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The Latest Breaking News from Timothy Ash

The forint verdict: How investors are reacting to a landslide Hungarian opposition victory

Hungary’s main stock index (BUX) surged on Monday as investors welcomed the prospect of far-reaching reforms following Péter Magyar’s decisive win in the country’s parliamentary election.

Euronews

US, Europe lift ‘range restrictions’ on Ukraine missiles: Why it matters

German leader Merz confirms Kyiv can now target Russian military positions with long-range weapons from Western allies.

Al Jazeera

US and Ukraine to meet on Russia: What’s on the agenda for Saudi talks?

The talks will the first high-level meeting between the two countries since Trump and Zelenskyy’s White House meeting.

Al Jazeera

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Russia-Ukraine war: What’s a ‘coalition of the willing’, Europe’s new plan?

UK will work with Europe to devise a Ukraine peace deal to present to Trump, Starmer announced after a London summit.

Al Jazeera

How UK and EU could find more money for defence without spooking the markets

There is political agreement that Britain and Europe need to increase military spending. But in straitened times, how can it be done?

The Guardian - UK

Trump’s Ukraine policy shift: How are European leaders planning to respond?

European leaders are scrambling for responses after Trump reached out to Putin to end the war in Ukraine.

Al Jazeera

Russia gained 4,000sq km of Ukraine in 2024. How many soldiers did it lose?

Verifying casualty figures for soldier in the Russia-Ukraine war is difficult, as experts call it ‘a war of narratives’.

Al Jazeera

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‘Major compromise’: How Ukraine’s Zelenskyy shifted goals to end Russia war

For the first time, Zelenskyy has said the war could end without Ukraine getting back all of its territory from Russia.

Al Jazeera

Ukraine gets green light to use US long-range missiles: What’s next?

Biden authorises Ukraine to use ATACMS inside Russia, angering Moscow, which accuses Washington of escalating conflict.

Al Jazeera

US election: Who do world leaders prefer for president – Harris or Trump?

From Putin to Xi Jinping, European and NATO leaders to India’s Modi, who would world leaders prefer in the White House?

Al Jazeera

Russia’s BRICS summit: What’s on the agenda and why it matters to Putin

The summit, which leaders from two dozen nations will attend, is the largest event Russia has hosted in years.

Al Jazeera

Turkey's Central Bank Hikes Interest Rate To 50%

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month.

International Business Times

Turkey's finance chief heralds $50.7 billion deals with UAE as Erdogan tours Gulf nations

Turkish Finance Minister Mehmet Simsek says Turkey and the United Arab Emirates have signed deals worth $50.7 billion, as President Recep Tayyip Erdogan rounds off a three-country tour of the Gulf

The Independent UK

Erdogan hopes a U-turn can salvage Turkey's floundering economy

Turkey's newly reelected president, Recep Tayyip Erdogan, has performed a rare and dramatic policy reversal. With the country facing a financial crisis, Erdogan has abandoned his controversial economic policies and turned to a market-friendly policymaker to lead the finance ministry.

Radio France Internationale

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Al Jazeera

After Turkey election win, what problems does Erdogan face next?

Economic concerns and relations with the West lie at the top of Erdogan’s agenda after presidential election victory.

Radio France Internationale

Turkey and Russia closer than ever despite Western sanctions

The leaders of Turkey and Russia are continuing to deepen relations as Moscow intensifies its war against Ukraine. Their frequent meetings and close ties fuel concerns among Turkey's Western allies that Ankara is circumventing sanctions against Russia.

Radio France Internationale

Ankara claims progress on talks over release of trapped Ukrainian grain onto world markets

Ankara is claiming a breakthrough in efforts to release trapped Ukrainian grain to world markets as global food prices soar. The breakthrough came after Wednesday's four-way talks between Russian, Ukrainian, United Nations, and Turkish officials in Istanbul.

The Independent UK

Where food is a luxury: Turkey struggles to survive as inflation rises to over 74 per cent

One subsidised restaurant seeks to help Turks facing escalating living costs. But such acts do little against a soaring inflation rate

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Al Jazeera

Can the G7 proposal for a cap on Russian oil prices work?

The G7 would need to get large consumers like India and China involved for such a plan to work.

Radio France Internationale

Turkey's ambiguous application of United Nations' sanctions on Russia

The arrival in a Turkish port of two superyachts belonging to a Russian oligarch is drawing attention to Ankara's policy of refusing to impose sanctions on Russia in response to its invasion of Ukraine. There are concerns that Turkey is becoming a safe haven for those seeking to circumvent sanctions.

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