Turkey
Turkey hits brake on monetary tightening, policy rate left unchanged at 45%
Benchmark will be further raised should the inflation outlook flash red, says regulator.
With decisive actions, net zero energy is within reach in Emerging Europe and Central Asia, says new World Bank report
A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.
With decisive actions, net zero energy is within reach in the Emerging Europe and Central Asia, says new World Bank report
A new World Bank report released today lays out pathways for countries in the emerging Europe and Central Asia region to make the shift towards renewable energy and reduce their fossil fuel dependence.
Fusion another step closer?
Fusion, the holy grail of the energy transition, is closer than ever before. But it’s still unclear whether it can be commercialised in time to ward off the climate crisis.
ISTANBUL BLOG: Provincial party bigwig allegedly flees to France after hiring assassin who only shoots for the legs
Series of events perhaps a good reflection of the disintegration of Turkey’s Iyi Party.
Turkey releases top exec detained after gold mine landslide disaster within hours
Experts say ultimate cost of accident likely to be many multiples of money saved on mining operations through inadequate construction and/or operation of leach heap in gold extraction.
,_GWEC_resized_Cropped_(1)_7_1707932916.jpg)
World must invest $8 trillion in renewables by 2030 to meet COP28 goal
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.
Turkey’s new central bank chief rules out more rate hikes in near term
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.
Turkey’s finance minister Simsek reportedly asked Erdogan to remove central bank governor Erkan
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”.
Earth has already passed 1.5 degrees warming, says study
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.
ISTANBUL BLOG: Turkey’s earthquake victims are thankful their homes collapsed, says urban planning minister
On first anniversary of disaster, Mehmet Ozhaseki explains to devastated families the quite amazing good fortune that has brought them new housing.
Angry crowds chant “Can anybody hear my voice?” as Turkish health minister addresses earthquake memorial
Slogan references calls heard from many victims who died trapped under rubble before rescue teams could arrive.
_1_1707213090.jpg)
Politician's reference to “130,000” reopens question of how many died in Turkey’s quake disaster
Shadow of devastation worsens as displaced realise Erdogan’s pledge of 319,000 new homes by first anniversary of catastrophe was an empty promise.
Turkey releases official January inflation at 65% y/y
Istanbul-based ENAG inflation research group calculates rate of 127% y/y.
ISTANBUL BLOG: All hail Turkey’s new central bank governor!
No need to get squawkish, this guy is more hawkish.
LONG READ: Will economic wrecker Erdogan let the technocrats fix Turkey?
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.