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Situated in the destination’s stunning southwest, it’s a region that, beyond a few hot spot destinations like Bodrum, is sometimes overlooked by international visitors. An artist’s viewThe best place to start is the sunny seaside town of Göcek, located between Fethiye and Dalyan. ‘The good life’Tourists flock to Dalyan's mud baths to rejuvenate their skin. And that’s where Dalyan’s mud baths come in. The endless views, the blues of the sea and the whites of the beaches help make it a magnificent experience.
Persons: it’s, Dilara Akay, ” Akay, , , Kenan Olgun, Kate Clow, Alexander the Great, Clow, shirk, , Murad Sezer, Sergey Alimov, King Miletus, Byblis, Caunus, Ali Riza Akkir, I’ve, Ertas Organizations: CNN, Bodrum’s, Akay, , Tourists, Reuters, Anadolu Agency, Getty Locations: Muğla Province, it’s, Turkey, Göcek, Fethiye, Muğla, Aegean, Egypt, Hammam, Antalya, Lycia, “ Turkey, France, Spain, ‘ Turkey, Rivers, Kaunos
Palmer Luckey's Anduril is bringing its tech to the US Army's Integrated Visual Augmentation System. Luckey, who was ousted from Facebook, added that he is among the smartest people in the VR industry. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Palmer Luckey, the billionaire founder of Oculus VR and Anduril Industries, is bringing his virtual reality software to the military world after inking a new deal announced on Thursday.
Persons: Palmer, Luckey, , Palmer Luckey Organizations: Facebook, VR, Service, Anduril Industries, US, Business
Read previewEarlier this month, a spokesperson for Turkey's ruling AK Party said that a process was "underway" for Turkey to join the BRICS group of emerging-market nations. He now appears to be seeking to maintain what experts have dubbed a "balancing act" between its relations with the West, Russia, and China. "Even if Turkey does join BRICS, I do not believe it is going to lead to a fundamental redefinition of Turkey's relationship with the West." Advertisement"Understanding and collaborating with Turkey's perspective can enhance US and NATO relations with Turkey, irrespective of potential administrative changes in Ankara," Can wrote in an article for the Wilson Center. For its part, the US has remained relatively quiet following the news that Turkey's BRICS ambitions may be inching forward, which Aydintaşbaş said was likely a savvy move aimed at avoiding a public dispute.
Persons: , Omer Celik, Tayyip Erdoğan's, Aydintaşbaş, Erdogan, Bulent Aliriza, Yusuf, Aliriza, there's, Turkey's Organizations: Service, AK Party, Reuters, Business, United, Saudi, NATO, EU, West, Brookings Institution, Russia, China, Eurasia Program, Center for Strategic, International Studies, Middle, Wilson Center, Wilson, of Europe, France Locations: Turkey, Ankara, Turkish, Brazil, Russia, India, China, South Africa, Ethiopia, Iran, Egypt, United Arab Emirates, Saudi Arabia, Ukraine, United States, Europe, France, West, Russian, U.S, Washington, Kazan
Turkish Foreign Minister Hakan Fidan attends the BRICS+ session on a two-day BRICS foreign ministers summit held in Nizhny Novgorod, Russia on June 11, 2024. BRICS, which stands for Brazil, Russia, India, China and South Africa, is a group of emerging market countries that seek to deepen their economic ties. Russian President Vladimir Putin shakes hands with Turkish President Recep Tayyip Erdogan during their joint press conference on September 4, 2023, in Sochi, Russia. The fact that it's led by China makes some in the West wary, who see this as a potential win for Beijing. Turkish President Recep Tayyip Erdogan (not seen) is welcomed by Chinese President Xi Jinping as part of the 11th G20 Leaders' Summit in Hangzhou, China, on September 3, 2016.
Persons: Hakan Fidan, Sefa, It's, George Dyson, Dyson, Matthew Bryza, Recep Tayyip Erdogan, Vladimir Putin, Russia —, Arda Tunca, Tunca, it's, Xi Jinping, Mehmet Ali Ozcan Organizations: Turkish, Anadolu, Getty, AK Party, NATO, Control, CNBC, EU, White House, Senior State Department, United Arab, Russia, West, China, Beijing, Anadolu Agency Locations: Nizhny Novgorod, Russia, Brazil, India, China, South Africa, Iran, Egypt, Ethiopia, UAE, Western, Turkey, Europe, U.S, Ankara, Istanbul, Ukraine, Saudi Arabia, United Arab Emirates, Russian, Sochi, United States, BRICS, Turkish, Hangzhou
These regional powers are betting they can build an expendable air force without the massive costs of aircraft carriers, fighter jets and pilots trained to fly them. Naval experts agree that drone ships represent new possibilities while pointing out that these ships fall far short of the aircraft carriers and amphibious assault ships that top navies sail. Turkey developed the Bayraktar TB3 naval drone for the Anadolu and claims the unmanned Kizilelma fighter jet it is developing could also operate from it. Although far from the might and versatility of flattops, these vessels enhance Turkey and Iran's respective capabilities to project naval power. These drone-carriers also have inherent shortcomings when compared to aircraft carriers and amphibious assault ships in other navies.
