Turkey Can Reverse Course on the Economy or Wait Until the Markets Force It To

barrons.com About the author: Desmond Lachman is a senior fellow at the American Enterprise Institute. He was previously a deputy director in the International Monetary Fund’s Policy…

With a Doppelgänger Novel, Deborah Levy Embodies Strangeness

nytimes.com In writing her new novel “August Blue,” Deborah Levy liked the idea of using the doppelgänger to explore the mind and the way “we all talk to ourselves.” The author writes…

For Turkey, Erdogan Victory Brings More Risky Economic Policy

nytimes.com The Grand Bazaar in Kayseri, Turkey, in April. Analysts believe President Recep Tayyip Erdogan’s policies have fueled inflation and eroded the value of the lira. The Turkish…

How Turkey’s president Erdogan has maintained a tight grip on power in the country

seattletimes.com Turkish President Recep Tayyip Erdogan takes the oath of office and starts his third presidential term Saturday following his latest election win.

How Turkey's president Erdogan has maintained a tight grip on power in the country

abcnews.go.com ANKARA, Turkey -- Turkish President Recep Tayyip Erdogan, a populist with increasingly authoritarian tendencies, is scheduled to take the oath of office and start his third…

Escobar: The Sultan 2.0 Will Heavily Tilt East

zerohedge.com Escobar: The Sultan 2.0 Will Heavily Tilt East Authored by Pepe Escobar via The Cradle, It's not that Erdogan has a scheme to head east at the west's expense. It's just that…

Ukraine latest: Putin likely safe despite South Africa court action: report

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Twitter and Tesla’s interests at odds in Elon Musk’s quiet China visit

theguardian.com Followers of Elon Musk didn’t know what to expect from his trip to China. Would he speak about Tesla, a company with a large market and manufacturing footprint there? Or…

Ukraine latest: Zelenskyy pushes for NATO membership, as Macron talks security guarantees

asia.nikkei.com The war that began with Russia's invasion of Ukraine in February 2022 has passed a grim one-year milestone, with mounting military and civilian deaths. As fighting rages in…

Whatever Happened to Good, Old-Fashioned Political Landslides?

newsweek.com Why are elections so tight almost everywhere? It's a metaphysical mystery of our time. This week's election in which Turkey's autocrat was reelected by a wafer-thin majority…

US sanctions Iranians over alleged assassination plots of former US officials, dissidents

apnews.com The United States on Thursday announced sanctions against a group of Iranian and Turkish people and firms accused of plotting to assassinate former U.S. government…

Is Twitter the new Fox?

cjr.org Last week, Twitter hosted a live interview with Ron DeSantis, the Republican governor of Florida, who used the platform’s audio feature, known as Twitter Spaces, to launch…

Orwell Against Progress

marginalrevolution.com Orwell was deeply suspicious of technology and not simply because of the dangers of totalitarianism as expounded in 1984. In The Road to Wigan Pier, Orwell argues that…

White House Steps Up Pressure On Turkey: "Time Is Now" To Admit Sweden Into NATO

zerohedge.com White House Steps Up Pressure On Turkey: "Time Is Now" To Admit Sweden Into NATO The United States and the Western allies are stepping up the pressure on Turkey to admit…

London IPO of soda ash firm could net Turkish billionaire’s family £650m

theguardian.com The family of a Turkish billionaire, who owns a football stadium named after the country’s recently re-elected authoritarian president, Recep Tayyip Erdoğan, could be in…

America’s national beer could soon be Mexican as Memorial Day weekend sales drop plunges Bud Light further into crisis

yahoo.com Memorial Day is usually a time for families to fire up the backyard grill, invite the neighbors over, and enjoy the sunshine over hot dogs and hamburgers—and, yes, beer.…

Quick Commerce Apps Like Getir In Need Of Fast Reinvention To Survive

forbes.com Leading quick commerce startup Getir is considering closing all of its dark stores in France besides those located in Paris and letting go of more than 500 employees. After…

