bn higher than the government in Kyiv’s own estimates, as negotiations begin on securing a new aid package.
COMMENT: What were Russian drones doing in Poland?
With no clear explanation from Moscow, theories have proliferated over how and why more than a dozen Russian drones crossed into Poland on September 10—and what this means for European security.
COMMENT: Need and loathing in Russia – unpacking the labour migration paradox
Central Asian guest workers face growing hardship.
COMMENT: France’s instability risks weakening Europe at a critical moment
The French government fell on September 8, facing a 5.8% of GDP budget deficit it can neither fund nor reduce, plunging the Fifth Republic into yet another crisis at a critical time for Europe.
BEYOND THE BOSPOROS: Ozel, the opposition “genius” who keeps playing right into Erdogan’s hands
CHP leader can call congresses, “move the HQ” and appeal to the courts all he likes. There’s just one problem – there is no law in Turkey.
COMMENT: Putin’s pivot to China cements Russia’s vassalage to Beijing
When Donald Trump declared that Joe Biden had made the “unthinkable” mistake of pushing Moscow into Beijing’s arms, the US president suggested their partnership was inherently fragile.
ING: Czech industry joins the growth pack
Industrial output accelerated in July, beating market expectations. Robust gains were recorded in key segments of manufacturing, suggesting the onset of a broad-based recovery.
COMMENT: Potential sanctions on Russian oil keeps price outlook uncertain
The ongoing Ukraine war ceasefire talks and the potential for new and even more extreme sanctions on Russian oil exports is keeping the outlook for the price of oil uncertain, Oxford Economics said in a note.
ING: Risks to Czech inflation from wages and emission allowances
Inflation eased to 2.5% in August, dragged down by another monthly decline in food prices. We see the soft reading as a low point, with inflation set to gain pace over the coming quarter.
BOOKS: Globalisation splinters as US-China rivalry reshapes world economy
'The Fractured Age’ author, Capital Economics chief economist Neil Shearing, tells bne IntelliNews the defining trend of the coming decades will be fragmentation, driven by US-China rivalry.
COMMENT: Russia’s size is its Achilles’ heel as Ukraine targets its oil infrastructure
Since August the Armed Forces of Ukraine has mounted a continuous barrage on Russian refineries that has reduced output by 20%. Russia is so big that the Kremlin can’t protect all its pipelines and refineries.
COMMENT: Can Russia weather Ukrainian drone attack fuel crisis?
Russia is once again navigating a familiar crisis: surging gasoline prices, empty fuel pumps, and mounting pressure on its domestic supply system. This is not the first time Russia has faced a fuel crisis, but this one is especially bad.
COMMENT: Can Lukashenko capitalise on thaw in relations with the US?
When Donald Trump picked up the phone en route to his meeting with Russian President Vladimir Putin in Alaska on August 15, his brief call with Belarusian leader Alexander Lukashenko marked an unprecedented diplomatic moment.
Ukraine has made Russia’s refining sector a strategic liability
Russia’s ability to produce fuel is under attack. In the Far Eastern region of Primorye, kilometre-long queues at filling stations have already appeared and petrol prices are soaring as a fuel crisis gathers momentum.