Persons: , Bryan Clark, Recep Tayyip Erdogan's, Shahid, Shahid Bagheri, Shahid Mahdavi, Diego Garcia, IRGC, Emin Sansar, Shaul Chorev, Chorev, Clark, Andrew, Woody, Lewis, who's, Iran's Organizations: Service, Hudson Institute, Business, TCG Anadolu, Anadolu, Iran's Revolutionary Guard Corp, Getty, US Navy, Maritime Policy, Research, Israeli National Center of Blue, Israeli Navy, Iranian, IRIN, Islamic Republic of Iran Navy, Center for, US 2nd Fleet Locations: Turkey, Iran, Ankara, Turkish, Soviet, Diego, Anadolu, Iranian Navy, Islamic Republic of Iran, US
I grew up in Southern California in the 80s and 90s, where my dad introduced my brother, my sister and me to the surprisingly big ice hockey scene there. I went on to be a member of the U.S. Women's Hockey team in 1998, 2002, 2006 and 2010. Watching them, I've thought a lot about what it was like to come back from my own critical injury. With both injuries, I had to go to physical therapy in order to return to hockey. I learned to be emotionally resilientI don't think my trajectory, in sports and in business, would have been possible without the lessons I learned from my physical therapy.
Persons: Simone Biles, Suni Lee, I've Organizations: International Olympic, Athletes ', IOC, Women's Hockey, Harvard, University of Minnesota Locations: Southern California, Paris, U.S, Tokyo
The deal will help improve Key's balance sheet, Jim Cramer said. Robinhood : Shares rose more than 4% after Piper Sandler upgraded the brokerage firm's stock to a buy rating. Prologis : Shares fell a little over 1% after Bank of America downgraded the stock to a hold rating. Qualcomm shares were down about 1% Monday. General Mills : Shares were slightly lower despite Goldman Sachs initiating coverage of the stock with a buy rating.
Persons: Jim Cramer's, Jim Cramer, Piper Sandler, Cramer, Jim, I'm, General Mills, Goldman Sachs, Mills Organizations: CNBC, Club, Canada's Scotiabank, Bank of America, Qualcomm, Wolfe Research, Apple, Mondelez Locations: Cleveland
Turkey restores access to Instagram after 9-day block
  + stars: | 2024-08-10 | by ( ) www.cnbc.com   time to read: +2 min
PARIS, FRANCE - OCTOBER 07: In this photo illustration, social media, Instagram and Threads application logos are displayed on the screen of a smartphone on October 07, 2019 in Paris, France. The social network Instagram launched last week Threads its new application to promote the constant and intimate sharing between users and their closest friends. (Photo by Chesnot/Getty Images)Turkey said on Saturday it had restored access to social media platform Instagram after the company agreed to cooperate with authorities to address the government's concerns. Turkey blocked access to the social media platform on Aug 2 for failing to comply with the country's "laws and rules" and public sensitivities. This is the country's longest ban of a major social media platform in recent years," Internet monitor NetBlocks said.
Persons: Instagram, Ismail Haniyeh, Abdulkadir Uraloglu, Uraloglu, Meta, NetBlocks Organizations: Chesnot, Hamas, Israel, West, Infrastructure, Reuters Locations: PARIS, FRANCE, Paris, France, Turkey, Gaza, India, United States, Brazil, Indonesia
PARIS — The second boxer at the center of a global debate over gender eligibility and fairness at the Paris Olympics won her semifinal match Wednesday, ascending to the featherweight gold medal bout. Lin and another female Olympic boxer, Imane Khelif of Algeria, continue to face intense scrutiny and false accusations about their gender and eligibility to compete with women. The Bulgarian Olympic Committee later confirmed that Staneva was boasting about having XX chromosomes in an attempt to mock Lin. "The opponent is a respectable one.”Algeria's Imane Khelif reacts after defeating Thailand's Janjaem Suwannapheng in a women's 66-kilogram semifinal boxing match at the Olympics on Tuesday. Some who initially criticized Khelif and Lin apologized as more information about them and the IBA’s legitimacy came to light.
