
Turkish inflation tops 83% as Erdoğan promises more rate cuts
… Turkey’s official inflation rate climbed to a new 24-year high last month as the country reeled from President Recep Tayyip Erdoğan’s unorthodox economic policy….

… Turkey’s official inflation rate climbed to a new 24-year high last month as the country reeled from President Recep Tayyip Erdoğan’s unorthodox economic policy….
Annual inflation in Turkey hit 83.45% in September 2022, the Turkish Statistical Institute (TUIK) reported on Monday.
Turkey’s inflation jumped to a new 24-year high of more than 83% in September after the central bank cut interest rates despite a sharp rise in prices, official data showed.
…A US official said the swap had not altered US policy toward Venezuela ….
… Iran is also seeking the return of a number of Iranians held in the US….

In a rare softening of hostile relations, Venezuela has freed seven imprisoned Americans in exchange for the United States releasing two nephews of President Nicolás Maduro’s wife who had been jailed for years on drug smuggling conspiracy convictions, the White House said Saturday.
The fact that the export license of the operator of TurkStream was revoked due to new EU sanctions will not affect the gas pipeline’s operation, Kremlin spokesman Dmitry Peskov told reporters on Friday.
…Iraq’s government condemned the attack and summoned Iran’s ambassador….
The city of al-Bab, which is under the control of the Turkey-backed Free Syrian Army (FSA) in the northeastern Aleppo countryside, witnessed Sept. 23 popular protests demanding that the FSA factions hand them back their property, including their houses, farms and shops, which the factions had seized years ago, when the FSA and the Turkish army took control of the city after expelling the Islamic State (IS) in 2017 as part of Operation Euphrates Shield.
South Stream Transport B.V., the operator of the TurkStream pipeline, announced an early termination of the company’s export license due to new EU’s sanctions.