Turkey
COMMENT: Turkish banks must embrace ecosystems
With Turkey in the midst of a once-in-a-generation economic crisis, the country’s lenders require drastic action to survive. A faster expansion of their digital offerings should be part of that.
Global climate plans still fall short
Ahead of the Cop28 climate summit beginning on November 30 in Dubai, Sultan Al Jaber, the Cop28 president-designate has said that he believes an "unprecedented outcome" is still on the cards – keeping alive hopes something will happen.
COP28: Turkey assessed as “critically insufficient” on all climate crisis goals by scientific analysis
Researcher concludes that country “has set an emission target that it can almost achieve without any serious action”.
Turkey’s official 2023 growth on course for “middle ground” as 5.9% y/y posted for 3Q23
As they attempt to “rebalance” economy, country’s new economic team must keep both the ruling politicians and global investors happy.
Erdogan calls Netanyahu “butcher of Gaza” and Turkey labelled “sick man of Nato” in day of barbs
Soothing words from the EU, though, as bloc says it wants to revive its relationship with Ankara despite rift.
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COP28 – what will be the main battles?
As around 70,000 people descend on Dubai for COP 28, the warnings signs of the climate crisis are clear. So far this year has been the hottest ever, and the future looks bleak.
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IEA offers five pillars for action at the COP28 climate summit
Renewable energy should be tripled globally by 2030. That is the first of five pillars of action from the International Energy Agency for the COP28 climate summit starting on November 30 in Dubai.
Host UAE planned to use COP28 for oil deals
COP28 host, the United Arab Emirates, has planned to use its status at the UN annual climate conference in Dubai to make new oil and gas deals with as many as 15 member nations, according to leaked briefing documents obtained by the BBC.
Raisi no-show suggests Iran irked by Turkey’s "words not action" posture on Gaza
Turkish companies provide Israel with 40% of its oil and at least 7% of its electricity. Tehran would like to see that stop.
Turkey equipping Moscow’s war machine, data shows
While Ankara records show “dual-use” goods going to Central Asia and Caucasus, trade registry discrepancies across region indicate items actually go to Russia.
Turkey beats market expectations with another 500bp rate hike
Benchmark now stands at 40% versus 8.5% at the start of the tightening cycle in June.
Turkey again spikes wheels of Sweden’s Nato bid
Ankara reportedly informs defence alliance that ratification has hit delays ahead of big meeting of Western top diplomats.
COMMENT: Governments are failing us on climate change as COP28 nears
The outcome of COP28 won’t save the world from climate chaos. That much is clear, with major economies failing on climate change, the US continuing to drill fossil fuels and China building more coal-burning plants.
Brazilian butt-lift death prompts Turkey-UK meeting over medical tourism
British Foreign Office aware of more than 25 Britons who have died since January 2019 following medical procedures in Turkish clinics.
INTERVIEW: Green transition must be a just transition, says EBRD chief economist
EBRD research shows majority in transition countries believe climate change will severely affect the children of today, but fewer people are willing to pay to address the climate emergency.
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Boom in bounced cheques shows Turkey in grip of liquidity crunch
Number not honoured by banks due to insufficient funds has shot up in past few months.
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Sometimes known as the sirocco, haboob, yellow dust, white storm or harmattan, the phenomenon that engulfs everything in its path can be a costly disaster.
Erdogan’s nephew sells 20% stake in BinBin Scooters’ parent company via Istanbul IPO
Transaction concluded for 1.2bn lira ($41mn).
Erdogan set to push Scholz for Eurofighter jet sales in Berlin meeting
German chancellor expected to block any such deal. Tensions between Turkey and allies on approach to Israel and Sweden’s Nato application among obstacles.
Erdogan slams Israel as “terror state” as lieutenants file “genocide” case at world court
“Hitler of the 21st century” Israeli PM Netanyahu must stand trial for crimes against humanity, says attorney of Turkey’s ruling party.