Persons: Lin Yu, Esra Yildiz, Lin, Imane, Kahraman, Svetlana Staneva, Staneva, Turkey's, Peter Byrne, ” Lin, couldn't, Khelif, Thailand's Janjaem, Ariana Cubillos, Thailand’s Janjaem, Umar Kremlev —, Vladimir Putin —, Thomas Bach, ” Bach, Aijaz, , Mark Adams, ​ “, Lin’s, Khelif’s, Kremlev, Imane Khelif, Vadim Ghirda, Elon Musk, Harry Potter ”, J.K, Rowling, Donald Trump, ” Trump, Logan Paul, ” Riley Gaines, Nikki Hiltz, , ” Hiltz, it’s, ” Khelif, Yang Liu of, Julia Szeremeta, Garros, David K, Li, Matt Lavietes, Jiachuan Wu Organizations: PARIS, Paris Olympics, Bulgarian Olympic, Representatives, Turkish Olympic, Press, AP, Tokyo, Boxing Association, Olympic Committee, IOC, IBA, SNTV, USA, Olympics, X, Boston Globe, Roland Locations: Taipei, Turkey, Algeria, Paris, Russian, New Delhi, Russia, Hangzhou, China, Istanbul, , Yang Liu of China, Taiwan, New York
VILLEPINTE, France — Lin Yu-ting won her quarterfinal bout at the Paris Olympics against Bulgarian Svetlana Staneva in a unanimous decision on Sunday that assured a medal for the featherweight representing Chinese Taipei. Lin said she focused on preparing for the fight, apparently shrugging off baseless questions about her gender and eligibility to compete as a woman. Taiwan's Lin Yu-ting reacts after winning the women's 57kg quarter-final boxing match during the Paris 2024 Olympic Games on August 4, 2024. But then all five judges scored it 10-9 for Lin in the next two rounds, securing a semifinal appearance. She'll fight Turkey's Esra Yıldız Kahraman on Wednesday night with that winner advancing to the gold medal round on Saturday night.
Persons: France — Lin Yu, Bulgarian Svetlana Staneva, Lin, Taiwan's Lin Yu, Mohd Rasfan, She'll, Kahraman Organizations: Paris Olympics, Bulgarian, Getty, Boxing Association, IOC, USA Boxing, Staneva Locations: VILLEPINTE, France, Taipei, Taiwan, AFP, Russian
The 2024 Summer Olympics are heading into their second weekend, and it’s truly been one for the history books. Turkey's Yusuf Dikec competes in the shooting 10m air pistol mixed team gold medal match during the Paris 2024 Olympic Games at Chateauroux Shooting Centre on July 30, 2024. Aleksandra Szmigiel/ReutersFrench athletes wave flags as they sail in a boat on the river Seine during the opening ceremony for the 2024 Summer Olympics in Paris, France, Friday, July 26, 2024. Fabrice Coffrini/AFP/Getty ImagesFrance's Anthony Jeanjean competes in the Men's Cycling BMX Freestyle Park Final during the Paris 2024 Olympic Games in Paris, on July 31, 2024. Emmanuel Dunand/AFP/Getty ImagesVisitors take pictures of the Olympic cauldron as it rises high after sunse on day two of the Olympic Games Paris 2024 at on July 28, 2024 in Paris, France.