With Erdoğan back, Sweden presses Turkey again on NATO bid

politico.eu LULEÅ, Sweden — Sweden has met all of its commitments to join NATO and expects to become part of the transatlantic military alliance by July, Tobias Billström, the country’s…

Theodoros Pangalos, outspoken Greek former foreign minister, dies at 84

go.com ATHENS, Greece -- Theodoros Pangalos, a former Greek foreign minister known for his undiplomatic outbursts and on whose watch Greece suffered one of its most embarrassing…

Dublin fintech NomuPay raises $53.6m for payments platform

siliconrepublic.com Led by CEO Peter Burridge, NomuPay has been playing its cards wisely with a series of licence acquisitions and top-level hires in the lead-up to the latest funding. NomuPay,…

Twitter is Approving Far More Government Censorship Requests Under Elon Musk

socialmediatoday.com One of the key questions posed early on around Elon Musk’s ‘free speech’ led takeover at Twitter was: ‘What will Elon do when government requests come from regions where…

Sideshow, Janus Films Take Nuri Bilge Ceylan’s Cannes Competition Title ‘About Dry Grasses’ for U.S. (Exclusive)

hollywoodreporter.com Sideshow and Janus Films have picked up U.S. rights to Nuri Bilge Ceylan’s Cannes Film Festival competition entry About Dry Grasses, securing the Turkish drama from sales…

What Does Five More Years of Turkey's Erdogan Mean for the West?

newsweek.com After two decades of dominating Turkish politics—11 years as prime minister and 9 years as president of Turkey, Recep Tayyip Erdogan was recently re-elected for another…

Dollar hits highest since mid-March as European inflation cools

reuters.com LONDON/TOKYO, May 31 (Reuters) - The U.S. dollar rose strongly on Wednesday to a more than two-month high after data showed European inflation is cooling quicker than…

Wheeling and Dealing: How Auto Dealers Put The Brakes on Direct Sales

marginalrevolution.com Alexander Sammon attends the the annual convention of the National Automobile Dealers Association: Now car dealers are one of the most important secular forces in American…

World’s largest natural soda ash group targets $7.5bn London listing

ft.com WE Soda, controlled by Turkish media mogul Turgay Ciner, intends to IPO in London in boost to City struggling to attract flotations

WE Soda to sell at least $800 mln shares in rare London IPO

reuters.com WE Soda, the world's largest producer of natural soda ash, is looking to raise at least $800 million for its parent Ciner Group in an initial public offering (IPO), its…

Ladbrokes owner Entain expects ‘substantial financial penalty’ after UK investigation

theguardian.com The owner of Ladbrokes and Coral bookmakers has said it is likely to incur a “substantial financial penalty” from an investigation by UK authorities into possible tax and…

Record Number Of Young Syrian Males Granted German Citizenship Last Year

zerohedge.com Record Number Of Young Syrian Males Granted German Citizenship Last Year Authored by Thomas Brooke via Remix News, A record number of Syrian nationals were handed German…

Erdogan's economic woes unlikely to vanish after reelection – DW

dw.com The Turkish lira has plumbed new depths after the reelection of President Recep Tayyip Erdogan, and inflation remains stubbornly high. Will the Turkish ruler change his…

Number of new German citizens hits 20-year high as many Syrians naturalized

go.com BERLIN -- Germany saw a 28% increase in the number of people gaining its citizenship last year, with people from Syria accounting for more than a quarter of those who were…

Dust Settling?

zerohedge.com Dust Settling? By Jane Foley, Senior FX Strategist at Rabobank Dust Settling? The closure of the US and UK markets in addition to parts of Europe yesterday meant it was…

Krugman Calls Out DeSantis, Apple-Meta Feud Looms, Bullish Bitcoin Call And More: 5 Key Stories You May Have Missed From The Weekend

benzinga.com Memorial Day weekend brought good tidings for the market as President Joe Biden and House Speaker Kevin McCarthy (R-Calif) agreed in principle on a budget deal, raising…

