Erdogan says Turkey will keep cutting interest rates, mocks British pound

Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. NO RESALE. NO ARCHIVES. MANDATORY CREDIT Murat Cetinmuhurdar | Reuters Turkey will keep cutting interest rates, … Read more

Latest news on Russia and the war in Ukraine

Satellite imagery spots Nord Stream pipeline leak in the Baltic Sea Satellite imagery from U.S. company Planet captured the disturbed surface of the Baltic Sea following Tuesday’s leak in the Nord Stream gas pipeline. A satellite image of the Nord Stream leak in the Baltic Sea, captured on Sept. 26, 2022. Planet The pipeline rupture … Read more

The US and Europe are running out of weapons to send to Ukraine

Ukrainian servicemen fire an M777 howitzer, Kharkiv Region, northeastern Ukraine. This photo cannot be distributed in the Russian Federation. Vyacheslav Madiyevskyy | Future Publishing | Getty Images In the US weapons industry, the normal production level for artillery rounds for the 155 millimeter howitzer — a long-range heavy artillery weapon currently used on the battlefields … Read more

The golden age of globalization has ended: Singapore’s Lawrence Wong

“The golden age of globalization that we experienced in the last 30 years since the end of the Cold War has ended clearly and we are entering a new era, a new era that will be marked by greater geopolitical contestation,” said Singapore’s Deputy Prime Minister and Minister for Finance Lawrence Wong. Bloomberg | Bloomberg … Read more

Putin is mobilizing. Germany and France are unlikely to step up. – POLITICO

John R. Deni is a research professor at the US Army War College‘s Strategic Studies Institute and a non-resident senior fellow at the Atlantic Council. Hey‘s the author of “Coalition of the unWilling and unAble.” Russian President Vladimir Putin’s recent decision to partially mobilize Russian reservists represents a significant escalation in his war against Ukraine. … Read more

Putin’s nuclear threats raise the risk of disaster

Speaking in a rare, televised address on Wednesday, Putin warned that if the territorial integrity of Russia is threatened, the Kremlin would “certainly use all the means at our disposal to protect Russia and our people. It is not a bluff.” Gavriil Grigorov | Afp | Getty Images Russian President Vladimir Putin’s ultimatum to the … Read more

Pressure mounts on Germany’s Scholz to send tanks to Ukraine – POLITICO

The warning shots are getting closer and louder. In a heated parliamentary session on Thursday, German Chancellor Olaf Scholz received stark signals from his coalition partners that they expect him to ramp up weapons supplies to Ukraine at what is becoming an increasingly critical inflection point of the war. While his government coalition bought him … Read more