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As lira trades just below 20/$ in the interbank market, rate at the Istanbul Grand Bazaar hovers in the 21s.
The New York Times reported on May 24 that US intelligence officials believe that Ukraine was behind the drone attack on the Kremlin in May, which Russia claimed was an assassination attempt on President Vladimir Putin.
China's solar exports grew 64% in 2022 to $52bn despite global tensions, according to analysis by consultancy Wood Mackenzie.
With little expectation strongman Erdogan will be toppled in May 28 run-off vote, markets guard against economic calamity.
Ukrainian President Volodymyr Zelenskiy had a “busy day of diplomacy” at the G7 summit in Hiroshima, meeting with world leaders and reiterating the importance of Kyiv’s 10-point peace plan on May 21.
The Ukrainian city of Bakhmut has fallen and is now completely controlled by Russia’s forces, the leader of the Wagner private military company, Evgeny Prigozhin, claimed in a video posted on social media.
Russian President Vladimir Putin has introduced a bill to the Russian parliament that will pull Russia out of the Conventional Armed Forces in Europe Treaty, a key Cold War security deal that will heighten military tensions with the West further.
The North Sea is set to become Europe’s largest green power plant, as nine countries in Europe have pledged to increase the capacity of offshore wind farms by eight times their current level before 2050.
During his trip to the US, Morawiecki reasserted Europe’s need for US leadership, while also underscoring the strength of the Polish-American alliance.
Premier tones down his anti-Western rhetoric after increased pressure from the Biden administration and the threat of further sanctions against Hungarian officials.
Washington is expected to step up pressure on the Orban government to change course on its pro-Russian stance and hostility toward the US and may be considering slapping influential Hungarian individuals with sanctions.
Global investors are “desperate for signs” that Chinese President Xi Jinping and France’s President Emmanuel Macron can improve relations and avoid a hemispheric geopolitical clash as Macron starts a three-day visit to Beijing and Guangzhou.
Turkish president, once described as an “autocrat” by Joe Biden, irate after US ambassador to Ankara visits main election rival.
Alternative ENAG reading is 113%. Lira wobbles as election fever grows. Bullets hit an opposition party HQ. Erdogan, staring at defeat, has an ‘Ince plan’.
The 20-21 March Moscow summit between Chinese President Xi Jinping and Russian President Vladimir Putin has garnered significant attention and rightly so. It marks a significant change in the unfolding geopolitics.
Republika Srpska President Milorad Dodik takes cue from Putin’s Russia as he clamps down on NGOs, journalists and LGBT activists in challenge to Sarajevo’s authority.
Russian President Vladimir Putin has declared Russia will store nuclear weapons in Belarus on March 25 in response to the UK announcement it will send depleted uranium shells to Ukraine.
This summit was very short on tangible outcomes but huge on symbolism of this allegedly “no-limit” friendship.