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Financial markets and foreign investors can only be worried by such developments. Turkey’s economy has now fallen under autocratic rule. It will therefore continue to be dependent on unconventional interest rate policies—with the president insisting on zero or low rates as a matter of Islamic practice—and will be even more under the influence of the leadership’s unchallenged views.

Turkey and the West: What to Expect in 2019?

By: EBR | Thursday, January 24, 2019

Four big issues will dominate Turkey’s policy agenda this year. The net result is growing uncertainty about the country’s reliability among its Western allies.

Europe can work with Asian countries – like and unlike-minded – to salvage and reform parts of the multilateral system which have served everyone so well for the last 70 years, including the World Trade Organisation and, specifically, its Appellate Body and the Dispute Settlement Mechanism. Constructive proposals proposed by the EU could form the basis of a revamped and more inclusive global trade system.

Brexit, Asia and the increased lure of Europe

By: EBR | Tuesday, January 22, 2019

The world is watching Brexit – and concern over Britain’s uncertain future is sharpest in Asia. Asian leaders and businesses are uneasy over Brexit chaos and as they wait and worry many are moving fast to reinforce ties with an increasingly attractive Europe

Nancy Pelosi calls the president's proposals unacceptable and said, “What is original in the president’s proposal is not good. What is good in his proposal is not original. Chuck Schumer called it one-sided and ineffective. Democrats are dug in to the theater of lies and hate, casting Donald Trump as evil while casting themselves as angels, supported by a mainstream media intent on publishing any anti-Trump story, often baseless or absurd. Traditional journalistic standards are outfooted

Nancy Pelosi takes a personal fight against president Donald Trump

By: EBR | Tuesday, January 22, 2019

The speaker of the House, Nancy Pelosi, takes a personal fight against the president of America, Donald Trump. She doesn’t want to negotiate the shutdown

The world has moved into a period of divergence following one of globalization that profoundly altered the global political economy. Reconfiguring the relations of deeply integrated countries is fraught with potential risks. This was borne out during 2018, as trade and investment ties deteriorated among many of the world’s powers, notably including the United States and China.

Are we sleepwalking into a new global crisis?

By: EBR | Friday, January 18, 2019

Could the world be sleepwalking into a crisis? Global risks are intensifying but the collective will to tackle them appears to be lacking

Never has science been clearer in its concern about the risks of climate change and the stress this places on our oceans and other vital ecosystems, including tropical forests and freshwater sources. Yet our response to melting glaciers is glacial. While solutions increasingly exist, especially in the energy sector, there is as yet no movement on global action commensurate to the challenge.

Globalization 4.0 will help us tackle climate change. Here’s how

By: EBR | Friday, January 18, 2019

Climate change – arguably humanity’s most existential challenge – requires urgent global action

Demand growth next year still looks strong enough to provide commodity markets with support, making the kind of price collapse seen during 2015 unlikely. However, volatility in commodity markets will continue in 2019, particularly in oil markets. We predict oil prices will rise a bit in the near term and average around $70.0 per barrel over the coming year, compared with an average $71.0 in 2018

10 predictions for the global economy in 2019

By: EBR | Friday, January 11, 2019

The global economy started 2018 with strong, synchronized growth. But as the year progressed, momentum faded and growth trends diverged

2018 was not a good year for investors. Not only did the global equity markets end the year with losses, there was also little money to be made from investments in commodities, gold or high-yield government and corporate bonds. One main lesson that ought to be learned from 2018 is that following majority opinions among analysts and market participants does not guarantee investment success at all

A World of Financial Gloom and Doom?

By: EBR | Thursday, January 10, 2019

Why financial markets in 2019 may offer positive surprises, despite — and actually because of — the current wave of pessimism

Turkmenistan is not included at all in the World Bank’s “East of Doing Business” global ranking analysis and Turkmen state-owned companies have had serious difficulties paying their debts and meeting their financial obligations. The message is that investors would be wise to be wary

Turkmenistan still contrasts negatively with its Caucasian neighbours

By: EBR | Monday, January 7, 2019

The European Union is actively looking to increase its dialogue and cooperation with Turkmenistan withg plans to launch a fully-fledged EU delegation in Turkmenistan in 2019

Officially, China’s economy is growing at 6.5%. But car sales, a key indicator of growth, have stalled. China has become the world’s largest car market, but sales have gone into reverse for the first time since 1990

China’s Interesting Future, in 2019

By: EBR | Thursday, January 3, 2019

If China has a problem, so does the global economy

the US economy expanded at a fast pace in 2018, as tax cuts and spending increases stimulated demand. The US Federal Reserve has continued to raise the policy interest rate as a result. Interest rates on US long-term bonds have increased less, as investors see risks to future growth and value the safety of US Treasury securities

5 charts that explain the global economy in 2018

By: EBR | Friday, December 28, 2018

The global economy started 2018 on an upbeat note, buoyed by a pickup in global manufacturing and trade through 2017

