Is Turkey’s economy heading for a monetary policy U-turn?
25 June 2023 | 7:23 am
Following the reelection of President Recep Tayyip Erdogan, analysts are asking whether Turkey sticks to the unorthodox low interest rate policy he has supported. The crisis-ridden market may be heading for a turnaround.
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The Treaty of Lausanne was signed on July 24, 1923. Although its significance is often underestimated, it still ensures stability in the eastern Mediterranean a century later.
Economists set a gloomier outlook for the coming months, as official data showed Germany's GDP stayed flat in the three-month period between April and June.
A new study has shown that Germans still find tackling climate change important, but the data also revealed discrepancies over what people are actually willing to do about it.
Germany's economy is in decline. Now the main opposition party, the center-right CDU, has presented an emergency program to combat the recession, stepping up pressure on Chancellor Olaf Scholz.
After five days of consecutive losses, the Russian ruble has crashed below a psychologically important mark of 100 rubles for $1 US. What's causing the slide?
The German economy emerges from recession, but is still in a phase of weakness. From April to June, it recorded zero growth compared to the previous quarter.
Europe's largest economy has flatlined recently, showing no signs of recovery from a winter recession. The International Monetary Fund has predicted Germany will be the only major advanced economy to shrink in 2023.
As a group of senior Gabonese military officers announce they have seized power and placed President Ali Bongo under house arrest, we take a closer look at Gabon's economic situation. The Central African nation is the fourth-largest oil producer in sub-Saharan Africa, but a third of its population lives below the poverty line. One particular source of frustration lies in the high levels of corruption: the country ranks 136th in Transparency International's Corruption Perceptions Index.
Turkish President Recep Tayyip Erdogan is urging Russia to return to a deal allowing Ukraine to export grain, easing a global food crisis. However, Moscow is seeking concessions that only the West can offer.
At least seven people have died after torrential rains caused flash flooding in Greece, Turkey and Bulgaria. The deluge comes on the heels of extreme heat over summer.
More than a dozen people died in Greece, Turkey and Bulgaria as heavy rains hit parts of those countries. Record rainfall hit the central region of Magnesia in Greece.
Vice Chancellor Robert Habeck said Germany remains a "highly attractive location" for investors. But the statistics agency said industrial output fell for a third straight month, and that wasn't the only negative news.
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One month after opening a Tesla factory in Berlin, tech enterprenuer and billionaire Elon Musk opened the newest electric car making facility in Austin, Texas.
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We look at the profiles of some of the hostages released by Hamas over the past three days and take a look at how Israeli papers are reacting to the hostage release deal. We also see why there's little optimism ahead of this week's COP28 climate summit in Dubai. We finish with a look at this year's highly timely Booker Prize winner.
3 hours ago
Samuel Paty was killed by a suspected Islamist after showing cartoons of Prophet Mohammad to his class. Five teenagers are charged with identifying the teacher to his killer for payment.
4 hours ago
North Korea has sent troops to restore border posts that were taken town as part of an agreement to ease tensions, Seoul says.
4 hours ago
The protesters were blocking shipping traffic at the Port of Newcastle over the weekend, challenging the nation's dependence on fossil fuel exports.
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