More Ukrainian grain shipments under way – POLITICO

A group of ships carrying grain left Ukrainian ports on Sunday, the second convoy to depart in recent days following a UN-backed agreement late last month to unblock the ports. The group includes four vessels loaded with almost 170,000 tons of agricultural products, Infrastructure Minister Oleksandr Kubrakov said in a tweet early Sunday. He said … Read more

Turkey’s inflation jumped to a 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, although the price … Read more

Turkey says first grain ship seen to depart Ukrainian port

ANKARA, Turkey (AP) — Turkey’s defense ministry says the first ship carrying Ukrainian grain will set off from the port of Odesa on Monday. The ministry says the Sierra Leone-flagged cargo ship, Razoni, which has been loaded with corn, will depart Odesa for Lebanon at 0530 GMT. The ministry statement said other ships would also … Read more

Russian missiles target Odesa day after Ukraine grain export deal – POLITICO

KYIV, Ukraine — Russia fired several missiles at the port of Odesa on Saturday, Ukrainian authorities said, raising the question of whether Moscow would abide by a crucial deal struck Friday to unblock Ukraine’s seaports to allow for the transport of millions of tons of grain needed two feed countries in Africa and the Middle … Read more

“A beacon of hope”: Ukraine, Russia sign grain export deal

ISTANBUL (AP) – Russia and Ukraine signed separate agreements Friday with Turkey and the United Nations clearing the way for exporting millions of tons of desperately needed Ukrainian grain – as well as Russian grain and fertilizer – ending a wartime standoff that had threatened food security around the globe. The deal will enable Ukraine … Read more

Vladimir Putin Visits Tehran For Talks With Leaders Of Iran, Turkey

TEHRAN, Iran (AP) – Russian President Vladimir Putin arrived in Iran on Tuesday for a visit intended to deepen ties with regional heavyweights as part of Moscow’s challenge to the United States and Europe amid its grinding campaign in Ukraine. In only his second trip abroad since Russian tanks rolled into its neighbor in February, … Read more

Turkey reports highest inflation in 24 years, but experts say real rate is even worse | DW Business – DW News

Turkey reports highest inflation in 24 years, but experts say real rate is even worse | DW BusinessDW News Turkey’s annual inflation soars to almost 79%, hitting highest level in 24 yearsCNBC Data puts Turkey’s annual inflation at 78.6%, a 24-year highABC News No Anchor Left for Turkey’s Inflation as It Nears 80% PeakBloomberg Turkey’s … Read more

Turkey’s annual inflation soars to almost 79%

Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images Inflation in Turkey rose close to 79% last month, the highest the country has seen in a quarter of … Read more

With Turkey’s economy in crisis, Erdoğan picks fights abroad – POLITICO

Press play to listen to this article ISTANBUL – Restaurants have invested in wipe-clean menus so they can update their prices daily. Taxi drivers are asking passengers to top up their fares to meet rising fuel costs. A cappuccino that cost 20 lira earlier this year is now 30 lira. “It’s ridiculous,” said Osman, who … Read more