The Price of Peace
Markets celebrated the announcement of the interim agreement between the United States and Iran as though geopolitical risk had suddenly disappeared. Investors immediately priced the...
Tag: Turkey
Turkey Is Burning Its Dollar Lifeboats
For years, emerging markets accumulated US Treasuries as a form of financial insurance. They were supposed to be the ultimate reserve asset: liquid, stable, universally...
When the Wells Fall Silent
Wars are often measured in territory, in tonnage, in casualty reports and communiqués. But the real violence begins when the pipes stop flowing. What is...
Turkey’s Democratic Paradox: The West’s Favourite Hypocrite
When Turkey imprisoned President Recep Tayyip Erdogan’s main political rival over the weekend, thousands of protesters poured onto the streets. However, the response from the...
Trump’s Middle East Policy: A Blueprint for Regional Chaos
If Donald Trump’s latest stance on Gaza and the Middle East proves anything, it’s that short-term thinking and reckless bravado remain the defining pillars of...
A Precarious Transition in Syria
As Syrian President Bashar al-Assad flees to Moscow, leaving behind a palace ransacked by looters and streets filled with jubilant crowds in Damascus, the world...
The West’s Dilemma: Peace Talks, Missiles, and the Endless Tug-of-War
After nearly 1,000 days of resistance against Russia’s invasion, Ukraine’s allies seem to be losing patience and ideas. Western leaders, notably Germany’s Olaf Scholz and...
Pressure mounts on emerging markets
Global investors are unwinding their bets on local currency bonds, a trend that could potentially put pressure on central banks to raise interest rates. This...
Could inflation do what the polls couldn’t: bring down Erdogan?
With the rise in food and energy prices, the pace of annual price increase climbed to 58.9% last month, up from nearly 48% in July,...