Persons: it’s, Simone Biles ’, Léon, Simone Biles, Naomi Baker, she’s, Biles, Read, Léon Marchand, Gold, Leon Marchand, Quinn Rooney, he’s, Marchand, , , Philippe Katerine, Dionysus, Katerine, ” Katerine, Anne, Christine Poujoulat, drenching, Cassandre Beaugrand, Alex Yee, New Zealand’s Hayden Wilde, Wilde, Yee, Novak, Serbia's Novak Djokovic, Lorenzo Musetti, Clive Brunskill, Rafael Nadal, Andre Agassi, Steffi Graf, Serena Williams, Djokovic, Nadal, Spain’s Carlos Alcaraz, Ilona Maher, Maher, Andy Murray, Murray, American’s Taylor Fritz, Tommy Paul, Dan Evans, Andy Murray’s, Kim Yeji, Charles McQuillan, there’s Yusuf Dikeç, Kim, Turkey's Yusuf Dikec, Alain Jocard, Dikeç, Imane Khelif, Angela Carini, dislodging, Carini, Mark Adams, ” Khelif, WADA, CHINADA –, Aleksandra Szmigiel, Franck Fife, Yoshimura Miho, Rwanda's Tufaha, Fabrice Coffrini, France's Anthony Jeanjean, Emmanuel Dunand, Maja Hitij, Amy Woodyatt, Patrick Sung, Gul Tuysuz, Jessie Yeung, Saskya Vandoorne, Ben Church, George Ramsay, Scottie Andrew, Chris Liakos, Simone McCarthy, Andrew McNicol, Kara Fox Organizations: Paris CNN, Paris Olympics, Olympic, Team United, Olympic Games, Bercy Arena, USA, Team France, Paris La Defense, La Défense, Games, CNN, Catholic, French Catholic Church, Paris, Getty, Wimbledon, US, rugby, Team USA, Australia, tennis Shooters, Team Republic of, Chateauroux Shooting, Olympic Committee, Tokyo, China’s, Doping Agency, Tokyo Games, Eiffel, Reuters, Palais Locations: Paris, France, Tokyo, Nanterre, French, AFP, Seine, New, Italy, Los Angeles, Team Republic of Korea, Chateauroux, South Korea, Turkey, Turkish, Beijing
Turkey blocked access to Instagram for its 85 million people, the country's Information and Communication Technologies Authority announced Friday morning. According to Turkish media, there are more than 50 million users of the photo-sharing app in the country. Reports however suggest the ban was a response to the Meta -owned platform removing posts related to the death of Hamas leader Ismail Haniyeh. Iranian officials and Hamas blame Israel for what they say is an assassination, while Israel has declined to comment. Fahrettin Altun, head of Turkey's presidential communications and an aide to Turkish President Recep Tayip Erdogan, on Wednesday criticized Instagram, accusing it of censorship.
Persons: Instagram.com, Ismail Haniyeh, Haniyeh, Israel, Fahrettin Altun, Recep Tayip Erdogan, Instagram, Altun, Meta, Israel —, Erdogan Organizations: Communication Technologies, Turkey's Daily, CNBC, Turkish Locations: Turkey, Turkish, Turkey's, Turkey's Daily Sabah, Tehran, Israel, Gaza
Investors should snap up beat-down Marcus Corp. shares as the film industry continues rebounding, according to Benchmark. While Marcus stock has slipped more than 13% in 2024, rivals Cinemark and Imax have climbed more than 59% and 36%, respectively. "We believe Marcus offers a compelling catch-up trade," Hickey told clients in a Sunday note. MCS CNK,IMAX YTD mountain Marcus vs. Cinemark and Imax in 2024 Notably, Marcus is much smaller than these other names. Marcus' removal from the S & P 600 and its repurchase of convertible notes also negatively impacted the stock, Hickey said.
Persons: Marcus Corp, Mike Hickey, Marcus, Hickey Organizations: Hollywood Locations: Minnesota, Wisconsin
A Jet Ski-style vehicle packed with explosives was found off the coast of Turkey. The watercraft, thought to belong to the Ukrainian military, features sensors and a Starlink antenna. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA modified Jet Ski-style vehicle laden with explosives was found floating off the coast of Turkey, near Istanbul. The personal watercraft, believed to belong to the Ukrainian military, may offer a unique insight into how Ukraine has been producing makeshift sea drones.
Persons: , Turkey's, Sutton Organizations: Service, Turkey's İhlas News Agency, Business Locations: Turkey, Istanbul, Ukraine
But the program has since moved to another station, and its legacy in San Diego is a faint, fond memory. AdvertisementWith such a rich history of aerial dynamism, it's no surprise that San Diego has become a major hub of this technology. Defense, AI, and a warming reception from VCsLong before AI became a household buzzword, Shield AI launched in San Diego. AdvertisementBut San Diego seemed to be a better fit with its access to open land and proximity to the ocean. That pipeline continues to feed into the San Diego tech ecosystem, feeding and driving the aerial innovation it has become known for over a century.