Governments need to supply good governance – and stay away from repressive policies – so that people can concentrate their intrinsic talents on acquiring educational capital: Those willing to work hard and play by the rules should be able to achieve a comfortable life. The challenge is to ensure inclusive and sustainable growth that fairly rewards entrepreneurialism without allowing the elite to hoard power and wealth

The Countries Getting the Highest Return on Education

By: EBR | Thursday, December 27, 2018

The key to fostering a more educated populace is not financial – it’s cultural

Consider the South Caucasus. While updating the new edition of my book, The Caucasus: An Introduction, with a new chapter after almost a decade, one theme stood out: the legacy of the Soviet Union is gradually leaving the region, along with the influence of Russia. Russian language use is declining (two thirds of Azerbaijanis now report only basic knowledge of the language). Russian television viewership has declined precipitately. Ethnic Russians comprise no more than two or three percent of the population of the three countries

The Caucasus: No Longer Russia’s Neighborhood

By: EBR | Tuesday, December 18, 2018

The three South Caucasian countries have found a way to manage their relationship with Russia. If their leaders do nothing stupid to alienate their own populations, they stand a good chance of navigating 2019 without a confrontation with Moscow

Taiwan has also created the National Climate Change Action Guidelines and implemented the Greenhouse Gas Reduction Action Plan, which targets six major sectors: energy, manufacturing, transportation, residential and commercial development, agriculture, and environmental management

Climate Change: global challenge requiring global response

By: EBR | Friday, December 7, 2018

Continued growth in emissions of greenhouse gases around the world has caused abnormal and extreme weather events such as heatwaves, droughts, and catastrophic torrential rains

World Leaders on Instagram 2018

By: EBR | Friday, December 7, 2018

Diplomacy is becoming more visible and more visual through social media and especially Instagram. What was once hidden behind closed doors is now becoming public for everyone to see. History is now being immortalized on the mobile photo and video sharing platform

Human beings who are affected by the little things – the weather in Katowice, the length of their in some cases 70km daily commute, not to mention the quality of the coffee and hot chocolate in the venue. With all the professionalism in the world, we should not forget this is a key factor in determining the mood and energy brought into these negotiations

What will make a difference at COP24?

By: EBR | Tuesday, November 27, 2018

As thousands of delegates and observers are preparing to head to the small Polish mining town of Katowice, Jennifer Tollmann looks at what will make a difference at the 24th United Nations climate talks (COP24)

The furious anti-Trump campaign of the Democrats didn’t bring the results they worked hard on, strongly supported by their ‘media-partners’ the New York Times, the Washington Post and CNN.

First glance: Democrats win the House; Republicans strengthen position in the Senate

By: N. Peter Kramer | Wednesday, November 7, 2018

Looking at the past, it seems that there is a rule, that US Presidents lose their first midterm elections in both houses.

It is striking to see that the Democratic party, pretending to be the party of the country’s intellectuals, in the campaign for the midterm elections completely forgot to tell the American voters what vision and ideas they have for the future of the United States if they should come to power

What do Democrats actually want, beyond being rabidly anti-Trump?

By: N. Peter Kramer | Tuesday, November 6, 2018

The one and only Democrat campaign item is: We Hate Donald Trump. Doesn’t it strike as unbelievably poor that there is nothing else, no content at all, in their campaign

Who has forgotten the result of the presidential elections of two years ago when Hillary Clinton was predicted to win by pollsters and the media till practically the last minute? But then the results, state by state trickled through and soon it became clear that was what considered highly improbable had become true.

The US Elections of November 6: a referendum about President Donald Trump?

By: N. Peter Kramer | Friday, November 2, 2018

Are the national congressional elections in the United States, on Tuesday November 6, a referendum about President Donald J. Trump? According to the President himself: YES.

Khashoggi's murder spotlights global war on free speech

By: EBR | Tuesday, October 30, 2018

The gruesome killing of Jamal Khashoggi inside the Saudi Consulate in Istanbul has provoked global outrage. But let's also focus on the plight of other reporters – much less visible and politically well-connected than Khashoggi – who are killed, tortured, imprisoned and threatened every day

The best countries to live and work in

By: EBR | Friday, October 26, 2018

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EU Actually

Six EU countries demand revision of climate policy: ‘Ideological dogmatism harms our industry’

By: N. Peter Kramer

Six European heads of government have called on Commission President Ursula von der Leyen to review the current EU climate policy.

Europe

Trump’s Peace Lessons for Europe

U.S. President Donald Trump’s claims to have ended eight wars may be debatable, but his peace efforts raise valid questions. Europe can learn lessons from Washington on how to break the deadlock in protracted conflicts.

Business

EU waters down plans to end new petrol and diesel car sales by 2035

Current rules state that new vehicles sold from that date should be "zero emission", but carmakers, particularly in Germany, have lobbied heavily for concessions.