Need to Know: From McDonald’s to Morgan Stanley, UBS says these stocks are favorably positioned for AI

marketwatch.com With lawmakers bringing a debt-ceiling deal back from the brink over the holiday weekend, Wall Street looks ready to show its appreciation with a fresh 10-month high…

Erdoğan Faces Runoff Election for Turkish Presidency

statista.com Turkish President Recep Tayyip Erdoğan has won five more years of power following a tight run-off election on May 28. As the following chart shows, Erdoğan pulled in 52.2…

Futures Jump On Debt Deal Agreement Despite Congressional Hurdles, Nvidia Tops $1 Trillion

zerohedge.com Futures Jump On Debt Deal Agreement Despite Congressional Hurdles, Nvidia Tops $1 Trillion US stock futures levitated on Tuesday as euphoria over AI fueled a rally in…

Game Over For Turkey As Net Reserves Turn Negative, Morgan Stanley Sees Lira Collapsing

zerohedge.com Game Over For Turkey As Net Reserves Turn Negative, Morgan Stanley Sees Lira Collapsing One week ago, when the Turkish Lira first tumbled below 20 against the USD, we warned…

Russia 'On Course' for NATO Conflict, Commander Says

newsweek.com A full-blown NATO war with Russia is the West's "worst-case scenario" but is possible, according to the commander of the Czech Republic's armed forces, as the gulf between…

Majority of Turkish Expats Vote for President Erdoğan

statista.com With around 52 percent, Recep Tayyip Erdoğan won the run-off election against his left-wing opponent Kemal Kılıçdaroğlu and was elected president of Turkey for the third…

Stock Market Today: Dow Futures Rise, Bond Yields Fall After Debt-Ceiling Progress

wsj.com Stock futures ticked up and government-bond yields fell after a tentative deal was struck to raise the debt ceiling over the long weekend. Investors are waiting to see if…

Erdogan confirms 'sultanate,' Turkish lira heading for new lows

yahoo.com Investing.com - With 52% of the votes, Recep Tayyip Erdogan has been confirmed as Turkey's president until 2028, beating opposition leader Kemal Kilicdaroglu, who garnered…

Yen firms on policymaker meeting, dollar up after debt deal

investing.com LONDON/SINGAPORE (Reuters) - The yen strengthened on Tuesday on news of a meeting of Japan's finance ministry and central bank, while elsewhere the dollar rose to a…

What Does Erdogan's Reelection Mean For The New Cold War?

zerohedge.com What Does Erdogan's Reelection Mean For The New Cold War? Authored by Conor Gallagher via NakedCapitalism.com, Turkish President Recep Tayyip Erdogan has another five years…

Armin Rosen on the Saudi reforms

marginalrevolution.com An excellent piece, to be read through in its entirety, here is one excerpt: MBS is gambling that the fruits of openness and modernity can be reaped on Saudi terms, and that…

Turkish lira continues slide to new record lows following Erdogan's election victory

cnbc.com People walking next to a Turkish national flag at the historical grand bazaar in Istanbul. The Turkish lira slumped to yet another all-time low Tuesday, extending its slide…

Turkish Lira Drops to Record Low Against Dollar After Anti-Crypto Erdogan Re-Elected

beincrypto.com The local currency in Turkey has tanked following the results of a presidential election. President Recep Tayyip Erdoğan has reclaimed his position, which could spell more…

Ageing populations hit government credit ratings

acast.com Democrats and Republicans are confident they can pass a deal to avert a US debt default, the lira slides after Turkish president Recep Tayyip Erdoğan is re-elected, and…

Dollar eases as deal over US debt ceiling lifts risk appetite

reuters.com The U.S. dollar fell on Tuesday against a basket of major currencies but did not drift far from a two-month peak, after a deal over the U.S. debt ceiling lifted risk…