Persons: , Tom Cruise, Larsen Jensen, Palmer Luckey's Anduril, Brandon Tseng, VCs Long, Tseng, Ryan, presciently, Hivemind, It's, shouldn't, Jensen, Ian Muceus, Muceus, we've, Firestorm's, Firestorm, Glenn Curtiss, Grant Jordan, Andreessen Horowitz, — Jordan, Jordan, SkySafe, Tim Draper, Aleksey Matyushev, Matyushev, Oakland — Natilus, Natilus, General Atomics, Northrop Grumman, Lockheed Martin Organizations: Service, Kawasaki Ninja, hotshot Navy, US Naval Air Station, Business, Navy, Harpoon Ventures, Defense, aha, Navy SEAL, US Department of Defense, Coast Guard, Air Force, Marine Corps, BAT, SpaceX, Marque Ventures, Silent Ventures, US Navy, Soma, Oakland, San Diego International Airport, Brown Field Municipal, Northrop, Lockheed Locations: San Diego, Miramar, Diego's, Diego, Afghanistan, Persian, Israel, Caribbean, Bay, San Diego Bay, West, San Jose, San Francisco, Central Valley, Vallejo, Kona
US President Donald Trump arrives for the NATO summit at the Grove hotel in Watford, northeast of London on December 4, 2019. U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky speak during a meeting in New York on September 25, 2019. Hanno Pevkur, Estonia's defense minister, emphasized that NATO allies did not interfere in each other's domestic politics and democratic processes. So when, when the choice of American people is Donald Trump, then it's Donald Trump. Then all the countries in the world, including Estonia, including the NATO allies, have to talk with this administration who will be put in place."
Persons: Donald Trump, Christian Hartmann, Trump, Recep Tayyip Erdogan, Peter Nicholls, Jens Stoltenberg, Stoltenberg, Joe Biden's, , Volodymyr Zelensky, Saul Loeb, Donald Trump's, Keir Starmer, Starmer, we've, that's, Radosław Sikorski, CNBC's Steve Sedgwick, Hanno Pevkur, It's, France —, Balázs Orbán, Viktor Orbán Organizations: NATO, AFP, Getty, Republican, Ukraine, Eurasia Group, Trump, Ukrainian, Independent, CNBC, Hungary's Locations: Grove, Watford, London, Washington, Ukraine, China, North Korea, Iran, Britain, New York, Europe, Russia, Estonia, United States, Germany, Canada, France, Poland
Asia-Pacific markets opened higher on Tuesday, tracking gains on Wall Street that saw the S&P 500 and the Nasdaq Composite closing at record highs overnight. Hyundai on the other hand reached a tentative wage agreement with its labor union, averting a strike. Hyundai shares slid 1.59%. Last week, the European Union had hiked tariffs on electric vehicles imported from China. Traders in Asia will also watch out for Australia's business confidence data due later in the day.
Persons: Kospi, Mehmet Fatih Kacir, Australia's Organizations: Nasdaq, Nikkei, Samsung Electronics, Hyundai, European Union, Traders Locations: Asia, Pacific, Turkey, China
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. This story is available exclusively to Business Insider subscribers. Business Insider contacted BYD for comment but didn't immediately hear back. Turkey is part of the EU's Customs Union, and any BYD cars manufactured there could avoid the 17.4% additional tariff the EU slapped on BYD vehicles imported from China. Plans by Chinese EV giants BYD, MG, and Chery to build factories in Mexico have sparked concern among US officials over fears they could be used as a "backdoor" into the US market.
Persons: , Elon, Mehmet Fatih, BYD, didn't, It's, Philip Nothard, Nothard, Elon Musk, Tesla Organizations: Service, Business, Union, EV, EU's Customs Union, BYD, Chery, Cox Automotive Locations: Turkey, Europe, China, Mexico, Germany
Actually, you can see the whole tournament for free, as shown in our guide on where to watch free Euro 2024 live streams. How to watch free Netherlands vs. Turkey live streams from anywhereWith a quick and easy workaround, you can catch all Euro 2024 action for free, including Netherlands vs. Turkey today. Where to watch Netherlands vs. Turkey in the USAFox/FS1 has the rights to all the remaining matches for Euro 2024 in the USA, including Netherlands vs. Turkey. Where to watch Netherlands vs. Turkey in SpainAll Euro 2024 matches can be seen for free on RTVE in Spain. Where to watch Netherlands vs. Turkey in AustraliaOptus Sport, a paid streaming service, exclusively holds all the Euro 2024 live streams in Australia.
