Turkey’s inflation jumped to 24-year high of 79.6 percent in July | Inflation News

Turkey’s inflation jumped to 24-year high of 79.6 percent in July |  Inflation News

Turkey’s inflation has been fueled by the lira’s continued decline as well as the economic consequences of Russia’s invasion of Ukraine. Turkish inflation rose to a fresh 24-year high of 79.6 percent in July, data showed on Wednesday as the lira’s continued weakness and global energy and commodity costs pushed prices higher, though the price … Read more

Canada to change spelling of Turkey to ‘Turkiye’ following UN move – National

Canada to change spelling of Turkey to ‘Turkiye’ following UN move – National

The Canadian government has quietly changed the name of Turkey to the official Turkish spelling Turkiye in all official communications. The move follows a request by President Recep Tayyip Erdogan’s government for the international community to recognize the authentic spelling of his country’s name. Last month Ankara asked the United Nations to ditch the commonly-used … Read more

Turkey’s inflation rate soars to almost 70 percent | Business and Economy News

Turkey’s inflation rate soars to almost 70 percent |  Business and Economy News

The consumer price index has risen by 69.97 percent year-on-year in April compared with 61.14 percent in March. Turkey’s official inflation rate has spiralled to nearly 70 percent in April, posing a huge challenge to President Recep Tayyip Erdogan, whose unconventional economic policies are often blamed for the economic turmoil. The consumer price index rose … Read more

China makes semi-secret delivery of missiles to Serbia

China makes semi-secret delivery of missiles to Serbia

BELGRADE, Serbia (AP) — Russian ally Serbia took the delivery of a sophisticated Chinese anti-aircraft system in a veiled operation this weekend, amid Western concerns that an arms buildup in the Balkans at the time of the war in Ukraine could threaten the fragile peace in the region. Media and military experts said Sunday that … Read more