Persons: you'll, ExpressVPN, FS1, Fubo, You'll, That's Organizations: Business, Orange Army, Romania, Austria, BBC, ITV, Olympics, Wimbledon, RTL, RTE2, USA Fox, Nations, Australia Optus Sport, Optus Locations: Netherlands, Turkey, Ireland, Italy, Germany, Spain, USA, Australia
Turkey's pro-Western tilt and Ukraine support have strained the Erdoğan-Putin relationship. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTurkey's President Tayyip Erdoğan has long been eyeing the role of peacemaker in Russia's war with Ukraine. Erdoğan most recently pursued this ambition again on Wednesday when he told Russian President Vladimir Putin that Ankara could help end the war, Reuters reported, citing the Turkish presidency. The two leaders were speaking on the sidelines of the Shanghai Cooperation Organisation summit in Kazakhstan, which Putin is attending in person.
Persons: Erdoğan, Putin, , Tayyip Erdoğan, Vladimir Putin Organizations: Kremlin, Service, Reuters, Shanghai Cooperation Organisation Locations: Russia, Ukraine, Turkey, Erdoğan, Ankara, Kazakhstan
CNN —The German interior minister has condemned the celebrations of Turkish defender Merih Demiral following Turkey’s win against Austria at the European Championship on Tuesday. “Using the European Football Championship as a platform for racism is completely unacceptable. And I felt that to the fullest after the second goal, so I ended up doing that gesture,” Demiral told reporters after the game. CNN has reached out to the Turkish Football Federation for comment. In a statement on Wednesday, the Turkish Foreign Ministry said that it is “unacceptable” for UEFA to open a disciplinary investigation against Demiral.
Persons: Merih Demiral, Demiral, , Nancy Faeser, , ” Demiral, Wolfgang Rattay, Demiral’s “, Türkiye, Merih, ” Turkey’s Organizations: CNN, Austria, Grey Wolves, European Football, UEFA, Reuters UEFA, Turkish Football Federation, Turkish Foreign Ministry, Demiral Locations: Turkish, Germany, Austria, Leipzig, Netherlands, Berlin
Read previewA growing number of young people globally are struggling to stay in work or school. "They are searching for places where they can be true to themselves, where mental health is not looked down upon but helped, and where working sometimes from home or a coffee shop is possible." AdvertisementRather than jump on the first opportunities that come along, voluntary NEETs are holding back for the right job. Better guidanceOther career experts agreed that development should start early so students understand the variety of different paths available to them. Experts remain divided over how to address the rise in NEETs, in part because no solution would work for all.
Persons: , Louis, there's, Sen, Tim Kaine, who's, Nezih Allioglu, Michaela Wright, Friederike Fabritius, Fabritius, Fabritus, Kleeman Organizations: Service, International Labour Organization, Louis Federal Reserve's Institute for Economic Equity, Business, European Commission, Young Enterprise, Governance Association, New Workforce, Prince's, Labour Force Survey, Sustainability, HSBC UK, Google, Deloitte, WSJ Locations: NEETs, NEETS
Discounted Russian gas is hitting European markets, the Center for European Policy Analysis said. AdvertisementRussia has unleashed discounted gas onto European markets, working to keep countries hooked on its energy supply, the Center for European Policy Analysis said. Although the Ukrainian route has continued supplying Western markets through the war, its January expiration would likely be enough to risk a Gazprom bankruptcy. Slovakia, Hungary, and Austria are among examples CEPA cited as customers for Russian gas. AdvertisementAlready, Southern European traders are profiting by buying cheap Russian gas pumped through a Turkish pipeline and then selling it at a premium in Western European markets, she suggested.
Persons: , It's, Aura Sabadus, CEPA, Sabadus Organizations: Center for, Kremlin, Service, Ukraine —, Moscow, Gazprom Locations: Ukraine, Russia, Ukrainian, Eastern, Slovakia, Hungary, Austria, Gazprom's, Southern, Turkish, Poland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese EV manufacturers are now 'scouting' the EU, professor saysCedomir Nestorovic, professor of geopolitics at ESSEC Business School, discusses EU-China trade tensions and Turkey's decision to impose an additional 40% tariff on vehicle imports from China.
Persons: Cedomir Nestorovic Organizations: ESSEC Business School, EU Locations: China
Inflation in Turkey topped 75% in May in what economists expect to be the peak before prices start to ease. Consumer prices rose 75.45% in May on an annual basis and 3.37% on a monthly basis, according to the Turkish Statistical Institute, a government agency. Economists had previously forecast that inflation in the country of 85 million would peak around 75%. Turkey's central bank has kept its interest rate at 50% since March, citing the continuing need to counter climbing inflation in the country. The bank said at the time that "tight monetary stance will be maintained until a significant and sustained decline in the underlying trend of monthly inflation is observed."
Organizations: Turkish Statistical Institute Locations: Turkey
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